Showing 1 - 10 of 331
paper analyzes the role of third party information for VAT enforcement through two randomized experiments among over 400 …
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This paper assesses different organizational forms in terms of their ability to generate information about investment … likely to be attractive when information about individual projects is soft' and cannot be credibly transmitted. Moreover …, holding fixed firm size, soft information also favors flatter organizations with fewer layers of management. In contrast …
Persistent link: https://www.econbiz.de/10012471056
The distance between small firms and their lenders in the United States is increasing. Not only are firms choosing more distant lenders, they are also communicating with them in more impersonal ways. After documenting these systematic changes, we demonstrate that they do not stem from small...
Persistent link: https://www.econbiz.de/10012471076
This paper explores environments in which either the revelation or diffusion of information, or its incorporation into … methodology and for understanding the process by which stock prices incorporate information. Two environments are highlighted …. First, information is often not revealed in one announcement but rather through a process of gradual public revelation …
Persistent link: https://www.econbiz.de/10012472593
Firms invest differentially in the intellectual human capital required to recognize, evaluate, and utilize technological breakthroughs occurring outside the firm. Such differential investment has been crucial in explaining which incumbent pharmaceutical firms have successfully transformed their...
Persistent link: https://www.econbiz.de/10012473271
A model of interest rate movements in response to new information on the money stock is developed.The model, which …
Persistent link: https://www.econbiz.de/10012477495
This paper shows how recent developments in the Economics of Information can provide insights into economic relations …
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