transparency. We can predict a clustering of attributes: bank dominance, established firms with valuable investment, but also …This paper studies the incentives for transparency under different forms of corporate governance in a context of … decision on the degree of transparency in a context of product market competition. When firms seeking outside finance resort to …

transparency. We can predict a clustering of attributes: bank dominance, established firms with valuable investment, but also …This Paper studies the incentives for transparency under different forms of corporate governance in a context of … decision on the degree of transparency in a context of product market competition. When firms seeking outside finance resort to …

This paper studies optimal financial contracts and product market competition under a strategic transparency decision …, the dominant lender can influence corporate transparency. More transparency about a firm's competitive position has both … strategic advantages and disadvantages: in general, transparency results in higher variability of profits and output. Thus …

philosophy (which is largely family control) generally does not lend itself to transparency and disclosure. The situation is …

, including the growth of income from financial subsidiaries and investment as well as growth in the transfer of earnings to … explore the relationship between financialization in the U.S economy and real investment at the firm level. Using data from a … sample of non-financial corporations from 1973 to 2003, I find a negative relationship between real investment and …

We study whether Russian Financial-Industrial Groups facilitate access by Russian firms to investment finance. We … control set of large firms categorized by dispersed ownership or/and management and employee control. We find that investment … reallocation hide opportunistic value transfer across firms. Specifically, we assess the quality of the investment process in group …

asymmetries by simply publishing information. This raises the question of the socially optimal degree of transparency in monetary …, we also examine the question of whether the transparency of the central bank's objectives is desirable from a social … asymmetries by simply publishing information. This raises the question of the socially optimal degree of transparency in monetary …

countries after an aggregate income shock. The analysis is based on a data set in which the customer data of the microfinance … microfinance institution. The results support the hypothesis that especially transaction lending contributes to the problem of …