conditions by reducing information asymmetries, predominantly for borrowers with less attractive risk characteristics. Our … findings may be surprising given the replacement of a bank by an electronic marketplace. …

The financial intermediation function that a bank performs dictates the existence of a risk-reward trade-off embedded … a bank is tasked with the management of interest rate risk in the 'banking book' of its balance sheet. Managing interest … within a bank's balance sheet. The process of risk management focuses on achieving the broader organisational objectives …

?s small and medium-sized companies in particular are confronted with an information problem regarding the second largest … market in the world. The crucial question of this analysis is: Which market entry strategies exist for this type of company … small and medium-sized companies are being taken into account. The transaction cost theory serves as the theoretical …

periods. This agency problem is especially severe for firms that suffer from larger information asymmetries with the credit … "Heterogeneity in Corporate Governance: Theory and Evidence", I propose that the amount of management autonomy in a firm is chosen as … variance attempt to reduce the information disadvantage they face by reducing autonomy of management. In addition, I find that …

Mechanisms used to allocate licenses to newcomers differ in various respects, and one of them being the information … revealed by the regulator. The author analyzes the impact of information revelation on the market structure, the market outcome …

dem IWF in diesen Szenarien zur Verfügung stehen, orientieren sich dabei an den in der Theorie zur Finanzintermediation …, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between …

"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of … formation. As opposed to previous findings in the CPR literature we observe that full information disclosure significantly … changes individual behaviour and aggregate use of the common property. Groups that had complete information about other …