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information provided by the latter irreplaceable render its use for diagnostic approaches financial foundation. An efficient … information system can provide relevant indicators to users based on accurate and real information and financial analysis results … information it produces, into analysts’ work. The used research method is the bibliographic one, being studied timely books and …
Persistent link: https://www.econbiz.de/10012017065
subject to a private information problem. The asset plays the role of a medium of exchange, but this role can be affected by … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …
Persistent link: https://www.econbiz.de/10010316877
A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …
Persistent link: https://www.econbiz.de/10010261275
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a 'two-tier equilibrium' in which 'reputable' auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10010332213
The performance of analysts' forecasts has attracted increasing attention in recent years. However, as yet, no …
Persistent link: https://www.econbiz.de/10011843218
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a "two-tier equilibrium" in which "reputable" auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10010263371
widely agreed that asymmetric timely earnings increase the contractual efficiency of accounting information, I first test … whether firms with more asymmetric timely earnings produce more valuation-useful financial accounting information. Second, I … information. As non-equity stakeholders in general face higher transaction costs when diversifying unsystematic risk compared to …
Persistent link: https://www.econbiz.de/10010263727
, when inside firm owners make it easier for outside investors to obtain inexpensive biased information from the manager …
Persistent link: https://www.econbiz.de/10012619593
experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …
Persistent link: https://www.econbiz.de/10010332350
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10010282257