Showing 41 - 50 of 32,497
Persistent link: https://www.econbiz.de/10011981544
Persistent link: https://www.econbiz.de/10010513936
Persistent link: https://www.econbiz.de/10011882733
Persistent link: https://www.econbiz.de/10002524081
We show that firms intermediating trade have incentives to overinvest in financial expertise, and that these investments can be destabilizing. Financial expertise in our model improves firms' ability to accurately estimate value when trading a security. It creates adverse selection, which under...
Persistent link: https://www.econbiz.de/10003955258
Persistent link: https://www.econbiz.de/10010219870
Persistent link: https://www.econbiz.de/10003951162
Persistent link: https://www.econbiz.de/10001745617
Persistent link: https://www.econbiz.de/10002831832
Persistent link: https://www.econbiz.de/10012288021