This paper studies the effect of firm and country reputation on exports when buyers cannot observe quality prior to purchase. Firm-level demand is determined by expected quality, which is driven by the dynamics of consumer learning through experience and the country of origin's reputation for...

This paper investigates the contract terms of local versus foreign bank lead loan syndications to test two opposing theories: the home market advantage gained by closer geographical proximity and soft information from existing banking relationships, versus the hold-up problem where banks exploit...

Assuming information asymmetry between private agents and the central bank about the state of the economy, an unexpected change in interest rates signals the central bank's perceived state of the economy and facilitates an update of private expectations in an adverse, perhaps unintended way....

To reduce costs, a buyer would seek a more affordable price for products from alternative suppliers. For the buyer, there is asymmetric information about the alternative supplier׳s cost. A supplier switching model is constructed based on principal-agent theory to minimize the buyer׳s cost...

Patent litigation is a common form of legal, economic and strategic behaviors that arise in a variety of business domains. Using information-based and rivalry-based theories, this study explores how asymmetric information, competitive rivalry in a strategic group and market positions influence...

Asymmetric information is a part of market failure. It leads to market imperfections and inefficiency of economic markets. We can meet serious asymmetric information in initial public offerings when companies go public. In IPO process, better-informed party can take an advantage considering new...

The text refers to a specific field of the insurance market, which concerns export insurance by the state-owned insurance corporation (EGAP). In this company, we can find some moral hazard and adverse selection due to almost 100% guarantees to insured entities. The paper concerns the...

На основании результатов проведенного исследования в статье формируется механизм управления уровнем асимметрии информации. С учетом выявленных особенностей...

<Para ID="Par1">This paper presents a theory of political instability in autocracies where the disenfranchised express their political preferences for a leadership replacement through costly political action. We focus on the business regulatory environment as an arena for autocratic rent-creation, as a source...</para>

Realists argue that balancing occurs in response to changes to the balance of power. Recent informational approaches have focused primarily on informational asymmetries or commitment problems. The article combines these two approaches and builds on them by incorporating characteristics of the...