Asymmetric Information How Equity Finance is Better than Debt Finance
AbstractThe paper presents an analysis which concludes that equity finance solves the problems created by the asymmetry of information, namely, adverse selection and moral hazard. The article empirically looks into the choice of capital based on the risk/reward profile of the investor and lender.
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Bibliographic InfoArticle provided by IUP Publications in its journal The IUP Journal of Financial Economics.
Volume (Year): II (2004)
Issue (Month): 4 (December)
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