LEADER 04132nam 2200673Ia 450 001 9910819199003321 005 20200520144314.0 010 $a1-282-06995-0 010 $a9786612069956 010 $a0-226-35594-2 024 7 $a10.7208/9780226355948 035 $a(CKB)1000000000725042 035 $a(EBL)432244 035 $a(OCoLC)435816429 035 $a(SSID)ssj0000106996 035 $a(PQKBManifestationID)11127467 035 $a(PQKBTitleCode)TC0000106996 035 $a(PQKBWorkID)10005768 035 $a(PQKB)11436694 035 $a(MiAaPQ)EBC432244 035 $a(DE-B1597)535832 035 $a(OCoLC)824153227 035 $a(DE-B1597)9780226355948 035 $a(Au-PeEL)EBL432244 035 $a(CaPaEBR)ebr10288689 035 $a(CaONFJC)MIL206995 035 $a(EXLCZ)991000000000725042 100 $a19900502d1990 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aAsymmetric information, corporate finance, and investment /$fedited by R. Glenn Hubbard 205 $a1st ed. 210 $aChicago $cUniversity of Chicago Press$d1990 215 $a1 online resource (ix, 343 pages) $cillustrations 225 1 $aA National Bureau of Economic Research project report 300 $aPapers presented at an NBER conference held in Cambridge, May 5-6, 1989. 311 0 $a0-226-35585-3 320 $aIncludes bibliographical references and index. 327 $tFrontmatter --$tContents --$tAcknowledgments --$tIntroduction --$t1. Macroeconomic Models with Equity and Credit Rationing --$t2. Collateral, Rationing, and Government Intervention in Credit Markets --$t3. Do Firms Care Who Provides Their Financing? --$t4. Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships --$t5. Sustaining Investment, Discretionary Investment, and Valuation: A Residual Funds Study of the Paper Industry --$t6. Are Large Shareholders Effective Monitors? An Investigation of Share Ownership and Corporate Performance --$t7. Economic and Financial Determinants of Oil and Gas Exploration Activity --$t8. AIL Theory and the Ailing Phillips Curve: A Contract-Based Approach to Aggregate Supply --$t9. Liquidity Constraints in Production-Based Asset- Pricing Models --$t10. Understanding Stock Price Behavior around the TIme of Equity Issues --$t11. Investment, Financial Factors, and Cash Flow: Evidence from U.K. Panel Data --$t12. Financial Systems, Corporate Finance, and Economic Development --$tContributors --$tDiscussants and Other Participants --$tAuthor Index --$tSubject Index 330 $aIn this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that financial decisions of the firm can affect real economic activity-and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differences-asymmetries-in access to information between "borrowers" and "lenders" ("insiders" and "outsiders") in financial transactions affect investment decisions of firms and the organization of financial markets. The original research emphasizes the role of information problems in explaining empirically important links between internal finance and investment, as well as their role in accounting for observed variations in mechanisms for corporate control. 410 0$aProject report (National Bureau of Economic Research) 606 $aCorporations$xFinance$vCongresses 606 $aInvestments$xMathematical models$vCongresses 606 $aSecurities$vCongresses 615 0$aCorporations$xFinance 615 0$aInvestments$xMathematical models 615 0$aSecurities 676 $a658.15 701 $aHubbard$b R. Glenn$0119121 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910819199003321 996 $aAsymmetric information, corporate finance, and investment$94009412 997 $aUNINA