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  1. Price Adjustment to News with Uncertain Precision
  2. Asymmetric Information, Disagreement, and the Valuation of Debt and Equity
    Erschienen: 2022
    Verlag:  SSRN, [S.l.]

    We study the prices of a firm's debt and equity in a market where investors have private information and may exhibit differences of opinion. We show how debt and equity valuations, and the impact of public information and distress risk on these... mehr

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    We study the prices of a firm's debt and equity in a market where investors have private information and may exhibit differences of opinion. We show how debt and equity valuations, and the impact of public information and distress risk on these valuations, depend upon disagreement and the intensity of liquidity trading. Moreover, debt and equity prices exhibit drift and reversals in response to news, the strength of which depend upon the firm's leverage. Finally, the firm's capital structure can influence its valuation, and the optimal capital structure depends on the relative amount of liquidity trade in debt versus equity

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
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    Schriftenreihe: Stanford University Graduate School of Business Research Paper ; No. 4278165
    Schlagworte: capital structure; rational expectations; difference of opinions; disagreement; liquidity trading; information quality
    Weitere Schlagworte: Array
    Umfang: 1 Online-Ressource (54 p)
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    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 15, 2022 erstellt

  3. How well did facts travel to support protracted debate on the history of the great divergence between Western Europe and imperial China?
    Erschienen: March 2017
    Verlag:  Economic History Department, London School of Economics and Political Science, London, UK

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Economic history working papers / LSE, Economic History Department ; no: 257, 2017
    Schlagworte: Great Divergence; information quality; information reliability
    Umfang: 1 Online-Ressource (circa 27 Seiten)