Download e-book for iPad: Corporate Policies in a World with Information Asymmetry by Vipin K Agrawal,Ramesh K S Rao

Modern company finance concept, originating with the seminal paintings of Merton Miller and Franco Modigliani, has confirmed that those judgements depend upon the data that the executive and traders have concerning the firm's destiny money flows.

In this ebook, the authors research those judgements by way of assuming that the chief has inner most information regarding the firm's destiny money flows. they supply a unified framework that yields new theoretical insights and explains many empirical anomalies documented within the literature.

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Corporate Policies in a World with Information Asymmetry by Vipin K Agrawal,Ramesh K S Rao


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