Essays on Asymmetric Information Problems
Economic Analysis of Bubble and Corporate Governance
Versandkostenfrei!
Versandfertig in 6-10 Tagen
32,99 €
inkl. MwSt.
PAYBACK Punkte
16 °P sammeln!
This book contains three Chapters. After the introduction part, Chapter 1 reexamines a bubble that persists towards synchronization risk. We find that a certain condition that usually does not hold is required for the existence of synchronization risk. Chapter 2 presents a model that explains why asset bubbles collapse despite any delay in arbitrage. An endogenous mechanism for bubble bursting that persists under synchronization risk is examined. Chapter 3 examines the relationship between the level of managerial compensation and the quality of corporate governance in Japan in the period follo...
This book contains three Chapters. After the introduction part, Chapter 1 reexamines a bubble that persists towards synchronization risk. We find that a certain condition that usually does not hold is required for the existence of synchronization risk. Chapter 2 presents a model that explains why asset bubbles collapse despite any delay in arbitrage. An endogenous mechanism for bubble bursting that persists under synchronization risk is examined. Chapter 3 examines the relationship between the level of managerial compensation and the quality of corporate governance in Japan in the period following the bubble burst of 1991-95.
Andere Kunden interessierten sich für
