Opacity in Financial Markets
نویسندگان
چکیده
منابع مشابه
Rational Opacity In Private Equity Markets∗
Private equity investments are highly illiquid compared to publicly traded alternatives. We argue that, given this distinguishing characteristic, private equity markets should optimally feature restricted information ows between operators and investors precisely as they do in practice. When secondary market opportunities are likely to be shallow more information can reduce the expected liquidat...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2371384