Universal banking, asymmetric information and the stock market
نویسندگان
چکیده
منابع مشابه
Tobin’s Q, Asymmetric Information and Aggregate Stock Market Valuations
Estimates of Tobin’s Q for the United States using publicly available data present an apparent puzzle: it is systematically less than unity. This paper sets out a simple model consistent with rational stock market valuation under conditions of asymmetric information that provides a possible explanation of this puzzle JEL Classifications: C32, C53, E44, G10, G14. Estimates of Tobin’s Q for the U...
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Nowadays, banks are considered as one of the major components of the financial system of a country and any deficits and malfunction in the banking system will negatively affect the performance of the real sector. Therefore, there is a need for more investigation on the behavior of banks and factors affecting those behaviors in a country. One of the issues that affect the behavior of banks is sy...
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2017
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2016.09.009