Corporate Investment and Financing Under Asymmetric Information

By Erwan Morellec, N. Schürhoff. 2011

236 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/32b9f514ca93a521c08ec0e2b1bf21ecfe007fef

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Dirk Hackbarth
2. David C. Mauer
3. Ilya A. Strebulaev
4. Syed Aliya Zahera
5. Rohit Bansal

In Finance

1. Dirk Hackbarth
2. David C. Mauer
3. Syed Aliya Zahera
4. Rohit Bansal

Citations in the corpus

• Real Options Signaling Games with Applications to Corporate Finance (2011, unknown): “Bustamante (forthcoming) and Morellec and Schürhoff (2011) find that asymmetric information speeds up investment as the firm attempts to signal better quality and thereby secure cheaper financing.”
• Optimal Priority Structure, Capital Structure, and Investment (2012, background): “Myers (1977) underinvestment and Jensen and Meckling (1976) overinvestment incentives arise endogenously in the model and are driven by the firm’s initial capital structure and the debt-equity mix used to finance the growth option.”