Junda li student number is 20603532 Narayanan, M. P. (1988) ‘Debt versus Equity under Asymmetric Information’ Journal of financial and quantitative analysis In this paper is talking about the debt versus equity under asymmetric information, it is declared that the stranger are less messaged regarding the quality of the companies compare with the insider in a world of asymmetric information, and the asymmetric information theory mentioned that debt, even if the debt is not safe, but it is still…
Words 409 - Pages 2