Locational effects and the cost of corporate bonds: the role of information

2019 ◽  
Vol 59 (S2) ◽  
pp. 1977-2016 ◽  
Author(s):  
Tao Hu ◽  
Xiaolu Hu ◽  
Haozhi Huang ◽  
Jing Shi ◽  
Hua Wang
2011 ◽  
Vol 08 (03) ◽  
pp. 455-467 ◽  
Author(s):  
ERNESTO DAMIANI ◽  
FULVIO FRATI ◽  
ROMARIC TCHOKPON

Information sharing plays a role of paramount importance in modern supply chain environments. In fact, the elements that compose the chain need to share information about sensitive aspects of their business in order to build more accurate and profitable supply plans. In this paper, we describe how the increasing of information released increases the overall economic results of the whole chain, and how this information can be protected, exploiting secure computation techniques, to reduce the risk of data disclosure and prevent quasi-altruistic or selfish behaviors without interfering with the chain's normal operation, and in particular with the minimization of the cost function.


2004 ◽  
Vol 9 (2/3) ◽  
pp. 233-259 ◽  
Author(s):  
Christine A. Botosan ◽  
Marlene A. Plumlee ◽  
Yuan Xie

2016 ◽  
Vol 54 (7) ◽  
pp. 1669-1701 ◽  
Author(s):  
Beatriz Cuadrado-Ballesteros ◽  
Isabel-Maria Garcia-Sanchez ◽  
Jennifer Martinez Ferrero

Purpose – The purpose of this paper is to analyze empirically the fundamental role that information asymmetry plays in the functioning of an efficient capital market as mediator in the relation between corporate disclosures and cost of capital. Design/methodology/approach – By using a sample of 1,260 international non-financial listed companies in the period 2007-2014. Findings – The findings suggest that high-quality financial and social disclosures quality reduce the cost of capital, by decreasing information asymmetry. In other words, the authors find evidence of the mediator role of information asymmetry in the relation between corporate disclosures and the cost of capital. These results are also controlled for differences on accounting standards and other institutional factors. Originality/value – The central assumption is that the demand for corporate disclosures that reduces the information advantages of some investors (who are more informed) arises from agency conflicts and these information differences in turn, determine the cost of capital. This paper is the first attempt to study, jointly, the effects of decreasing information asymmetries by corporate disclosures on the cost of capital in an international setting. In addition, the authors focussed on both financial and social disclosures, creating empirical proxies whose validity for the analysis has been evidenced.


Author(s):  
Geraldine Ryan ◽  
Edward Shinnick

The role and importance of knowledge in economic development is a theme that can be traced back to writers such as Adam Smith, Karl Marx and Joseph Schumpeter. These authors dealt with how knowledge was created, its various uses and how to capture knowledge for gain. Later, writers such as Friedrich Hayek developed this field into areas such as the use of knowledge in society and the role of information in markets. In the economics literature, a critical distinction is made between information and knowledge. Information is seen as data that is out there for most, if not all, to see, whereas knowledge is the use and (unique) interpretation of this data. With the development of the World Wide Web, access to information and the cost of collecting information has changed dramatically. This has implications for its value. Anything that is easy to collect is less valuable than something that is more difficult to collect. Furthermore, something that is valuable will be sought by others and therefore needs to be protected against theft.


2017 ◽  
Vol 16 (2) ◽  
pp. 23-32
Author(s):  
Michał Cupiał ◽  
Anna Szeląg-Sikora ◽  
Sylwester Tabor

Considering the aspect of the role of information in the development of Polish agriculture, one should pay attention to the existing needs in this field, as well as to the existing support mechanisms stimulating the activity of the agricultural producers’ community in obtaining professional information in the form of e.g. consulting or the use of the training offered. At the same time, it should be noted that often the barrier in keeping abreast is not the lack of activity on the part of producers, but the cost associated with it. That is why it is so important to initiate actions, which, on the one hand, serve boosting the efforts of agricultural producers to seek professional knowledge (information), and on the other hand, creating the possibility of compensation for costs incurred in this respect. Given the above, the main objective of this paper is the analysis of the level of implementation of the measures implemented under the Rural Development Programme 2007–2013. The study takes into account the farmers’ computer equipment level and access to the Internet compared to other social groups. Analysis of the distribution of funds to each voivodship showed that the allocation of funds was uneven, and this applied to all analysed measures. In the most part, agricultural producers already have the necessary information infrastructure, but its use is insufficient.


2012 ◽  
Vol 463-464 ◽  
pp. 1030-1034 ◽  
Author(s):  
Chaiyot Peetijade ◽  
Athikom Bangviwat

In Thailand pickup truck is the most popular vehicle both for individual and organization. Manufacturing sector also uses pickup trucks to delivery products. Empty truck run is a major problem for transportation sector which increases transportation cost and inefficient use of energy. This paper attempts to present the information gathered from the survey and to provide general characteristics of pickup truck runs in manufacturing sector. More than 95 percent of backhaul trips using pickup truck were empty. Information of truck trips from each factory is the key point to lower empty miles by joint transportation processes. The survey showed that if the information of empty truck runs was shared and the matching of truck trips was carried out, a total empty mile of 15,161 kilometers out of 220 pairs of matching backhaul trips, or 15.36 percent of total truck runs, could be saved. Consequently, the cost of product will be reduced.


2021 ◽  
Vol 12 ◽  
Author(s):  
Nimrod Rosler ◽  
Boaz Hameiri ◽  
Daniel Bar-Tal ◽  
Dalia Christophe ◽  
Sigal Azaria-Tamir

Members of societies involved in an intractable conflict usually consider costs that stem from the continuation of the conflict as unavoidable and even justify for their collective existence. This perception is well-anchored in widely shared conflict-supporting narratives that motivate them to avoid information that challenges their views about the conflict. However, since providing information about such major costs as a method for moderating conflict-related views has not been receiving much attention, in this research, we explore this venue. We examine what kind of costs, and under what conditions, exposure to major costs of a conflict affects openness to information and conciliatory attitudes among Israeli Jews in the context of the intractable Israeli–Palestinian conflict. Study 1 (N = 255) revealed that interventions based on messages providing information on mental health cost, economic cost, and cost of the conflict to Israeli democracy had (almost) no significant effect on perceptions of the participants of these prices, openness to new information about the conflict, or support for conciliatory policies. However, the existing perceptions that participants had about the cost of the conflict to Israeli democracy were positively associated with openness to alternative information about the conflict and support for conciliatory policies. Therefore, in Study 2 (N = 255), we tested whether providing information about future potential costs to the two fundamental characteristics of Israel, a democracy or a Jewish state, created by the continuation of the conflict, will induce attitude change regarding the conflict. The results indicate that information on the future cost to the democratic identity of Israel significantly affected the attitude of the participants regarding the conflict, while the effect was moderated by the level of religiosity. For secular participants, this manipulation created more openness to alternative information about the conflict and increased support for conciliatory policies, but for religious participants, it backfired. We discuss implications for the role of information about losses and the relationship between religiosity and attitudes regarding democracy and conflict.


2007 ◽  
pp. 70-84 ◽  
Author(s):  
E. Demidova

This article analyzes definitions and the role of hostile takeovers at the Russian and European markets for corporate control. It develops the methodology of assessing the efficiency of anti-takeover defenses adapted to the conditions of the Russian market. The paper uses the cost-benefit analysis, where the costs and benefits of the pre-bid and post-bid defenses are compared.


2017 ◽  
Vol 23 (1) ◽  
pp. 3-8
Author(s):  
R. P. BAIN ◽  
D. P. RAI ◽  
SIDDARTH NAYAK

If we want to convert our rural population into knowledge driven, progressive, self sufficient, self reliant, sustainable society, the role of Information and Communication Technologies (ICT’s) cannot be ignored. Timely availability information is considered as most important factor in Indian agriculture. At present ICT is the technology of this millennium. Transferring the developed technology to all end users is time-consuming and tiresome task and is often not completed due to paucity of resources and lack of manpower. In India, agriculture and rural development has gained significantly from ICT due to its widespread extension and adoption. In this era of internet, ICT is committed to provide real, timely accurate authentic information to the farmers and rural peoples.


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