INFORMATION ASYMMETRY, INFORMATION PRODUCTION, TYPES OF EXTERNAL FINANCING, AND POST-ISSUE PERFORMANCE

2013 ◽  
Vol 13 (1) ◽  
pp. 75-90 ◽  
Author(s):  
Bingsheng Yi ◽  
Scott Besley ◽  
Christos Pantzalis
Keyword(s):  
Information Asymmetry ◽  
Information Production ◽  
External Financing ◽  
Asymmetry Information

scholarly journals Horizontal arrangements: strategy for reducing the asymmetry information for dairy farmers in Paraná, Brazil

2015 ◽  
Vol 45 (11) ◽  
pp. 2069-2075 ◽  
Author(s):  
Marcel Moreira de Brito ◽  
Ferenc Istvan Bánkuti ◽  
Sandra Mara Schiavi Bánkuti ◽  
Maria Clara Melo Ferreira ◽  
Júlio César Damasceno ◽  
...  
Keyword(s):  
Factor Analysis ◽  
Information Asymmetry ◽  
Exploratory Factor Analysis ◽  
Empirical Investigation ◽  
Production Systems ◽  
Second Step ◽  
Access To Information ◽  
Dairy Farmers ◽  
Asymmetry Information ◽  
Geographical Regions

An empirical investigation was conducted to study whether dairy farmers involved in horizontal arrangements (HA) have lower information asymmetry than those who do not participate in HA. Our assumption is that greater access to information results in fewer risky decisions in production systems. One hundred and twenty semi-structured questionnaires were applied to dairy farmers located in four different geographical regions in Paraná State, Brazil. Exploratory factor analysis was used to define factors related to information asymmetry in dairy agribusiness system (DAS) and four factors were defined. In a second step, the 120 dairy farmers were split into two groups: the first one involved in HA and the second one not involved in HA. Mean test (t-student) were performed to compare these groups between factors. Significant differences (P<0.05) were observed for factors related to transaction information and for general market information, and dairy farmers participating in HA achieved the greatest values. Finally, it can be concluded that dairy farmers who participate in HA have higher access to information, which can create an environment with lower information asymmetry and, consequently, be subject to lower risks than dairy farmers who do not participate in HA

scholarly journals Information Asymmetry, Information Precision, and the Cost of Capital*

2011 ◽  
Vol 16 (1) ◽  
pp. 1-29 ◽  
Author(s):  
Richard A. Lambert ◽  
Christian Leuz ◽  
Robert E. Verrecchia
Keyword(s):  
Information Asymmetry ◽  
Cost Of Capital ◽  
Asymmetry Information ◽  
Information Precision ◽  
The Cost

scholarly journals Alleviating Financing Constraints of SMEs through Supply Chain

2019 ◽  
Vol 11 (3) ◽  
pp. 673 ◽  
Author(s):  
Yang Yang ◽  
Xuezheng Chen ◽  
Jing Gu ◽  
Hamido Fujita
Keyword(s):  
Supply Chain ◽  
Information Asymmetry ◽  
Private Information ◽  
Developing Economies ◽  
Management Strategies ◽  
External Financing ◽  
Information Structures ◽  
Developed Economies ◽  
Credit Risks ◽  
Risk Management Strategies

Small and medium-sized enterprises play a crucial role in sustaining economic development in both developed economies and developing economies, however, many of them suffer from chronic and structural difficulties in accessing external financing. In this paper, we develop a theoretical framework to illustrate how information structures work in the strategic interactions between banks and firms in a supply chain, and why the transaction information in a supply chain may serve to reduce information asymmetry and improve SMEs’ access to external financing. We find that under incomplete information, the transactions between SMEs and suppliers can serve as signals for banks, which may help banks access the private information of SMEs, thus reducing information asymmetry between them. To maximize profit, banks should dynamically adjust both their interest rate policies and risk management strategies when providing financing services to SMEs, according to the structure of the financial market. The improvement of the external financial environment for SMEs may benefit the entire supply chain, thus facilitating its sustainable development and the growth of SMEs. Our framework sheds light on how SMEs in a supply chain may enhance their survivability and facilitate their development through appropriate strategies to improve business performances and manage credit risks.

scholarly journals Research on the Information Tracing Model for Cross-border E-commerce Products based on Blockchain

2021 ◽  
Vol 235 ◽  
pp. 03018
Author(s):  
Zheng Hua ◽  
Keran Be ◽  
Qinwen Shi
Keyword(s):  
Supply Chain ◽  
Information Asymmetry ◽  
Product Information ◽  
Asymmetry Information ◽  
Cross Border ◽  
Smart Contract ◽  
Regulatory Cost ◽  
Fast Development ◽  
Effective Role ◽  
Information Tracing

Information asymmetry, information island, high regulatory cost, etc., emerge from the fast development of cross-border e-commerce in China, for which the blockchain, with its capabilities in information sharing, information traceability, smart contract, and so on, can play an effective role in product information tracing. Based on blockchain, this paper builds the product information tracing model using information chains of two different degrees of openness. The model includes the three major bodies of cross-border e-commerce—the supply chain alliance, the consumers and the regulatory departments, so as to produce information tracing, ensure information authenticity and integrity, and be applicable to all kinds of e-commerce platforms.

Sign in / Sign up

Export Citation Format

Share Document