Laboratory experiments in corporate and investment finance: a survey

Charles Cadsby and Elizabeth Maynes
Additional contact information
Elizabeth Maynes: Schulich School of Business, York University, Toronto, Canada, Postal: Schulich School of Business, York University, Toronto, Canada

Managerial and Decision Economics, 1998, vol. 19, issue 4-5, 277-298

Abstract: In this paper the small but growing field of experimental Corporate and Investment Finance is reviewed. Excluded is the large and influential experimental asset market literature. Topics covered include experimental examination of agency problems, the interaction of risk and information choices, laboratory tests of asset pricing theories, experimental examination of financing and dividend decisions in the presence of asymmetric information between managers and investors and tests of game theoretic models of corporate takeovers. In general, studies that allow interactions among participants are more successful at corroborating Finance theories, emphasizing the importance of markets for communicating information among participants. © 1998 John Wiley & Sons, Ltd.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (6)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:19:y:1998:i:4-5:p:277-298

DOI: 10.1002/(SICI)1099-1468(199806/08)19:4/5<277::AID-MDE891>3.0.CO;2-3

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().