Corporate Policies in a World with Information Asymmetry

Vipin K Agrawal and Ramesh K S Rao
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Vipin K Agrawal: University of Texas at San Antonio, USA
Ramesh K S Rao: University of Texas at Austin, USA

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: A corporate manager typically oversees several ongoing projects and has the opportunity to invest in new projects that add wealth to the stockholders. Such new projects include expanding the corporation's existing business, entering into a new line of business, acquiring another business, and so on. If the firm does not have sufficient internal capital (cash) to finance the initial investment, the manager must enter into a transaction with outside investors to raise additional funds.

Keywords: Information Asymmetry; Financing Decisions; Capital Structure; Dividend Policy (search for similar items in EconPapers)
Date: 2015
ISBN: 9789814551304
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https://www.worldscientific.com/worldscibooks/10.1142/8941 (text/html)
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Chapters in this book:

Ch 1 Introduction , pp 1-6

Vipin K Agrawal and Ramesh K S Rao

Ch 2 Firm and Its Capital Needs , pp 9-12

Vipin K Agrawal and Ramesh K S Rao

Ch 3 Outside Investors and Securities , pp 13-17

Vipin K Agrawal and Ramesh K S Rao

Ch 4 Raising Capital , pp 19-22

Vipin K Agrawal and Ramesh K S Rao

Ch 5 Information and Decision-Making with Symmetric Information , pp 25-31

Vipin K Agrawal and Ramesh K S Rao

Ch 6 Optimal Capital-Raising Decisions and their Implications for Firm Policies , pp 33-36

Vipin K Agrawal and Ramesh K S Rao

Ch 7 Information and Decision-Making with Information Asymmetry , pp 39-43

Vipin K Agrawal and Ramesh K S Rao

Ch 8 Optimal Capital-Raising Decisions and their Implications: Any Security Space , pp 45-63

Vipin K Agrawal and Ramesh K S Rao

Ch 9 Additional Implications Specific to the Debt–Equity Security Space , pp 65-85

Vipin K Agrawal and Ramesh K S Rao

Ch 10 Numerical Illustrations of Key Financing Policy Results under the Debt–Equity Security Space , pp 87-100

Vipin K Agrawal and Ramesh K S Rao

Ch 11 Empirical Predictions and Implications for Practitioners: Debt–Equity Security Space , pp 101-115

Vipin K Agrawal and Ramesh K S Rao

Ch 12 Concluding Remarks , pp 117-119

Vipin K Agrawal and Ramesh K S Rao

Ch 13 Appendix , pp 121-151

Vipin K Agrawal and Ramesh K S Rao

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