Disciplining Role of Debts, Information Asymmetry, and Firm Value: Two-Step Generalized Methods of Moments
Objective: According to the pecking order theory, in the context of information asymmetry, debt financing can decrease the adverse selection costs, increase the firm value, and serve as a financial disciplinary device. The main objective of this research is to investigate the effect of the disciplin...
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| Format: | Article |
| Language: | fas |
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University of Isfahan
2020-03-01
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| Series: | Journal of Asset Management and Financing |
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| Online Access: | https://amf.ui.ac.ir/article_24312_b1042fabc61663930f7f0c068b1dec03.pdf |