Reputation acquisition in imperfect financial markets
2016
Asano, Koji
This paper incorporates financial market imperfections into the Diamond (1989) model where reputation concerns limit managers’ excessive risk-taking. We show that the reputational discipline collapses because of an increase in pledgeability and a decline in interest rates over time.
Show more [+] Less [-]AGROVOC Keywords
Bibliographic information
Publisher
Elsevier B.V.
Other Subjects
Risk-taking; Low interest rates; G01; G11; Pledgeability; Interest (finance); Reputation
Language
English
Type
Journal Article; Text
2024-02-27
MODS
Data Provider
This bibliographic record has been provided by National Agricultural Library
If you notice any incorrect information relating to this record, please contact us at [email protected]