search query: @indexterm Banks / total: 1629
reference: 281 / 1629
Author: | Barron, J. Valev, N. |
Title: | International lending by US banks |
Journal: | Journal of Money, Credit and Banking
2000 : AUG, VOL. 32:3, PART 1, p. 357-381 |
Index terms: | INTERNATIONAL USA BANKS |
Language: | eng |
Abstract: | This paper develops a portfolio choice theory in which the sequential order of decision makers is endogenously determined. The authors examine investors' choices of either purchasing current information concerning the return on an investment or waiting and laber basing their investment on information inferred from the investment decisions of others. Because the quality of that inference increases in the number of investors who purchase information, those with the least to gain from such information may find it advantageous to wait and invest later. |
SCIMA