search query: @author Narayanan, M. P. / total: 6
reference: 4 / 6
| Author: | Narayanan, M. P. |
| Title: | Debt versus equity under asymmetric information. |
| Journal: | Journal of Financial and Quantitative Analysis
1988 : MAR, VOL. 23:1, p. 39-51 |
| Index terms: | CAPITAL STRUCTURE OF COMPANIES |
| Language: | eng |
| Abstract: | A review of the advantage of debt in keeping unprofitable firms out of the market and improving the average quality of firms in the market. The model. Equity financing. Debt financing and conclusions. Four propositions and proof. |
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