Information Asymmetry

Information Asymmetry

by Anthony J Cataldo II
     
 

ISBN-10: 0762308745

ISBN-13: 9780762308743

Pub. Date: 11/28/2003

Publisher: Elsevier Science

This monograph will be of greatest interest to business researchers (financial/managerial accounting, economics and financial economics, marketing and management), but also to those interested in the related corporate governance ad public policy issues (political science and law).  See more details below

Overview

This monograph will be of greatest interest to business researchers (financial/managerial accounting, economics and financial economics, marketing and management), but also to those interested in the related corporate governance ad public policy issues (political science and law).

Product Details

ISBN-13:
9780762308743
Publisher:
Elsevier Science
Publication date:
11/28/2003
Series:
Studies in Managerial and Financial Accounting Series, #13
Pages:
326
Product dimensions:
6.53(w) x 9.09(h) x 1.16(d)

Table of Contents

List of Figures, Tables and Exhibits
Preface
Acknowledgments
Ch. 1Introduction1
Sect. IAgency Theory and Principal-Agent Problems
Ch. 2Adverse Selection13
Ch. 3Moral Hazard27
Sect. IIThe Efficient Markets Hypothesis and Market Efficiency
Ch. 4Public Information51
Ch. 5Private Information63
Sect. IIITheory Integration: Information Asymmetry
Ch. 6Summary and Integration of Theory85
Sect. IVCase Studies
Ch. 7Detailed Case Study 1: Purchasepro (NASDAQ NM: PPRO)97
Ch. 8Detailed Case Study 2: Universal Express (OTC BB: USXP)119
Ch. 9Cases Listed on the Silicon Investor (SI) Stock-Chat Message Board133
Ch. 10Summary149
App. Ch. 7.1Selected (January 2001 Through May 2002) Purchasepro News Releases & Articles155
App. Ch. 7.2Illustrations of Asymmetric Information: Successful Releases of Private Misinformation Leading to Stock PPS Increases161
App. Ch. 8.1Message Board Posts - Allegedly from the CEO of Universal Express197
App. Ch. 8.2Selected (January Through September 2001) USXP News Releases & Articles201
App. Ch. 8.3Information and Misinformation Signals in the Form of Cybersmear207
App. Ch. 8.4Market Maker Manipulation (MMM)213
App. Ch. 9.1Non-Randomly Selected Summaries of 126 Cases225
Annotated Bibliography257
Acronyms261
Glossary of Selected Terms265
Notes275
References283
Index295

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