FINANCE
Edited by R.A. Jarrow, V. Maksimovic and W.T. Ziemba
CHAPTER 23
Financing Investment Under Asymmetric Information
K. Daniel and S. Titman
1. Introduction*
2. Model description
3. Analysis of the model
4. Further extensions of the model strategy space
5. Money burning models in the finance literature
6. Debt and the pecking order hypothesis
7. Conclusions
Acknowledgements
Appendix A - Proofs of propositions
Appendix B - The efficient combination of signals
References
* The first two pages of the chapters are available as PDF file.
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