THE ISSUE OF ASYMMETRIC INFORMATION UPON THE CAPITAL MARKET
Journal Title: CES Working Papers - Year 2013, Vol 5, Issue 2
Abstract
The capital market has an important role at the micro and macro economical level, having the capacity to mobilize resources and to place them in a productive manner. The relation between accounting and capital market started to be analyzed from the middle of XXth century, when the investors started to ask more details about the companies’ activity and not just general accounting values. The certainty is nowadays a part of the cost of information which is consciously assumed by the users differently in pre-crisis and crisis time. Informational asymmetry plays a double role through the participants on the capital market: positive one for those who use the lack of information of others with economic responsibility and negative when information holders use them to affect the other participants or users. This paper seeks to examine the impact of financial information on the level of the capital value of the companies in order to evaluate the influence and to establish the measures that must be applied to reduce the asymmetries between different users of that information.
Authors and Affiliations
Olga Pleşco, Ludmila Sobol
Keywords
Related Articles
- EP ID EP151554
- DOI -
- Views 80
- Downloads 0
INTERCULTURAL ISSUES OF THE TOURIST OFFER
Tourism is an opportunity for people from different cultures to meet and interact, to exchange ideas, traditions and ways of thinking. In this industry it is very easy to judge a person just after taking an overall look...
The mechanisms of integration in conditions of asymmetry of innovative development of the EU
The article concerns to methodological and applied aspects of integration mechanisms functioning in the field of innovation activity of the EU countries. Evolution of models of innovative processes and the detailed forms...
CIVIC PARTICIPATION-ELEMENT OF EUROPEAN DEMOCRACY
Democracy is explained by giving the power to the government, with the consent of citizens, expressing their will, directly or indirectly through voting. Promoting and respecting individual and collective rights and free...
Is the EU-Turkey Action Plan an effective or just an apparent solution to the refugee crisis?
European Union and its Member States have tried at least at political level to solve the problem of migrants and refugees inflows coming to Europe from the Middle East trough Turkey and Greece. Latest attempts in this re...
PRINCIPLES OF THE EUROPEAN ADMINISTRATIVE SPACE AND THEIR IMPACT ON PERFORMANCE IN PUBLIC ORGANIZATIONS
The European Union is interested in ensuring that each national administration offers comparable administrative capacity through quality of public services and professionalism from the civil servants. At the same time, t...