Governance and Adverse Selection

In this paper, we argue that better corporate governance may reduce information asymmetries among investors. We find that corporate governance affects asset pricing and returns through the channel of adverse selection. Adverse selection has significant additional explanatory power in five-factor regressions in explaining stock returns

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Year of publication:	2018
Authors:	Strobl, Sascha
Other Persons:	Oztekin, Ahmet (contributor)
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Adverse Selektion \| Adverse selection \| Theorie \| Theory \| Corporate Governance \| Corporate governance \| Asymmetrische Information \| Asymmetric information

Extent:	1 Online-Ressource (31 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: International Journal of Finance (2017), 28(3) Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 18, 2017 erstellt
Classification:	G12 - Asset Pricing
Source:	ECONIS - Online Catalogue of the ZBW

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