This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business …

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

multiplant firm under conditions of demand uncertainty. It shows that asymmetric information between headquarters and individual …

this incentive problem through a commitment to share with other lenders their private information about the quality of … encourages borrowers to perform better. As a result, information sharing among banks has two opposite effects on their profits …: the borrowers' higher effort levels raise current profits (while each bank retains an informational advantage), but the …

information about their clients’ creditworthiness, we show that banks may loosen lending standards when information asymmetries …

We present a model with adverse selection where information sharing between lenders arises endogenously. Lenders …' incentives to share information about borrowers are positively related to the mobility and heterogeneity of borrowers, to the … size of the credit market and to advances in information technology; on the other hand, such incentives are reduced by the …

banks to have private information about the risk of their assets. We show how banks' asset risk affects funding liquidity in …