Art investment and asymmetrical information
β Scribed by Richard B. Coffman
- Publisher
- Springer US
- Year
- 1991
- Tongue
- English
- Weight
- 654 KB
- Volume
- 15
- Category
- Article
- ISSN
- 0885-2545
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
We study the cost-of-adjustment model of investment when there is asymmetry of information between owners (the principal) and managers (the agent). Information asymmetry distorts the relationship between investment and the cost of capital for all agent types, and a regime of inaction appears over a
## Abstract This article explicates the common ground between two currently independent fields of inquiry, namely information arts and information science, and suggests a framework that could unite them as a single field of study. The article defines and clarifies the meaning of information art and