出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：The existence of information asymmetry implies that financial market participants are not informed enough to take all optimal decisions that bring the best results and this may lead to erroneous transactions and losses. Issues related to information asymmetry may occur before taking a decision to invest through adverse selection or later through moral hazard. The analysis focuses on the relation between the cost of financing proxied by the weighted-average cost of capital and the information asymmetry by studying a sample of listed companies on the regulated market of the Bucharest Stock Exchange (BSE).
关键词：weighted-average cost of capital; information asymmetry; cost of equity; cost of debt.
