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| DCフィールド | 値 | 言語 |
|---|---|---|
| dc.contributor.author | Shibata, Takashi | en |
| dc.contributor.alternative | シバタ, タカシ | ja |
| dc.contributor.transcription | シバタ, タカシ | ja-Kana |
| dc.date.accessioned | 2007-02-26T06:44:59Z | - |
| dc.date.available | 2007-02-26T06:44:59Z | - |
| dc.date.issued | 2004 | - |
| dc.identifier.citation | Takashi Shibata; â On the Pricing of Corporate Value under Information Asymmetryâ , The Kyoto Economic Review, Vol. 73, pp.87-107 (2004) . | - |
| dc.identifier.issn | 1349-6778 | - |
| dc.identifier.uri | http://hdl.handle.net/2433/24834 | - |
| dc.description.abstract | This paper examines the corporate value of a decentralized firm in the presence of principal-agent conflicts due to information asymmetries. When owners delegate the management to managers, contracts must be designed to provide incentive for managers to truthfully reveal private information. Using a contingent claims approach, we demonstrate that an underlying option value of the firm can be decomposed into two components: a managerâ s option and an ownerâ s option. The value of a decentralized firm is lower than that of an owner-managed firm. In particular, the implied managerâ s decisions in a decentralized firm differ significantly from those in an owner-managed firm. | en |
| dc.format.extent | 1714589 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | eng | - |
| dc.publisher | Graduate School of Economics, Kyoto University | en |
| dc.subject | option pricing | en |
| dc.subject | principal-agent conflicts | en |
| dc.subject | information asymmetries | en |
| dc.subject.ndc | 330 | - |
| dc.title | On the Pricing of Corporate Value under Information Asymmetry | en |
| dc.type | journal article | - |
| dc.type.niitype | Journal Article | - |
| dc.identifier.ncid | AA12010346 | - |
| dc.identifier.jtitle | The Kyoto Economic Review | en |
| dc.identifier.volume | 73 | - |
| dc.identifier.issue | 2 | - |
| dc.identifier.spage | 87 | - |
| dc.identifier.epage | 107 | - |
| dc.textversion | publisher | - |
| dc.sortkey | 03 | - |
| dc.identifier.selfDOI | 10.11179/ker.73.87 | - |
| dcterms.accessRights | open access | - |
| dc.identifier.pissn | 1349-6786 | - |
| 出現コレクション: | Vol.73 No.2 | |
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