شماره ركورد :
19641
عنوان به زبان ديگر :
A truthful Screening Mechanism for Improving Information Asymmetry in Initial Public Offering Transactions.
پديد آورندگان :
Zamanian Morteza نويسنده , SEIFI ABBAS نويسنده
از صفحه :
96
تا صفحه :
117
تعداد صفحه :
22
چكيده لاتين :
We propose a mechanism to deal with the asymmetric information which increases the phenomenon of underpricing in the Initial Public Offering (IPO) transactions. In this regard, we develop a truthful screening mechanism by which a screening agent could assess a firm that is going to be public during an IPO. A mathematical model is developed and solved to determine the incentives of these agencies so that they find it optimal to perform truthfully. We also pursue the case of cooperation of n such agents and compare it with the situation in which each agent works independently.
شماره مدرك :
1203641
لينک به اين مدرک :
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