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https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3888| Title: | Information Asymmetry and the Role of Regulations: A Corporate Governance Perspective |
| Authors: | Basu, Debarati |
| Keywords: | Consumption Capital market Information asymmetry Investment stock exchanges Securities Exchange Board of India (SEBI) Sarbanes-Oxley Act of the US (SOX) |
| Issue Date: | Apr-2022 |
| Publisher: | The Financial Research and Trading Laboratory (FRTL), IIM Calcutta |
| Abstract: | On the one hand, there are individuals and institutions looking for opportunities to invest their savings and increase their future consumption ability. On the other hand, there are people with business ideas worth investing in but not enough money to meet the investment need. These people, often managers and entrepreneurs, are looking for ways and means to raise funds for their investment idea. Capital markets help the two hands meet by matching the demand and supply of money. Capital market efficiency requires a smooth flow of capital from the investors to the managers and entrepreneurs. However, the effective allocation of capital is hampered by information asymmetry. Full information on investment options is available only to the insiders (management/entrepreneurs), but the investment decision is taken by the outsider (savers). |
| Description: | Biosketch: Dr. Debarati Basu is an Associate Professor of Finance, Accounting, and Control at the School of Management and Entrepreneurship, Shiv Nadar University. Previously, she was a faculty member at XLRI and IIM Bangalore. She also has worked briefly in banking. Her broad research interests include accounting, corporate governance, corporate finance, corporate social responsibility, and organization structures. Her co-authored articles are published in the Journal of Contemporary Accounting and Economics, Global Business Review, and Finance India. She has won many academic awards. She enjoys spending her spare time traveling, reading, and playing multiple sports. She is also an IIM Calcutta Alumnus (Ph.D. 2016) and an editorial board member of A₹tha. |
| URI: | https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3888 |
| Appears in Collections: | Issue 1, April 2022 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Information Asymmetry and the Role of Regulations.pdf | Information Asymmetry and the Role of Regulations: A Corporate Governance Perspective | 13.96 MB | Adobe PDF |  View/Open |
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