Enterprise financing decision-making under information asymmetry
- 10.2991/emss-14.2014.14How to use a DOI?
- information asymmetry; small and medium enterprise financing; informal finance; new pecking order theory
in enterprise financing process, information asymmetry is a very outstanding problem influencing financing of small land medium enterprises. For China, information asymmetry existing in small land medium enterprises seriously affects defective, convenient and fast financing of such enterprises. Through theoretical discussion of financing decision-making and activities under information asymmetry of enterprises (especially small land medium enterprises), this paper analyzes various effects of information asymmetry on enterprise financing and then proposes the countermeasures and methods to solve enterprise financing problem under information asymmetry.
- © 2014, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Lin Tao PY - 2014/11 DA - 2014/11 TI - Enterprise financing decision-making under information asymmetry BT - Proceedings of the 2014 International Conference on Economic Management and Social Science PB - Atlantis Press SP - 60 EP - 63 SN - 2352-5398 UR - https://doi.org/10.2991/emss-14.2014.14 DO - 10.2991/emss-14.2014.14 ID - Tao2014/11 ER -