10.26180/5dea1b48e305a
TIM KOOIJMANS
TIM
KOOIJMANS
Costs of the Information Advantage of Financial Intermediaries
Monash University
2019
financial intermediation
information advantage
monitoring
financial history
Financial Economics
2019-12-06 09:11:35
Thesis
https://bridges.monash.edu/articles/thesis/Costs_of_the_Information_Advantage_of_Financial_Intermediaries/11335553
As delegated monitors on behalf of investors, financial intermediaries minimize the cost of monitoring, which helps to resolve incentive problems between borrowers and lenders. However, the resulting information advantage of the intermediary creates new challenges. This thesis empirically investigates adverse effects of the information advantage of financial intermediaries, by combining finance research with historical research.