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.