How alternative finance informs central themes in corporate finance
Research output: Contribution to journal › Article › peer-review
This paper investigates three areas of corporate finance, and the role of alternative finance in contributing to our understanding of these areas. First, we look at disclosure, information asymmetry, and adverse selection, and how different alternative finance solutions are used to mitigate these issues. Second, we examine moral hazard and risk taking and how these behaviours are shaped by new types of alternative finance. Third, we consider the role of control rights, and show how their importance varies by context including types of alternative finance and the country-level institutional setting.
|Number of pages||8|
|Journal||Journal of Corporate Finance|
|Early online date||4 Jan 2021|
|Publication status||Published - Apr 2021|
- Peer-to-peer lending, Fintech, Cryptocurrencies, ICOs, Digital finance, Alternative finance