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Understand how financial information flows in a capital market economy, the role of regulatory bodies, intermediaries, and the significance of disclosure for effective capital markets. Learn from Paul Healy & Krishna Palepu's research.
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Why Financial Information is necessary? Flow of capital Household savings Flow of information $ Financial Intermediaries Information Intermediaries Regulators of capital markets and financial institutions Auditors and Accounting regulators Business Firms Financial and information flows in a capital market economy. Paul Healy & Krishna Palepu, 2001. Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature