Information asymmetry and information sharing

Clarkson, Gavin; Jacobsen, Trond E.; Batcheller, Archer L.

doi:10.1016/j.giq.2007.08.001

Cited by 75 publications

(51 citation statements)

References 22 publications

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“…The calculated 2 value is compared with the table 2 value for n-1 degrees of freedom and confidence probability (P = 0.95 or P = 0.99). If 2 > 2 , then the coefficient of concordation is true, but if 2 < 2 , then it is necessary to increase the number of experts.…”

Section: Analysis Of Results and Construction Of Schemes For The Corrmentioning

confidence: 99%

Method of Delphi as an innovative tool for managing asymmetric information in financial relationships of potential investors and small business entities

Pedchenko¹,

Trade²,

Strilets³

et al. 2018

MMI

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The problem of information asymmetry is a key obstacle in attracting external investment into small businesses. Especially important is management of asymmetricity of the information of the primary awareness about the investment climate of the small business at the stage of the search by the investor of a perspective project for funding. Among other sources of information, international rankings are important tools for minimizing asymmetric information, but their realism and reliability need to be checked. It is identified in the work that some ratings characterize Ukraine as a high-risk and non-contributing country for investing, at the same time, the other ratings create an attractive image of Ukraine. For determining the submissions of such ratings the article proposes an experiment on the STUDY of the conformity of indicators of international rankings to the real state and availability of financial support of small business. The results of the experiment highlight the importance of international rankings as a source for information about the investment attractiveness of small business, but conducted by the method of Delphi survey of experts with many years of experience in the field of small business, allows us to identify significant discrepancy between their scoring of respondents and indicators of ranks, stated in the reports of international organizations. Application of the coefficient of concordance in determining the consistency of opinion of the surveyed experts allowed to obtain reliable data for the making future government decisions. Based on the obtained results and the visualization of the existing information asymmetry in the financial interaction of a potential investor and a small business, the directions of asymmetric information management and proposed measures to minimize the risks associated with the limited and inaccurate information are substantiated.Introduction. The Eurointegration orientation of Ukraine opens up new opportunities and prospects for small business, along with this the actual problem of their financial support is upgraded because, in order to compete in the European market, it is necessary to meet its quality standards, which entails significant monetary injection for activity improvement. Given the limited equity capital for doing business, the possibility of attracting funds from foreign investors is becoming the most attractive prospect of financial security. However, the problem of informational asymmetry in the financial interaction of an actual or potential investor and a small business arises in the process of implementing an investment project as a result of lack of unified information bases, significant costs of obtaining information, unreliability, Marketing and Management of Innovations, 2018, Issue 3 69 http://mmi.fem.sumdu.edu.ua/en incompleteness and non-transparence of information provided to investors. The insufficient volume of received information carries great risks and reduces the willingness of investors to invest in the early stage of financing busi...

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Section: Analysis Of Results and Construction Of Schemes For The Corrmentioning

confidence: 99%

Method of Delphi as an innovative tool for managing asymmetric information in financial relationships of potential investors and small business entities

Pedchenko¹,

Trade²,

Strilets³

et al. 2018

MMI

View full text Add to dashboard Cite

show abstract

“…Determines the degree to which subordinates communicate information about local conditions to their superiors Vertical information sharing exists when valuable information is spread throughout the organization. When information sharing does not occur, one individual may have more information than another, and none can have a complete set of information (Clarkson, Jacobsen, and Batcheller, 2007). Parker and Kyj (2006) Managerial Attitude (MA)…”

Section: Moynihan and Pandeymentioning

confidence: 99%

Effects of Job Involvement, Managerial Attitudes, and Information Sharing on Controllers› Performance in the Budgetary Context

Lunardi

Zonatto

NASCIMENTO

2019

RBGN

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Purpose -This study investigates the intervening effects of job involvement, managerial attitudes, and information sharing in the relationship between the budget participation and managerial performance of controllers of companies operating in Brazil.Design/methodology/approach -Descriptive research was performed through a survey with 318 respondents with budgetary responsibility in companies operating in Brazil. The individuals participating in the study carry out the role of controller, controller manager, or controller coordinator. The theoretical relations investigated in this research were tested using the structural equation modeling technique.Findings -The results showed that budget participation positively influences job involvement, which showed a direct and indirect influence on managerial performance, mediated by managerial attitudes. Job involvement influences controllers' managerial attitudes and their willingness to share information with superiors. However, vertical information sharing does not have a direct influence on managerial performance.Originality/value -The aim is to contribute to the existing knowledge related to this subject, by providing evidence of the effects of controllers' budgetary participation on their job involvement. The expectation is to produce evidence of the direct and indirect effects of involvement in the relationship between budget participation and managerial performance, mediated by managerial attitudes towards the budget and the willingness to share information with superiors.

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“…Without an intermediary, such people would be exposed to information asymmetries, bounded rationality, and opportunistic behaviour that characterise an imperfect market (Allen & Santomero, 1998). Information asymmetries arise when people fail to engage successfully in financial transactions because they lack adequate information about the intentions and ability of others to honour their obligations (Clarkson, Jacobsen, & Batcheller, 2007). In an imperfect market, some economic actors may take advantage of others out of self-interest (opportunistic behaviour) while other economic actors make irrational decisions due to limited information, time, and cognitive ability (bounded rationality).…”

Section: Mfis and The Need For Youth Tailored Innovationsmentioning

confidence: 99%

Young entrepreneurs in Sub-Saharan Africa

Bourdillon

2017

Children's Geographies

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Information asymmetry and information sharing

Cited by 75 publications

References 22 publications

Method of Delphi as an innovative tool for managing asymmetric information in financial relationships of potential investors and small business entities

Method of Delphi as an innovative tool for managing asymmetric information in financial relationships of potential investors and small business entities

Effects of Job Involvement, Managerial Attitudes, and Information Sharing on Controllers› Performance in the Budgetary Context

Young entrepreneurs in Sub-Saharan Africa

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