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Informal Finance and Asymmetric Information: A theory Review
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Informal Finance and Asymmetric Information: A theory Review
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| Creator |
Zhao, Wei
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| Description |
Based on theories of financial inhibition and Transaction Cost Theories, along with the combination of behavior economics, this paper tries to discuss and analyze the nature of informal finance. In china, it is hard to finance for Mid-small business, informal finance has advantage to deal with the capital gap of Mid-small size business as a supplementary means of formal finance which are hard to overcome the problem of adverse selection and moral hazard induced by asymmetric information. we discussed the foundation for existing of informal finance and objective necessity. Based on perspective of asymmetric information, we tried to answer why informal finance still thrived vibrantly on the process of financial deepening.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2017-02-27
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/aef/article/view/2248
10.11114/aef.v4i2.2248 |
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| Source |
Applied Economics and Finance; Vol 4, No 2 (2017); 190-197
2332-7308 2332-7294 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/aef/article/view/2248/2349
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| Rights |
Copyright (c) 2017 Applied Economics and Finance
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