Information Asymmetry and the Value of Cash

Grüninger, Matthias C.; Hirschvogl, Simone

doi:10.2139/ssrn.967376

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Other Robustness Checks1

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Cited by 12 publications

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“…The dispersion of analysts' estimates has also been used to proxy for information asymmetry in the literature (see Lang and Lundholm 1996;Diether et al 2002;Parkash et al 1995;D'Mello and Ferris 2000;Autore and Kovacs 2006;Gruninger Hirschvogl 2007;Mansi et al 2006;Brick et al 2007). We check the robustness of our results using this alternate measure of asymmetric information as well.…”

Section: Other Robustness Checksmentioning

confidence: 99%