作者：Chuang, YC
作者单位：National Chengchi University
摘要：In contrast with other trade and growth theories in previous literature, I present a growth theory of trade-induced learning: Other things being equal, two conditions are essential for trade-induced learning. First, both exports and imports are equally important sources and are mutually reinforced in intensifying the learning process. Moreover, the nature or characteristics of these traded goods also influence the effect of learning. Second, trade openness is a prerequisite but not a sufficien...
作者：Bajaj, M; Chan, YS; Dasgupta, S
作者单位：Hong Kong University of Science & Technology
摘要：We develop a signaling model to show how adverse selection and moral hazard interact to determine a firm's ownership structure and financing and investment decisions endogenously. Testable implications are derived regarding the relationship between insider ownership, performance measures such as Tobin's Q ratio, and elements of financial structure such as the debt-equity ratio.
