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Insider Investor and Information

Ehsan Azarmsa,Ehsan Azarmsa, Lin William Cong (叢林)   Aug 18,2017

Relationship financing of innovative projects, as is common in bank lending and venture capital, features incumbent financiers' observing interim information... Read More

Dynamic Interventions and Informational Linkages

Steven Grenadier, Yunzhi Hu, Steven Grenadier, Yunzhi Hu, Lin William Cong (叢林)   Dec 30,2016

We model a dynamic economy with strategic complementarity among investors and endogenous government interventions that mitigate coordination failures. We establish... Read More