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What is Information Asymmetry

Chapter 599
Encyclopedia of Information Science and Technology, Fourth Edition
Information asymmetry deals with the decision of transaction in situations where one party has more information compared to the other.
Published in Chapter:
Financing Micro, Small, and Medium Enterprises in Indian Industry
Shromona Ganguly (Indian Institute of Management Calcutta, India & Reserve Bank of India, India)
Copyright: © 2018 |Pages: 11
DOI: 10.4018/978-1-5225-2255-3.ch599
Abstract
During the last five decades, the micro, small and medium enterprises (MSME) in the Indian economy have emerged as a dynamic, vibrant segment having a significant contribution towards employment generation and entrepreneurship formation. Despite being an important contributor towards the national output and employment of the economy, the MSME sector continues to face a number of challenges choking its growth, of which, credit availability to these enterprises has become one of the most important issues. The existing literature on small firm financing discusses the issues and challenges from a cross-country perspective. There is a lack of detailed research on implications of country specific factors and financial system on small firm financing. The present essay aims to fill this gap by analysing the extent and nature of credit constraint faced by small firms in the manufacturing sector in India and how technology may change the situation in the coming years.
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Chapter 169
Theoretical Perspectives on Social Shopping
The difference in the information between two parties.
Published in Chapter: Theoretical Perspectives on Social Shopping; From: Encyclopedia of E-Commerce Development, Implementation, and Management
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Chapter 12
How Do Financial Constraints and Financial Crises Matter in Cash Management?: Evidence From Developing Asian Economies
Asymmetric information arises when managers have more information about the company's expectations, risks, and value than those outside the company.
Published in Chapter: How Do Financial Constraints and Financial Crises Matter in Cash Management?: Evidence From Developing Asian Economies; From: Handbook of Research on Current Trends in Asian Economics, Business, and Administration
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Chapter 31
Medical Ethical and Policy Issues Arising from RIA
A situation in which one party has more information in a transaction than another party or parties, relative to the transaction.
Published in Chapter: Medical Ethical and Policy Issues Arising from RIA; From: Handbook of Research on Public Information Technology
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Chapter 7
Firm-Specific Moderators in Recovery From Brand Scandals: Insight Into Consumer Markets and Capital Markets
The imbalance in the quality identification by means of signals between the different agents that directly get involved in the market operations.
Published in Chapter: Firm-Specific Moderators in Recovery From Brand Scandals: Insight Into Consumer Markets and Capital Markets; From: Strategies for Business Sustainability in a Collaborative Economy
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Chapter 18
Sustainable Business Initiatives in the Context of Emerging Economies
In economics and contract theory, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other. This creates an imbalance of power in transactions which can sometimes cause the transactions to go awry. Examples of this problem are adverse selection and moral hazard. Most commonly, information asymmetries are studied in the context of principal-agent problems. (Mas-Colell, Whinston & Green, 1995)
Published in Chapter: Sustainable Business Initiatives in the Context of Emerging Economies; From: Handbook of Research on Green ICT: Technology, Business and Social Perspectives
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Chapter 8
How the Global Financial Crisis and International Trade Affected Corporate Decisions?: International Evidence
Asymmetric information arises when managers have more information about the company's expectations, risks, and value than those outside the company.
Published in Chapter: How the Global Financial Crisis and International Trade Affected Corporate Decisions?: International Evidence; From: Impact of Global Issues on International Trade
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Chapter 8
Economic AI Literacy: A Source of Competitive Advantage
Situation in an economic transaction where one party has more or better information than the other.
Published in Chapter: Economic AI Literacy: A Source of Competitive Advantage; From: Handbook of Research on Applied AI for International Business and Marketing Applications
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Chapter 2
Accountability via Financial Disclosures: An Exploration of the Public's Perceptions
A situation where, for two or more parties which have competing or common goals, at least one party possess “private” information unknown to but beneficial to the other party or parties.
Published in Chapter: Accountability via Financial Disclosures: An Exploration of the Public's Perceptions; From: Modernization and Accountability in the Social Economy Sector
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Chapter 36
Hollywood in the Classroom: A Resource for Teaching Business Ethics to Undergraduates
A condition in which all market participants do not have access to the same information, which can lead to one party taking advantage of another.
Published in Chapter: Hollywood in the Classroom: A Resource for Teaching Business Ethics to Undergraduates; From: Handbook of Research on Teaching Ethics in Business and Management Education
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Chapter 4
Earnings Management and Stock Liquidity: Evidence From Turkey
Possession of superior information by some parties about the subject of an economic transaction.
Published in Chapter: Earnings Management and Stock Liquidity: Evidence From Turkey; From: Comparative Research on Earnings Management, Corporate Governance, and Economic Value
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Chapter 119
Online P2P Lending: Factors, Behaviors, and Mechanisms
A phenomenon that occurs when one party has more or better information than the other.
Published in Chapter: Online P2P Lending: Factors, Behaviors, and Mechanisms; From: Encyclopedia of E-Commerce Development, Implementation, and Management
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Chapter 2
Redefining the 21st Century Labor Paradigm: Role of Contingent Workforce in the Indian Economy
One party has more or better access to information than the other, thereby creating a power imbalance in economic/social transactions.
Published in Chapter: Redefining the 21st Century Labor Paradigm: Role of Contingent Workforce in the Indian Economy; From: Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization
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