Informational Asymmetries, Financial Structure, and Financial Intermediation

Abstract

Hayne E. Leland, David H. Pyle, Informational Asymmetries, Financial Structure, and Financial Intermediation, The Journal of Finance, Vol. 32, No. 2, Papers and Proceedings of the Thirty-Fifth Annual Meeting of the American Finance Association, Atlantic City, New Jersey, September 16-18, 1976 (May, 1977), pp. 371-387