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Firm heterogeneity and adverse selection in external finance : micro evidence and macro implications / Xing Guo, Pablo Ottonello, Thomas Winberry, Toni Whited.: FB3-5/2025-20E-PDF

"We study the macroeconomic consequences of asymmetric information between firms and external investors. To do so, we develop a heterogeneous firm macro model in which firms have private information about their quality"--Abstract, page ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.954499&sl=0

Publication information
Department/Agency
  • Bank of Canada, author.
TitleFirm heterogeneity and adverse selection in external finance : micro evidence and macro implications / Xing Guo, Pablo Ottonello, Thomas Winberry, Toni Whited.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2025-20
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: August 13, 2025."
  • Includes bibliographical references (pages 44-45).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2025.
  • ©2025
Author / Contributor
  • Guo, Xing, author.
Description1 online resource (iii, 74 pages) : graphs.
Catalogue number
  • FB3-5/2025-20E-PDF
Subject terms
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