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Financial Communication in the Context of Information Economics

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Financial Communication in Small and Medium-Sized Enterprises

Part of the book series: Business, Economics, and Law ((BEAL))

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Abstract

Chapter 2 is the theoretical section of this work. Based on the problems described in Chapter 1, Chapter 2 stresses the theoretical background of the mentioned problems. Therefore, the chapter starts with a complete overview of the New Institutional Economics. Following this, there is a closer look at the principal-agent approach for analyzing the information asymmetry between management and shareholders.

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Correspondence to Alexander Zureck .

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© 2015 Springer Fachmedien Wiesbaden

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Zureck, A. (2015). Financial Communication in the Context of Information Economics. In: Financial Communication in Small and Medium-Sized Enterprises. Business, Economics, and Law. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-07487-6_2

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