THE IMPACT OF INFORMATION ASYMMETRY ON THE USE OF SHORT-TERM DEBT IN SELECTED EUROPEAN STATES
The article analysed the relation between the degree of information asymmetry and the scope of the use of short-term debt by companies from 5 European countries: France, Greece, Germany, the United Kingdom and Italy.Information asymmetry was measured by Synthetic Measure of the Degree of Information Asymmetry, which was constructed on the basis of