Corporate Investments and Finance
介绍企业内部资本配置决策的主要问题，并简要评述《金融管理》企业投资特刊中的三篇论文及相关文献，重点讨论信息不对称对项目选择与融资的影响。
This paper provides an introduction to the main questions involved in intrafirm capital allocation decisions and briefly reviews the three remaining papers in the Corporate Investments Special Issue of Financial Management, as well as some related literature. The focus is on the effect that asymmetric information has on the selection and financing of projects. By asymmetric information, I mean that two parties to a transaction are unequally informed about some outcome.