Въздействие на информационната асиметрия върху финансовите пазари и хипотези за ограничаване на финансирането на малките и средни предприятия (МСП)
The Impact of Information Asymmetry on Financial Markets and Hypotheses for Rationing of Assets to Finance for the Small and Medium-Sized Enterprises

Summary/Abstract: The aim of the paper is to draw up hypotheses that intend to answer the question why the small and medium sized enterprises are of greater degree affected by the problems of financing than the larger- scale companies. The author makes his assumptions on the basis of some fundamental issues of representatives of the school of the new institutional economists on the problem of information asymmetry like: O. Williamson, Arrow, Akerlof, Stiglitz and Weiss, Bester, Besanko and some others. The analysis also concerns some peculiar features of the small businesses that makes them in a greater degree affected by the uneven distribution of information and hence, in a greater degree affected by the problems of financing.

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