Multiple Choice
Which of these does not describe the differential information hypothesis?
A) Amount of information available from sources other than accounting reports is an increasing function of firm size
B) The larger the firm,the more information is contained in profits
C) The differential information hypothesis is developed from the theory of transaction costs and different incentives for information search
D) Incentive to undertake research for mispricing is greater for larger firms,given the costs of information search are fixed and constant across firms
Correct Answer:
Verified
Correct Answer:
Verified
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