• Asymmetric information and employment: evidence from the U.S. banking sector.

      Apergis, Nicholas; Fafaliou, Irene; Stefanitsis, marinos; University of Piraeus; University of Piraeus; National Bank of Greece (Elsevier., 2016-09-22)
      The goal of this paper is to analyze and assess the role of asymmetric information for employment performance in the case of the U.S. banking industry. To this end, the analysis performs a number of methodological approaches, such as panel cointegration and long- and short-run panel causality, spanning the period 2000–2013. The findings provide evidence that asymmetric information exerts a negative effect on employment. The results remain robust after the implementation of further checks.