Three papers on information economics and management accounting

Abstract

This thesis consists of three chapters. The first is entitled ’Sequential Information Acquisition in a Team’, the second ’A sequential information acquisition model with two agents’ and the third is entitled ’Convertible Debt, Ownership Structure and the Accounting System’. All of the three chapters focus on the use of information regarding an investment or converting decision. Information is the key element for efficient decision-making. The precision and, consequently, the extent of the information content is as important for any player in our economy as cost-effectiveness.