Эксоцман
на главную поиск contacts

Are Internal Capital Markets Efficient?

Опубликовано на портале: 14-06-2006
Quarterly Journal of Economics. 1998.  Vol. 113. No. 2. P. 531-552. 
Using segment information from Compustat, we find that the investment by a segment of a diversified firm depends on the cash flow of the firm's other segments, but significantly less than it depends on its own cash flow. The investment by segments of highly diversified firms is less sensitive to their cash flow than the investment of comparable single-segment firms. The sensitivity of a segment's investment to the cash flow of other segments does not depend on whether its investment opportunities are better than those of the firm's other segments.

Ссылки
http://web14.epnet.com/citation.asp?tb=1&_ug=sid+CD5E5331%2DA234%2D4908%2D8722%2DA26C51FF509E%40sessionmgr3+dbs+aph%2Cbth%2Cf5h+cp+1+341B&_us=mh+1+frn+11+hd+False+hs+False+or+Date+mdbs+aph%2Cbth%2Cf5h+fh+False+ss+SO+sm+ES+sl+%2D1+dstb+ES+sel+False+ri+KAAACBWB00049061+3684&_usd=0000&_uso=tg%5B2+%2D+tg%5B1+%2D+tg%5B0+%2DTI+db%5B2+%2Df5h+db%5B1+%2Dbth+db%5B0+%2Daph+hd+False+clv%5B1+%2DY+clv%5B0+%2DY+op%5B2+%2DAnd+op%5B1+%2DAnd+op%5B0+%2D+cli%5B1+%2DRV+cli%5B0+%2DFT+st%5B2+%2D+st%5B1+%2D+st%5B0+%2Dinternal++capital++market+0CB0&fn=11&rn=13
BiBTeX
RIS
Ключевые слова

См. также:
Naveen Khanna, Sheri Tice
Journal of Finance. 2001.  Vol. 56. No. 4.
[Статья]
Adolfo De Motta
Journal of Finance. 2003.  Vol. 58. No. 3. P. 1193-1220. 
[Статья]
Marc Deloof
Journal of Business Finance & Accounting. 1998.  Vol. 25. No. 7/8. P. 945-968. 
[Статья]
Mihir A. Desai, C. Fritz Foley, James R. Hines
Journal of Finance. 2004.  Vol. 59. No. 6. P. 2451-2487. 
[Статья]
Julia Porter Liebeskind
Organization Science. 2000.  Vol. 11. No. 1. P. 58-77. 
[Статья]
David S. Scharfstein, Jeremy C. Stein
Journal of Finance. 2000.  Vol. 55. No. 6. P. 2537-2565. 
[Статья]
Murillo Campello
Journal of Finance. 2002.  Vol. 57. No. 6. P. 2773-2805. 
[Статья]