Should business groups be dismantled? The equilibrium costs of efficient internal capital markets
نویسندگان
چکیده
منابع مشابه
Internal Capital Markets in Business Groups
Business groups are important in many countries. Several studies have looked at the performance and behavior of firms that are members of a business group. This paper looks at the issue in more detail and tries to answer some related questions. First, do business groups really have internal capital markets and do they provide efficient resource allocation (in a view of the controlling sharehold...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2006
ISSN: 0304-405X
DOI: 10.1016/j.jfineco.2005.02.001