Results 11 to 20 of about 4,743,597 (208)
Reallocation of Capital and Labor within Firms
Summary Understanding how internal capital and labor markets function sheds light on one of the most fundamental questions in economics: what determines the boundaries of the firm?
Holger Mueller
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Firm size sensitivity on the correlation between financing choice and firm value
This study examines the impact of firm size on the effect of capital structure choice on the firm value in one of the emerging markets, Indonesia.
Yossi Diantimala +3 more
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The financialization genesis of the global economy centered in the United States is on the bifurcation point now— a fictive capital’ expansion is damaging with the social capital regeneration mechanism disaster.
D. A. Dinets, R. A. Kamaev
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Internal versus External Capital Markets [PDF]
Summary: This paper presents a framework for analyzing the costs and benefits of internal versus external capital allocation. We focus primarily on comparing an internal capital market with bank lending. While both represent centralized forms of financing, in the former case the financing is owner-provided, while in the latter case it is not.
Robert H. Gertner +2 more
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International Capital Markets and Wealth Transfers
In periods of global stress there are large movements in exchange rates and assets prices. Currencies of developed economies appreciate, with the US dollar appreciating the most. Global stock markets fall, but the fall is smaller for the US market than other markets.
PENASSE, Julien +3 more
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Corporate Governance and Internal Capital Markets [PDF]
We exploit an exogenous shock to corporate ownership structures created by a recent tax reform in Germany to explore the link between corporate governance and internal capital markets. We find that firms with more concentrated ownership are less diversified and have more efficient internal capital markets.
Sautner, Z., Villalonga, B.
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The Effect of Working Capital on Investment: Evidence from the Tehran Stock Exchange [PDF]
Given the substantial adjustment costs of altering long-term investment trajectories and the difficulties in securing external financing, internal financing plays a crucial role in sustaining fixed-asset investments, especially for financially ...
Ali Ebrahimnejad +2 more
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A theory of socialistic internal capital markets [PDF]
We develop a model of a two-division firm in which the strong division has, on average, higher quality investment projects than the weak division. We show that the firm optimally biases its project selection policy in favor of the weak division and this bias is stronger when there is a greater spread in average project quality.
Bernardo, AE, Luo, J., Wang, JJD
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Companies use either internal or external sources of financing to fund their operating or capital expenditure. When internal resources prove inadequate, businesses may turn to external financing options, such as issuing debt or equity in the capital ...
Rumeysa Bilgin +3 more
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There are some factors which are assumed to have effect on risk perception and risk attitude. This aims study to explain the effect of internal factors on risk perception and risk attitude.
Nadia Kartika, Rr. Iramani
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