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Cross Subsidies, External Financing Constraints, and the Contribution of the Internal Capital Market to Firm Value
16 references·12 citing·37 second hop
Cross Subsidies, External Financing Constraints, and the Contribution of the Internal Capital Market to Firm Value (1998)Cross Subsidies, External Financing Const…Is the Growth of Small Firms Constrained by Internal Finance? (2002)Is the Growth of Small Firms …The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment (2000)The Dark Side of Internal Cap…The Cost of Diversity: The Diversification Discount and Inefficient Investment (2000)The Cost of Diversity: The Di…Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups (2000)Is Group Affiliation Profitab…Are Internal capital Markets Efficient? (1998)Are Internal capital Markets …Internal Capital Markets and the Competition for Corporate Resources (1997)Internal Capital Markets and …Cash Flow and Investment: Evidence from Internal Capital Markets (1997)Cash Flow and Investment: Evi…Capital-Market Imperfections and Investment (1997)Capital-Market Imperfections …Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Diversification's effect on firm value (1995)Diversification's effect on f…Corporate focus and stock returns (1995)Corporate focus and stock ret…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…A Simple Approximation of Tobin's q (1994)A Simple Approximation of Tob…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Markets and Hierarchies: Anal…Bankruptcy in groups (2023)Bankruptcy in groupsReal Effects of Climate Policy: Financial Constraints and Spillovers (2018)Real Effects of Climate Polic…State Capitalism vs. Private Enterprise (2015)State Capitalism vs. Private …Classification Shifting Using the “Corporate/Other” Segment (2014)Classification Shifting Using…Valuation-Driven Profit Transfer Among Corporate Segments (2013)Valuation-Driven Profit Trans…Conglomerate Firms, Internal Capital Markets and the Theory of the Firm (2013)Conglomerate Firms, Internal …Multinational Banking in Europe: Financial Stability and Regulatory Implications - Lessons from the Financial Crisis (2011)Multinational Banking in Euro…How Much of the Diversification Discount Can be Explained by Poor Corporate Governance? (2009)How Much of the Diversificati…Segment Disclosures, Proprietary Costs, and the Market for Corporate Control (2003)Segment Disclosures, Propriet…On the Determinants of Pyramidal Ownership: Evidence on Dilution of Minority Interests (2003)On the Determinants of Pyrami…Internal and External Capital Markets (2002)Internal and External Capital…Diversification, Ownership and Control of Swedish Corporations (2002)Diversification, Ownership an…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)The theory and practice of corporate finance: evidence from the field (2001)Liquidity and leverage (2008)Who makes acquisitions? 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Some Evidence from International Data (1995)The Nature of the Firm (1937)Financing Constraints and Corporate Investment (1987)The Cross-Section of Expected Stock Returns (1992)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)The Economic Institutions of Capitalism (1987)Law and Finance (1998)Incentives versus standards: properties of accounting income in four East Asian countries (2003)Corporate Governance, Economic Entrenchment and Growth (2004)Financial and Legal Constraints to Growth: Does Firm Size Matter? (2005)Separation of Ownership and Control (1983)The Commitment-Trust Theory of Relationship Marketing (1994)Corporate Governance, Board Diversity, and Firm Value (2003)How do family ownership, control and management affect firm value? (2005)Boards: Does one size fit all☆ (2007)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)The Cash Flow Sensitivity of Cash (2004)CEO Overconfidence and Corporate Investment (2005)Corporate social responsibility and access to finance (2013)
this work references cited by second hop

References

  • 1976Markets and Hierarchies: Analysis and Antitrust Implications.13,381 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1997Capital-Market Imperfections and Investment2,600 cited
  • 2000Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups2,588 cited
  • 1994A Simple Approximation of Tobin's q2,458 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • 2000The Cost of Diversity: The Diversification Discount and Inefficient Investment1,684 cited
  • 2000The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment1,556 cited
  • 1997Cash Flow and Investment: Evidence from Internal Capital Markets1,143 cited
  • 2002Is the Growth of Small Firms Constrained by Internal Finance?1,100 cited
  • 1995Corporate focus and stock returns1,078 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 1998Are Internal capital Markets Efficient?1,050 cited
  • Cited by

    • 2018Real Effects of Climate Policy: Financial Constraints and Spillovers159 cited
    • 2009How Much of the Diversification Discount Can be Explained by Poor Corporate Governance?71 cited
    • 2002Diversification, Ownership and Control of Swedish Corporations69 cited
    • 2014Classification Shifting Using the “Corporate/Other” Segment64 cited
    • 2003On the Determinants of Pyramidal Ownership: Evidence on Dilution of Minority Interests61 cited
    • 2011Multinational Banking in Europe: Financial Stability and Regulatory Implications - Lessons from the Financial Crisis45 cited
    • 2003Segment Disclosures, Proprietary Costs, and the Market for Corporate Control34 cited
    • 2023Bankruptcy in groups31 cited
    • 2002Internal and External Capital Markets31 cited
    • 2013Conglomerate Firms, Internal Capital Markets and the Theory of the Firm30 cited
    • 2013Valuation-Driven Profit Transfer Among Corporate Segments28 cited
    • 2015State Capitalism vs. Private Enterprise26 cited