The Allocation of Capital within Firms

Metin Sengul · Afonso Almeida Costa · Javier Gimeno

89 citations0/0 files storedAcademy of Management Annals

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Financial Analysis and Corporate Governance Capital Investment and Risk Analysis

Abstract

The allocation of capital within firms is a core managerial function, yet a topic that only recently has resurged in management research. We review research across disciplines dealing with how firms allocate capital, with an emphasis on the relevant research in strategy and management. We integrate relevant research across multiple disciplines and theoretical perspectives to bring forth a theoretically grounded conceptualization of capital allocation within a firm as (i) a process of determination, comparison, and selection among multiple investment alternatives, (ii) taking place across organizational levels of the firm, and (iii) influenced and constrained by the external context in which the firm is situated. We conclude by discussing some important implications for future research.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 89 citations exist upstream.

References

1991Firm Resources and Sustained Competitive Advantage 1984A resource‐based view of the firm 1991Exploration and Exploitation in Organizational Learning 1984Corporate financing and investment decisions when firms have information that investors do not have 1998Law and Finance 1955A BEHAVIORAL MODEL OF RATIONAL CHOICE 1976Markets and Hierarchies: Analysis and Antitrust Implications.1977Determinants of corporate borrowing

Cited by

2024Organization Design: Current Insights and Future Research Directions 2021Strategic Decision Making in the Digital Age: Expert Sentiment and Corporate Capital Allocation 2024The influence of cost of debt, cost of equity and weighted average cost of capital on dividend policy decision: evidence from non-financial companies listed on the Frankfurt Stock Exchange 2021Corporate‐level influences on internal capital allocation: The role of financial analyst performance projections 2021Power to the people: The benefits and limits of employee self‐selection in organizations

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.