Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates
收藏NBER2011-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17717
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资源简介：
When external capital markets are stressed they may not reallocate resources between firms. We show that resource allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using data on US conglomerates we empirically verify that firms
提供机构：
美国国家经济研究局
创建时间：
2011-12-01
