Internal Capital Markets and the Competition for Corporate Resources
收藏NBER1995-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5101
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资源简介：
This paper examines the role of corporate headquarters in allocating scarce resources to competing projects in an internal capital market. Unlike a bank lender, headquarters has control rights that give it both the authority and the incentive to engage in 'winner-picking' -- the practice of actively
提供机构：
美国国家经济研究局
创建时间：
1995-05-01
