A q Theory of Internal Capital Markets
收藏NBER2020-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27931
下载链接
链接失效反馈官方服务：
资源简介：
We propose a tractable model of dynamic investment, spinos, nancing, and risk management for a multi-division rm facing costly external nance. Our main results are: (1) within-rm resource allocation is based not only on the divisions productivityas in winner picking modelsbut also their risk; (2)
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
