Allocative efficiency of internal capital markets : evidence from equity carve-outs by diversified firms
Year of publication: |
2023
|
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Authors: | Vitkova, Valeriya ; Tian, Siyang ; Sudarsanam, Sudi |
Published in: |
International review of financial analysis. - Amsterdam [u.a.] : Elsevier, ISSN 1057-5219, ZDB-ID 1133622-5. - Vol. 86.2023, p. 1-19
|
Subject: | Corporate governance | Diversified firms | Divestment | Endogeneity | Equity carve-outs | Heckman Bias correction | Internal capital markets | Investment efficiency | Propensity score matching | Refocusing | Diversifikation | Diversification | Corporate Governance | Börsengang | Initial public offering | Desinvestition | Disinvestment | Tochtergesellschaft | Subsidiary company | Portfolio-Management | Portfolio selection | Internationaler Finanzmarkt | International financial market | Kapitaleinkommen | Capital income | Theorie | Theory | Allokationseffizienz | Allocative efficiency | Konzern | Corporate group |
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