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The Dark Side of Internal Capital Markets : Divisional Rent-Seeking and Inefficient Investment

Scharfstein, David S. - 1997

We develop a model that shows how rent-seeking behavior on the part of division managers can subvert the workings of an … bribes to some division managers. And because headquarters is itself an agent of outside investors, the bribes may take the …

Persistent link: https://www.econbiz.de/10012472852

Kapitalstrukturgestaltung im Konzern : eine ökonomische Analyse ihrer Wohlfahrtseffekte sowie ihrer Abbildung im Rahmen der externen Rechnungslegung

Kratz, Norbert - 1995

Persistent link: https://www.econbiz.de/10000542021

Die Nutzung synergetischer Potentiale als Ziel strategischen Managements unter besonderer Berücksichtigung von Konzernen

Klemm, Michael - 1990

Persistent link: https://www.econbiz.de/10000061111

Business Groups and Trade in East Asia : Part 1, Networked Equilibria

Feenstra, Robert C. - 1997

We propose an economic model of business groups that allows for the cooperative behavior of groups of firms, where the number and size of each group is determined endogenously. In this framework, more than one configuration of groups can arise in equilibrium: several different types of business...

Persistent link: https://www.econbiz.de/10012472942