Kim, Byungmo; Jung, Kooyul; Kim, In - In: Review of Quantitative Finance and Accounting 25 (2005) 1, pp. 33-53
We examine the relationship between the controlling shareholder’s cash flow rights and the funds transfer in the internal capital market within Korean business groups (chaebols) during the period from 1998 to 2001. We find that the funds allocation in the firms where controlling shareholders...
