lenders and borrowers means that resources are also needed for screening. I show that the privately optimal allocation of …

efficiency demonstrate that the capital allocation process is instead a capability strength. In the first stage of the empirical …The capital allocation process is a fundamental, organizational capability that drives value creation. The bulk of … extant empirical research, as well as evidence from prominent field studies, concludes that the capital allocation process is …

This study investigates how financial development affects capital allocation across industries in a panel of countries … at different stages of development (China, India, Mexico, Korea, Japan and the US) over the period 1980-2014. Following … development is low, faster capital accumulation is associated with a worsening of allocative efficiency. This effect reverses for …

This study investigates how financial development affects capital allocation across industries in a panel of countries … at different stages of development (China, India, Mexico, Korea, Japan and the US) over the period 1980-2014. Following … development is low, faster capital accumulation is associated with a worsening of allocative efficiency. This effect reverses for …