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Resource allocation within firms and financial market dislocation : evidence from diversified conglomerates
Matvos, Gregor; Seru, Amit - 2011
allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using … capital funds quadruple during extreme financial market dislocations, making resource allocation within firms significantly … counterfactual out of sample simulated data is remarkably consistent with the actual data and shows that improved resource allocation …
Persistent link: https://www.econbiz.de/10009488468
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Resource allocation within firms and financial market dislocation : evidence from diversified conglomerates
Matvos, Gregor; Seru, Amit - In: The review of financial studies 27 (2014) 4, pp. 1143-1189
Persistent link: https://www.econbiz.de/10010370818
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Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates
Matvos, Gregor - 2011
allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using … capital funds quadruple during extreme financial market dislocations, making resource allocation within firms significantly … counterfactual out of sample simulated data is remarkably consistent with the actual data and shows that improved resource allocation …
Persistent link: https://www.econbiz.de/10013117120
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Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates
Matvos, Gregor - 2018
allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using … accessing external capital funds quadruples during extreme financial market dislocations, making resource allocation within … resource allocation in internal capital markets offset financial market stress during the recent financial crisis by 16% to 30 …
Persistent link: https://www.econbiz.de/10012938571
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Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates
Matvos, Gregor - 2011
allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using … capital funds quadruple during extreme financial market dislocations, making resource allocation within firms significantly … counterfactual out of sample simulated data is remarkably consistent with the actual data and shows that improved resource allocation …
Persistent link: https://www.econbiz.de/10012460940
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International banking : an empirical assessment of global financial intermediation in times of crisis
Kerl, Cornelia - 2014
Persistent link: https://www.econbiz.de/10010356686
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Competition between foreign affiliates : multinational banks internal funding in the crisis ; conference paper
Kerl, Cornelia; Frey, Rainer - 2013
We investigate how the lending activities of a multinational bank s affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of...
Persistent link: https://www.econbiz.de/10010338422
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Business groups in emerging markets : financial control and sequential investment
Hainz, Christa - 2006
Business groups in emerging markets perform better than unaffiliated firms. One explanation is that business groups substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model where firms within the business group are connected...
Persistent link: https://www.econbiz.de/10010365879
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Rank-order tournaments as selection mechanisms: Applications in project finance
Kaldewei, Cornelia - 2007
Tournaments are used in a variety of contexts for ranking competitors on an ordinal scale according to their relative achievements. From competitive sports to manager compensation, they provide a mechanism for incentivizing and selecting contestants in a world of incomplete information. This...
Persistent link: https://www.econbiz.de/10009475319
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Gestaltung effizienter interner Kapitalmärkte in Konglomeraten
Funk, Christian - 2008 - 1. Aufl.
Persistent link: https://www.econbiz.de/10003712391