Internal Capital Markets and Corporate Refocusing
By John G. Matsusaka, Vikram K. Nanda. 2002
317 citations recorded by the source corpus.
Subfields: Accounting, Finance, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/0e0ba303681a2162900f13ec4389c3cfea0ff0a0
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Akin Sayrak
- A. Ficici
- Bülent Aybar
- Tim Folta
- John D. Martin
- Marvin B. Lieberman
- Julie Salaber
- R. Nicholson
In Finance
In Strategy and Management
- Akin Sayrak
- A. Ficici
- Bülent Aybar
- Tim Folta
- John D. Martin
- Gwendolyn K. Lee
- Marvin B. Lieberman
- Rajshree Agarwal
Citations in the corpus
- Corporate diversification and shareholder value: a survey of recent literature (2003, background): “7 See Matsusaka and Nanda (in press), Wernerfelt and Montgomery (1988), and Bodnar et al.”
- Should Business Groups be Dismantled? The Equilibrium Costs of Efficient Internal Capital Markets (2006, unknown): “Other models also imply that, as the financing-related benefits of conglomeration decrease, costs of conglomeration such as less effective monitoring (Stein, 1997), coordination costs (Fluck and Lynch, 1999), free cash flow (Matsusaka and Nanda, 2002; Inderst and Mueller, 2003), and incentive proble”
- Cross-border acquisitions and firm value: An analysis of emerging-market multinationals (2009, background): “…the internal capital markets show a higher degree of independence from specific industry segments than external capital markets: therefore we expect resource allocation to be more efficient in diversified firms than in non-diversified firms (Matsusaka & Nanda, 1996; Rieck, 2002; Stein, 1997).”
- Entry, exit, and the potential for resource redeployment (2017, background): “Internal redeployment has an advantage in that it avoids the transaction costs associated with external markets (Matsusaka and Nanda, 2002).”
- Corporate cash holdings: Causes and consequences (2015, unknown): “those with relatively higher investment opportunities but low cash flows which would find it difficult or prohibitively costly to get outside funding on their own (e.g. Stein, 1997; Matsusaka and Nanda, 2002).”