Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates

By Gregor Matvos, Amit Seru. 2014

194 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/3fd59b88d21be1f4065b8ba0d621065d0e46f513

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Citations in the corpus

• Heterogeneity, Measurement Error, and Misallocation: Evidence from African Agriculture (2019, background): “…productivity differences across divisions of industrial conglomerates or across plants of manufacturing firms: e.g., Maksimovic and Phillips (2001), Matvos and Seru (2014), and 2 journal of political economy relative to firm surveys, is that our firms are producing highly homogeneous products,…”
• Does the Diversification–Firm Performance Relationship Change Over Time? A Meta‐Analytical Review (2018, unknown): “More recently, Volkov and Smith (2015) and Rudolph and Schwetzler (2014) have found that the relative value of diversified firms increases during recessionary periods, because their capacity to use internal capital markets provides them with advantages over more focused firms (see also Gopalan and X”
• Internal Capital Markets in Business Groups: Evidence from the Asian Financial Crisis (2014, unknown): “Matvos and Seru (2011) fi nd evidence that US conglomerates become more e ffi cient in resource allocation in period of fi nancial market dislocation.”
• Internal Capital Markets in Times of Crisis: The Benefit of Group Affiliation* (2019, unknown): “Earlier research demonstrates that internal capital markets become more important during periods of financial market crisis (Matvos and Seru, 2014; Almeida, Kim, and Kim, 2015; Kuppuswamy and Villalonga, 2015), and that diversifying mergers become more common during these periods (Matvos, Seru, and ”