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Volumn 21, Issue 2, 2003, Pages 141-156

Firm value, information problems and the internal capital market

Author keywords

Agency; Firm value; Information problems; Internal capital market

Indexed keywords


EID: 4043130374     PISSN: 0924865X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1024839432369     Document Type: Article
Times cited : (16)

References (14)
  • 2
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    • An agency analysis of firm diversification: The consequences of discretionary cash and managerial risk considerations
    • Chen, C. R. and T. Steiner, "An Agency Analysis of Firm Diversification: The Consequences of Discretionary Cash and Managerial Risk Considerations." Review of Quantitative Finance and Accounting 14, 247-260 (2000).
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    • Chen, C.R.1    Steiner, T.2
  • 3
    • 38249033644 scopus 로고
    • On cross-sectional analysis in accounting research
    • Christie, A. A., "On Cross-Sectional Analysis in Accounting Research." Journal of Accounting and Economics 9, 231-258 (1987).
    • (1987) Journal of Accounting and Economics , vol.9 , pp. 231-258
    • Christie, A.A.1
  • 4
    • 0039646787 scopus 로고    scopus 로고
    • Agency problems, equity ownership and corporate diversification
    • Denis, D. J., D. K. Denis and A. Sarin, "Agency Problems, Equity Ownership and Corporate Diversification." Journal of Finance 52, 135-60 (1997).
    • (1997) Journal of Finance , vol.52 , pp. 135-160
    • Denis, D.J.1    Denis, D.K.2    Sarin, A.3
  • 6
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance, and takeovers
    • Jensen, M., "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers." American Economic Review 76, 323-329 (1986).
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.1
  • 7
    • 0040426296 scopus 로고    scopus 로고
    • International evidence on the value of corporate diversification
    • Lins, K. and H. Servaes, "International Evidence on the Value of Corporate Diversification." Journal of Finance 54, 2215-2239 (1999).
    • (1999) Journal of Finance , vol.54 , pp. 2215-2239
    • Lins, K.1    Servaes, H.2
  • 8
    • 4043048562 scopus 로고    scopus 로고
    • The diversified firm's valuable internal capital market
    • Lundstrum, L., "The Diversified Firm's Valuable Internal Capital Market." Corporate Finance Review 5, 23-31 (2000).
    • (2000) Corporate Finance Review , vol.5 , pp. 23-31
    • Lundstrum, L.1
  • 9
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not have
    • Myers, S. and Majluf, "Corporate Financing and Investment Decisions When Firms have Information that Investors Do not Have." Journal of Financial Economics 13, 187-221 (1984).
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.1    Majluf2
  • 10
    • 0003457920 scopus 로고    scopus 로고
    • The cost of diversity: The diversification discount and inefficient investment
    • Rajan, R., H. Servaes and L. Zingales, "The Cost of Diversity: The Diversification Discount and Inefficient Investment." Journal of Finance 55, 35-80 (2000).
    • (2000) Journal of Finance , vol.55 , pp. 35-80
    • Rajan, R.1    Servaes, H.2    Zingales, L.3
  • 11
    • 0039244094 scopus 로고    scopus 로고
    • Are internal capital markets efficient?
    • Shin, H. and R. Stulz, "Are Internal Capital Markets Efficient?" Quarterly Journal of Economics 113, 531-552 (1998).
    • (1998) Quarterly Journal of Economics , vol.113 , pp. 531-552
    • Shin, H.1    Stulz, R.2
  • 12
    • 21844487721 scopus 로고
    • The cash flow/investment relationship: Evidence from U.S. manufacturing firms
    • Vogt, S., "The Cash Flow/Investment Relationship: Evidence from U.S. Manufacturing Firms." Financial Management 23, 3-20 (1994).
    • (1994) Financial Management , vol.23 , pp. 3-20
    • Vogt, S.1
  • 13
    • 0000095552 scopus 로고
    • A heteroscedasticity-consistent covariance matrix estimator and a direct test for heteroscedasticity
    • White, H., "A Heteroscedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroscedasticity." Econometrica 48, 817-838 (1980).
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.