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- W2390855810 abstract "How to allocate funds across projects is a fundamental question in investment. The existing literature looks at two similar but different questions on this issue. The first question is how to allocate funds across firms, and the second one is how to allocate funds across projects within a particular firm. In other words, the fist question concerns with external capital markets (ECM) , while the second question looks at internal capital markets (ICM). This paper studies the institutional characteristics, the effect and incomplete information of ICM and ECM with a comparative institutional analysis, and then gives some advices to increase the information in ICM." @default.
- W2390855810 created "2016-06-24" @default.
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- W2390855810 date "2006-01-01" @default.
- W2390855810 modified "2023-09-24" @default.
- W2390855810 title "Internal and External Capital Markets: A Comparative Institutional Analysis Based on Incomplete Information" @default.
- W2390855810 hasPublicationYear "2006" @default.
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