FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123199239> ?p ?o ?g. }

• W3123199239 endingPage "321" @default.
• W3123199239 startingPage "305" @default.
• W3123199239 abstract "I model inefficient resource allocations in M-form organizations due to influence activities by division managers that skew capital budgets in their favor. Corporate headquarters receives two types of signals about investment opportunities: private signals that can be distorted by managers, and public signals that are undistorted but noisy. Headquarters faces a tradeoff between the cost of attaining an accurate private signal and the value of the information the signal provides. In contrast to existing models of “socialism” in internal capital markets, I show that investment sensitivity to Tobin's Q is higher than first-best in firms where division managers hold equity (a result consistent with evidence presented in Scharfstein, 1998). When managers face high private costs from distorting information (equity holdings), headquarters may commit to investment contracts that place “too little” weight on private signals and “too much” weight on public signals (i.e. Q). This result has implications for managers in the design of capital budgeting processes and incentive compensation systems." @default.
• W3123199239 created "2021-02-01" @default.
• W3123199239 creator A5003825261 @default.
• W3123199239 date "2009-10-01" @default.
• W3123199239 modified "2023-09-30" @default.
• W3123199239 title "Influence and inefficiency in the internal capital market" @default.
• W3123199239 cites W1602768366 @default.
• W3123199239 cites W1969671815 @default.
• W3123199239 cites W1995320128 @default.
• W3123199239 cites W2000313391 @default.
• W3123199239 cites W2017107201 @default.
• W3123199239 cites W2018474480 @default.
• W3123199239 cites W2021791306 @default.
• W3123199239 cites W2024443514 @default.
• W3123199239 cites W2025779815 @default.
• W3123199239 cites W2033351293 @default.
• W3123199239 cites W2040016893 @default.
• W3123199239 cites W2049324641 @default.
• W3123199239 cites W2050354056 @default.
• W3123199239 cites W2052312063 @default.
• W3123199239 cites W2066673576 @default.
• W3123199239 cites W2088703435 @default.
• W3123199239 cites W2098861776 @default.
• W3123199239 cites W2136874794 @default.
• W3123199239 cites W2138246053 @default.
• W3123199239 cites W2164145704 @default.
• W3123199239 cites W2164370208 @default.
• W3123199239 cites W2165717995 @default.
• W3123199239 cites W2752617332 @default.
• W3123199239 cites W3020920339 @default.
• W3123199239 cites W3023311111 @default.
• W3123199239 cites W3121239793 @default.
• W3123199239 cites W3122151187 @default.
• W3123199239 cites W3122606354 @default.
• W3123199239 cites W3123012056 @default.
• W3123199239 cites W3123564056 @default.
• W3123199239 cites W3123722403 @default.
• W3123199239 cites W3124226976 @default.
• W3123199239 cites W3124613120 @default.
• W3123199239 cites W3124868359 @default.
• W3123199239 cites W3125062060 @default.
• W3123199239 cites W3126127371 @default.
• W3123199239 cites W4211116874 @default.
• W3123199239 cites W4249657024 @default.
• W3123199239 cites W4255538799 @default.
• W3123199239 doi "https://doi.org/10.1016/j.jebo.2009.07.001" @default.
• W3123199239 hasPublicationYear "2009" @default.
• W3123199239 type Work @default.
• W3123199239 sameAs 3123199239 @default.
• W3123199239 citedByCount "82" @default.
• W3123199239 countsByYear W31231992392012 @default.
• W3123199239 countsByYear W31231992392013 @default.
• W3123199239 countsByYear W31231992392014 @default.
• W3123199239 countsByYear W31231992392015 @default.
• W3123199239 countsByYear W31231992392016 @default.
• W3123199239 countsByYear W31231992392017 @default.
• W3123199239 countsByYear W31231992392018 @default.
• W3123199239 countsByYear W31231992392019 @default.
• W3123199239 countsByYear W31231992392020 @default.
• W3123199239 countsByYear W31231992392021 @default.
• W3123199239 countsByYear W31231992392022 @default.
• W3123199239 countsByYear W31231992392023 @default.
• W3123199239 crossrefType "journal-article" @default.
• W3123199239 hasAuthorship W3123199239A5003825261 @default.
• W3123199239 hasConcept C10138342 @default.
• W3123199239 hasConcept C105795698 @default.
• W3123199239 hasConcept C144133560 @default.
• W3123199239 hasConcept C162324750 @default.
• W3123199239 hasConcept C175444787 @default.
• W3123199239 hasConcept C17744445 @default.
• W3123199239 hasConcept C199539241 @default.
• W3123199239 hasConcept C199728807 @default.
• W3123199239 hasConcept C202093079 @default.
• W3123199239 hasConcept C27548731 @default.
• W3123199239 hasConcept C2778869765 @default.
• W3123199239 hasConcept C29122968 @default.
• W3123199239 hasConcept C33923547 @default.
• W3123199239 hasConcept C38731271 @default.
• W3123199239 hasConcept C40700 @default.
• W3123199239 hasConcept C71110296 @default.
• W3123199239 hasConcept C74734477 @default.
• W3123199239 hasConcept C93236110 @default.
• W3123199239 hasConcept C94625758 @default.
• W3123199239 hasConcept C99221444 @default.
• W3123199239 hasConceptScore W3123199239C10138342 @default.
• W3123199239 hasConceptScore W3123199239C105795698 @default.
• W3123199239 hasConceptScore W3123199239C144133560 @default.
• W3123199239 hasConceptScore W3123199239C162324750 @default.
• W3123199239 hasConceptScore W3123199239C175444787 @default.
• W3123199239 hasConceptScore W3123199239C17744445 @default.
• W3123199239 hasConceptScore W3123199239C199539241 @default.
• W3123199239 hasConceptScore W3123199239C199728807 @default.
• W3123199239 hasConceptScore W3123199239C202093079 @default.
• W3123199239 hasConceptScore W3123199239C27548731 @default.
• W3123199239 hasConceptScore W3123199239C2778869765 @default.
• W3123199239 hasConceptScore W3123199239C29122968 @default.
• W3123199239 hasConceptScore W3123199239C33923547 @default.
• W3123199239 hasConceptScore W3123199239C38731271 @default.

• next