Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 10 of 10 for “"Internal Capital Markets"”.
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Essays in Internal Capital Markets in the U.S. Property-Liability Insurance Industry
… examines whether M&As are related to internal capital markets by analyzing the changes in internal capital market utilization following M&As in the U.S. property-liability insurance industry during the period 2000-2015. The results suggest that both acquiring insurers and targets …
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Internal Capital Markets And Bank Relationship - Evidence From Japanese Corporate Spin-offs.Internal Capital Markets, Investment
… dissertation consists of two studies related to internal capital markets and bank relationship using Japanese corporate spin-offs. The first study analyzes the relation between internal capital markets and banks by examining 137 Japanese corporate spin-offs created between the years 2001 and 2003 …
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Essays in corporate finance and financial institutions
Chi: Subsidiary Debt, Capital Structure, and Internal Capital Markets I investigate external subsidiary debt financing and its implications for internal capital markets. I find that firms tend to finance business segments with subsidiary debt when those segments have better investment opportunities …
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Essays in corporate finance
… first essay, I study managerial incentives in internal capital markets. In particular, I develop a two-tiered agency model to study division managers' incentives within internal capital markets. Division managers try to influence the external capital market's assessment of the firm and the …
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Essays in Banking and International Corporate Governance
… by main banks. We also provide the dark side of internal capital markets as a competing explanation where independent firms with a more focused line of business are more responsive in investment to good investment opportunities, while this is not the case for diversified chaebol firms.
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Internal Capital, External Knowledge, and Random Draws: Three Drivers of Organizational Structure
… development may affect group affiliation: internal capital markets. Using a comprehensive firm-level dataset on European corporate groups in 15 countries, we find that countries</p><p>with less developed financial markets have a higher percentage of group affiliates in more capital …
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Value Creation Through Joint Venture and Strategic Alliance Formation
… of a complex interaction of external factors and internal needs. Finally, using the change in excess value from the year prior to the year following the alliance formation, I document that alliance formation negatively impacts the valuation of the single segment partnering firms relative to their …
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Essays in Empirical International Economics
… and companies' productivity, size, and internal capital markets. In chapter 3, we study how bank lending is affected by the cessation of violent conflict. We leverage Colombia’s peace process (2012-16), which ended the five-decade-long conflict between the government and the FARC. The …
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Fair Value Pension Accounting, Corporate Risk and Investment
… the thesis contributes to the literature on internal capital markets and investment decisions through analysing the relationship between pension contributions, capital expenditures and firm profitability. In analysing how fair value accounting of pensions has been implemented I consider the …
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Three essays in corporate finance
… institutional ownership firms reallocate their capital toward divisions with long product life-cycle and high innovation value, which leads to longer corporate investment horizons and higher investment values at firm level. To disentangle investors' effects from spurious correlations, I employ a …