How Do Internal Capital Markets Work? Evidence from the Great Recession
We study the inner workings of internal capital markets during the 2008–09 recession using a unique dataset of loans between business group firms in an emerging market. Intragroup loans increase quickly during the recession. Firms that are more central in the ownership network simultaneously increas...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2019
- Institución:
- Universidad del Rosario
- Repositorio:
- Repositorio EdocUR - U. Rosario
- Idioma:
- eng
- OAI Identifier:
- oai:repository.urosario.edu.co:10336/27812
- Acceso en línea:
- https://doi.org/10.1093/rof/rfz022
https://repository.urosario.edu.co/handle/10336/27812
- Palabra clave:
- G32 - Financing Policy
Financial Risk and Risk Management
Capital and Ownership Structure
Value of Firms
Goodwill
- Rights
- License
- Restringido (Acceso a grupos específicos)