Ruminate the Significance of Internal Capital Market to enterprise capital control

Chenrui Zhu

doi:10.54691/bcpbm.v31i.2673

Authors

Chenrui Zhu

DOI:

https://doi.org/10.54691/bcpbm.v31i.2673

Keywords:

Internal capital market, Resource allocation, Management Implications.

Abstract

Internal capital market theory is one of the most essential theories for studying the internal management of enterprises. It fundamentally solves the problem of information asymmetry in the external market and optimizes the internal resource allocation of enterprises while reducing transaction costs. This paper analyzes the impact of internal capital allocation and endogenous financing from the perspective of internal capital market theory which improve the centralized management of corporate capital and enhance the overall value of corporate groups.

Downloads

Download data is not yet available.

References

Wang Wenbing. The impact of internal capital market on enterprise grouping capital management and suggestions[J]. Finance and Accounting, 2017(16):45-46

Hu Jie. Rumination on the impact of agency relationship on the efficiency of the internal capital market of enterprises[J]. China's collective economy, 2019(21):44-45

Xu Min, Wei Yaping. Rumination on the significance of internal capital market to enterprise group capital control[J]. Business Accounting,2010:17-19

Wang Wenbing. The impact of internal capital market on enterprise group capital management and suggestions[J]. Finance and Accounting,2017:47-48

Gao Shan. The role of internal capital market on enterprise group capital management[J]. Mall Modernization,2013:106-109

Gugler, Klaus, Peev, Evgeni, Segalla, Esther.null[J]. Journal of Corporate Finance,2013:59-73

Stein, j. C. Internal capital markets and the competition for corporate resources[J]. National Bureau of Economic Research,1997(5101):34-36

Zhang Xianzhi, Wang Zhaonan. Enterprise groups, internal capital market and surplus management of listed companies[J]. Research on Finance and Economics,2017:65-73

Fier, Stephen G., McCullough, Kathleen A., Carson, James M..Internal capital markets and the partial adjustment of leverage[J]. Journal of Banking & Finance,2013:1029-1039

Maksimovic, Vojislav, Phillips, Gordon M..Conglomerate Firms, Internal Capital Markets, and the Theory of the Firm[J]. Annual Review of Financial Economics,2013:225-244.

Levinovitz, Alan. "Dao with a Capital D": A Study in the Significance of Capitalization[J]. Journal of the American Academy of Religion,2015:222-226.

Cremers, M., Huang, R., & Sautner, Z.Understanding Internal Capital Markets and Corporate Politics[J]. ResearchGate,2009(15S):18-19