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| Author: | Billett, M. T. Mauer, D. C. |
| Title: | Cross-subsidies, external financing constraints, and the contribution of the internal capital market to firm value |
| Journal: | Review of Financial Studies
2003 : WINTER, VOL. 16:4, p. 1167-1201 |
| Index terms: | Financial markets Capital markets Value analysis |
| Language: | eng |
| Abstract: | The authors examine the link between the excess value of a diversified firm and the value of its internal capital market. They conclude that financing constraints drive the relationship between the internal capital market and firm value. |
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