search query: @indexterm CAPITAL MARKETS / total: 931
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| Author: | Peyer, U. C. Shivdasani, A. |
| Title: | Leverage and internal capital markets: evidence from leveraged recapitalizations |
| Journal: | Journal of Financial Economics
2001 : MAR, VOL. 59:3, p. 477-515 |
| Index terms: | Investments Capital markets Gearing |
| Language: | eng |
| Abstract: | The authors study the internal allocation of resources for diversified firms that complete a leveraged recapitalization. They show that firm value is positively related to investment's sensitivity to segment q and negatively related to investment's sensitivity to segment cash flow. |
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