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Tekijä:Almeida, H.
Wolfenzon, D.
Otsikko:The effect of external finance on the equilibrium allocation of capital
Lehti:Journal of Financial Economics
2005 : JAN, VOL. 75:1, p. 133-164
Asiasana:Corporate finance
Investor protection
Kieli:eng
Tiivistelmä:This article examines how the efficiency of capital allocation depends on outside investor protection and the company’s need for external finance. The writers show that an increase in companies’ external financing needs may improve allocation efficiency when capital allocation is constrained by poor investor protection.
SCIMA tietueen numero: 257095
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