Title:

The Role of Commonality between CEO and Divisional Managers in Internal Capital Markets

Authors:

José Miguel Gaspar (ESSEC)
Massimo Massa (INSEAD)

Journal:

Journal Of Financial And Quantitative Analysis

Year:

2011

Volume:

46

Pages:

841-869

JEL codes:

D23 - Organizational Behavior; Transaction Costs; Property Rights
G31 - Capital Budgeting; Fixed Investment and Inventory Studies
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure
L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration; Conglomerates; Subsidiaries
L25 - Firm Performance: Size, Diversification and Scope, Age, Profit, and Sales