Internal capital markets and investment policy: evidence from corporate spinoffs
Article Abstract:
Evidence is provided on the inefficient investment hypothesis by examining changes in investment policy following corporate spinoffs. The analysis concluded that the sample spinoffs create value by improving the investment allocation process.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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Leverage and investment in diversified firms
Article Abstract:
Details of research analyzing the impact of leverage on diversified investments are presented.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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The choice among bank debt, non-bank private debt, and public debt: evidence from new corporate borrowings
Article Abstract:
The financial wherewithal of a firm determines the source of debt financing.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2003
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