Internal Capital Markets in Times of Crisis: The Benefit of Group Affiliation
[Real effects of the sovereign debt crisis in Europe: evidence from syndicated loans]
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Cited by:
- Li, Xinyu & Wang, Huacheng & Li, Rong, 2023. "A hidden channel of “blood transfusion”: Internal capital market subsidies and zombie firms," The British Accounting Review, Elsevier, vol. 55(6).
- Fiordelisi, Franco & Fusi, Giulia & Maddaloni, Angela & Marqués-Ibáñez, David, 2022.
"Pandemic lending: micro and macro effects of model-based regulation,"
Working Paper Series
2760, European Central Bank.
- Fiordelisi, Franco & Fusi, Giulia & Maddaloni, Angela & Marqués Ibáñez, David, 2022. "Pandemic lending: Micro and macro effects of model-based regulation," SAFE Working Paper Series 374, Leibniz Institute for Financial Research SAFE.
- Hsiao, Ching-Yuan & Shiu, Yung-Ming, 2023. "Contingent factors of the coinsurance function of internal capital markets: Evidence from the US nonlife insurance industry," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
- Wadhwa, Kavita & Syamala, Sudhakara Reddy, 2023. "Are business groups different from other family firms? Evidence from corporate investments during political uncertainty," Emerging Markets Review, Elsevier, vol. 54(C).
- Kim, Yeonghyeon & Lee, Junyong & Lee, Kyounghun & Oh, Frederick Dongchuhl, 2024. "Corporate disclosure behavior during financial crises: Evidence from Korea," Journal of Financial Stability, Elsevier, vol. 73(C).
- Tan, Wenhao & Li, Xiang & Zhao, Jianfeng & Cao, Lin & Wang, Haolun, 2023. "Internal capital markets and employee wage: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 88(C).
- Ducret, Romain, 2021. "Investors' perception of business group membership during an economic crisis : Evidence from the COVID-19 pandemic," FSES Working Papers 524, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
- Hsiao, Ching-Yuan & Shiu, Yung-Ming, 2021. "Group firms’ access to internal capital markets: The contingent roles of group resources and affiliates’ financial weakness," Economic Modelling, Elsevier, vol. 96(C), pages 135-156.
- Luana Zaccaria & Simone Narizzano & Francesco Savino & Antonio Scalia, 2024. "From Public to Internal Capital Markets: The Effects of Affiliated IPOs on Group Firms," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 49, Bank of Italy, Directorate General for Markets and Payment System.
- Kong, Dongmin & Ji, Mianmian & Liu, Lihua, 2023. "Mandatory dividend policy and investment efficiency within state-owned business groups," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
- Giacomini, Emanuela & Kumar, Nitish & Naranjo, Andy, 2024. "Inter-firm relationships and the special role of common banks," Journal of Financial Intermediation, Elsevier, vol. 58(C).
- Chu, Pyung Kun, 2022. "Semibeta asset pricing in the Korean stock market," Finance Research Letters, Elsevier, vol. 50(C).
- Ducret, Romain & Isakov, Dušan, 2020.
"The Korea discount and chaebols,"
Pacific-Basin Finance Journal, Elsevier, vol. 63(C).
- Ducret, Romain & Isakov, Dusan, 2019. "The Korea discount and chaebols," FSES Working Papers 511, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
- Bena, Jan & Dinc, Serdar & Erel, Isil, 2022.
"The international propagation of economic downturns through multinational companies: The real economy channel,"
Journal of Financial Economics, Elsevier, vol. 146(1), pages 277-304.
- Jan Bena & Serdar Dinc & Isil Erel, 2020. "The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel," NBER Working Papers 27873, National Bureau of Economic Research, Inc.
- Bronzini, Raffaello & D’Ignazio, Alessio & Revelli, Davide, 2022.
"Financial structure and bank relationships of Italian multinational firms,"
Journal of Multinational Financial Management, Elsevier, vol. 66(C).
- Raffaello Bronzini & Alessio D’Ignazio & Davide Revelli, 2021. "Financial structure and bank relationships of Italian multinational firms," Temi di discussione (Economic working papers) 1326, Bank of Italy, Economic Research and International Relations Area.
- Liu, Lihua & Shu, Haicheng, 2022. "Mandatory dividend policy and perk consumption: Evidence from state-owned business groups in China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
- Kabbach-de-Castro, Luiz Ricardo & Kirch, Guilherme & Matta, Rafael, 2022. "Do internal capital markets in business groups mitigate firms' financial constraints?," Journal of Banking & Finance, Elsevier, vol. 143(C).
- Hsiao, Ching-Yuan & Shiu, Yung-Ming, 2023. "Risk-sharing function in internal capital markets: Evidence from intragroup reinsurance activities," International Review of Financial Analysis, Elsevier, vol. 87(C).
More about this item
Keywords
Groups; Internal capital markets; Crisis;All these keywords.
JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
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