Internal Versus External Capital Markets in the Insurance Industry: The Role of Reinsurance. Journal of Financial Services Research, 31(2): 173- 189. Powell, L.S., and Sommer, D.W., 2007. Internal Versus External Capital Markets in the Insurance Industry: The Role of Reinsurance. ...
Lima, Francisco and Mario Centeno (2003) "The careers of top managers and firm openness: internal versus external labour markets." Banco de Portugal, Economic Research Department, WP 15-03.Lima, Francisco and Mario Centeno (2003) `The careers of top executives and firm openness: internal ...
Internal capital market efficiency The prevailing economic view of the boom in conglomerates during the 1960s and 1970s was an attribution to the greater efficiency of internal versus external capital markets in allocating resources (Lang and Stulz, 1994). The availability of segment information post...
Internal Versus External Capital Markets Robert H. GertnerDavid ScharfsteinJeremy C. Stein Social Science Research Network Jun 1994 This paper presents a framework for analyzing the costs and benefits of internal vs. external capital allocation. We focus primarily on comparing an internal capital marke...
We argue that domestic business groups are able to actively optimise the internal/external debt mix across their subsidiaries. Novel to the literature, we use bi-level data (i.e. data from both individual subsidiary financial statements and consolidated group level financial statements) to model the...
Discuss briefly why capital structure decisions are important and/or not important for a firm. In the context of finance, why would a company take the public firm private? Discuss the reasons why a firm would use a third-party external agent for worldwide sourcing....
We also discuss internal promotion versus external promotion. Chan (1996) and Lambertides (2009) investigate external recruitment versus internal promotion. Chan finds that most promotions in a corporation are through internal promotions rather than external recruitments, whereas Lambertides finds that ...
But external market selection only selects for economic “survival”; sometimes only of a particular strategy or product, and not even necessarily of the whole firm. Critiques of the term argue that it recalls the blind selective processes in biology and is thus not well suited to designate ...
Convergence versus Divergence, Global Corporate Governance at the Crossroads: Governance Norms, Capital Markets &(and) OECD Principles for Corporate Governance There is growing debate as to whether international corporate governance practices can or should converge. Effective corporate governance has been lin...
Internal versus external customers A general understanding of who the customer is, is a vital step when looking to build a SOC for the first time. Initially you may think that the customer is just internal, that it is the IT department or the entire organization or company the SOC is worki...