How Do Internal Capital Markets Work? Evidence from the Great Recession
We study the inner workings of internal capital markets during the 2008–09 recession using a unique dataset of loans between business group firms in an emerging market. Intragroup loans increase quickly during the recession. Firms that are more central in the ownership network simultaneously increas...
Autores Principales: | , , , |
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Formato: | Artículo (Article) |
Lenguaje: | Inglés (English) |
Publicado: |
Oxford University Press
2019
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Materias: | |
Acceso en línea: | https://repository.urosario.edu.co/handle/10336/27812 https://doi.org/10.1093/rof/rfz022 |