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...

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Detalles Bibliográficos
Autores Principales: Buchuk, David, Larrain, Borja, Prem, Mounu, Urzúa Infante, Francisco
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Oxford University Press 2019
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/27812
https://doi.org/10.1093/rof/rfz022

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