Internal capital markets in business groups: evidence from the asian financial crisis

Página do item simplificado
dc.contributor.authorHEITOR VIEIRA DE ALMEIDA NETO
dc.coverage.paisNão Informadopt_BR
dc.date.accessioned2022-11-11T18:26:40Z
dc.date.available2022-11-11T18:26:40Z
dc.date.issued2015
dc.description.otherThis paper examines capital reallocation among firms in Korean business groups (chaebol) in the aftermath of the 1997 Asian financial crisis, and the consequences of this capital reallocation for the investment and performance of chaebol firms. We show that chaebol transferred cash from low-growth to high-growth member firms, using cross-firm equity investments. This capital reallocation allowed chaebol firms with greater investment opportunities to invest more than control firms after the crisis. These firms also showed higher profitability and lower declines in valuation than control firms following the crisis. Our results suggest that chaebol internal capital markets helped them mitigate the negative effects of the Asian crisis on investment and performance.pt_BR
dc.format.extentp. 2539-2586pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.issue6pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4716
dc.identifier.volume70pt_BR
dc.language.isoInglêspt_BR
dc.publisherNão informadopt_BR
dc.relation.ispartofThe Journal of Financept_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.subject.keywordsNão informadopt_BR
dc.titleInternal capital markets in business groups: evidence from the asian financial crisispt_BR
dc.typejournal article
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublication20c703ae-c8e5-469b-a8d3-b5b15979f556
relation.isAuthorOfPublication.latestForDiscovery20c703ae-c8e5-469b-a8d3-b5b15979f556
Arquivos
Pacote Original
Agora exibindo 1 - 2 de 2
N/D
Nome:
R_Artigo_2015_Internal capital markets in business groups_TC.pdf
Tamanho:
565.74 KB
Formato:
Adobe Portable Document Format
Descrição:
R_Artigo_2015_Internal capital markets in business groups_TC
Baixar
Imagem de Miniatura
Nome:
Acesso_Primeira Pagina_Internal capital markets in business groups evidence from the asian financial crisis.pdf
Tamanho:
54.92 KB
Formato:
Adobe Portable Document Format
Baixar
Licença do Pacote
Agora exibindo 1 - 1 de 1
N/D
Nome:
license.txt
Tamanho:
282 B
Formato:
Item-specific license agreed upon to submission
Descrição:
Baixar
Coleções
Coleção de Artigos Acadêmicos