Internal Capital Markets and Managerial Power: Implications for Family Groups

Markus Glaser, Florencio Lopez-de-Silanes, Zacharias Sautner: This paper reports some of the main results of our paper “Opening the Black Box: InternalCapital Markets and Managerial Power, ”Journal of Finance, LXVIII (4), August 2013.

Author(s):

Markus Glaser

Munich School of Management

Florencio Lopez-de-Silanes

EDHEC Business School

Zacharias Sautner

University of Amsterdam

But it also presents additional findings that may be useful for family firms and firms with a large controlling shareholder and whose management structure across branches is similar to that of a classic conglomerate or multi-segment corporation.
Pdf
Internal Capital Markets and Managerial Power: Implications for Family Groups...
(-1.00 B)
Type: Working paper
Date: le 28/03/2014
Extra information : For more information, please contact EDHEC Research and Development Department [ research@drd.edhec.edu ]
Research Cluster : Family Business Centre

See Also

[Student Experience] Immersion trip - Welcome to San Francisco!
News
- 25-05-2018
Immersion Trip abroad: focus on EDHEC students' experience Silicon Valley is well-known...
News
- 25-05-2018
EDHEC-Risk Institute is pleased to announce that Kati Eriksson, Head of Investments, Aalto University Endowment have joined its international advisory board, which brings together...
The EDHEC PhD in Finance Programme adds two new alumni
News
- 21-05-2018
On 17 May 2017, two EDHEC PhD in Finance candidates (executive track), Stefano Dova and...
EDHEC Business School hosts the Family Business Extension  of the 38th Strategic Management Society (SMS) Annual Conference
News
- 18-05-2018
  Like in previous years, the 2018 Family Business Extension will bring together a...