Internal versus External Capital Markets
Open Access
- 1 November 1994
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 109 (4) , 1211-1230
- https://doi.org/10.2307/2118361
Abstract
This paper presents a framework for analyzing the costs and benefits of internal versus external capital allocation. We focus primarily on comparingKeywords
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