企业集团内部资本配置的经济后果.docVIP

企业集团内部资本配置对成员企业价值的影响 邵军1 刘志远2 （1.上海立信会计学院，上海 201620；2.南开大学商学院，天津 300071）F235.19 文献标识码：A 作者简介：邵军，女，管理学（会计）博士，上海立信会计学院教授，研究方向：资本市场财务与会计。刘志远，管理学（会计）博士，南开大学商学院副院长、教授、博士生导师。 The Effects of Internal Capital Allocation in Group on the Value of Group Affiliation —Evidences From Chinese Group-affiliation Abstract：The ability of creating internal capital market (ICM) is an important characteristic of corporate group. Internal capital allocation in group have effects on the value of the affiliated firms. In this paper, empirical examinations are made on Chinese group-affiliation firms based