战略管理2010Chapter8.pptVIP

* Two types of financial economies can create value with an unrelated diversification strategy: Efficient internal capital allocation Asset restructuring of purchased corporations * Efficient Internal Capital Market Allocation - Several advantages exist for firms with internal capital markets to fund investments and operations. What are the major advantages for firms with internal capital markets? Information provided to capital markets through annual reports and other sources may not include negative information, instead emphasizing positive prospects and outcomes. External sources of ca