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Internal capital market inefficiencies, shareholder payout, and abnormal leverage

Authors :
Eric T. Rapley
Jimmy F. Downes
Brooke Beyer
Source :
Journal of Corporate Finance. 43:39-57
Publication Year :
2017
Publisher :
Elsevier BV, 2017.

Abstract

• We examine internal capital market inefficiencies and U.S. multinational firms' return of capital to shareholders.

Details

ISSN :
09291199
Volume :
43
Database :
OpenAIRE
Journal :
Journal of Corporate Finance
Accession number :
edsair.doi...........65101c4c8e4e20f5bb83eea71578a569
Full Text :
https://doi.org/10.1016/j.jcorpfin.2016.12.009