Article | Journal of Finance | December 2000

The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment

by David S. Scharfstein and Jeremy Stein

Keywords: Global Range; Markets; Capital; Investment;

Citation:

Scharfstein, David S., and Jeremy Stein. "The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment." Journal of Finance 55, no. 6 (December 2000): 2537–2564.