The Factors Influencing Subsidiary Managers Decisions on Internal Capital Markets
Considering decisions on internal capital markets in group companies, subsidiary managers have their own benefits which would be different from the groups value.What key factors do matter?.An experimental plan was designed to collect data from 300 MBA students.In the plan, a basis scenario and three kinds of arrangements of internal capital markets were introduced to the participants, who were supposed to be subsidiary managers of a group company.They were required to agree to arrangements or not and give us reasons that affect their choices.14 different reasons were given based on theories and literature, and the participants should choose the scorn in a Likert scale.Then, those reasons were divided into six factors to do the confirmative factor analysis.According to the logistic regression results, stock market reaction was the most important influencing factor for subsidiary managers decisions, and they also consider intemal control and group interests.
internal capital markets subsidiary managers experimental research
TONG Yan HUA Chen
School of Management and Economies,Beijing Institute of Technology,Beijing 100081,China School of Management and Economics,Beijing Institute of Technology,Beijing 100081,China
国际会议
2013 International Conference on Business Analytics and Management Science (2013商务分析与管理科学国际会议)
北京
英文
53-61
2013-11-23（万方平台首次上网日期，不代表论文的发表时间）