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List of Figures
List of Tables
Is smaller better than bigger? The relative size effect in internal
2 other sections not shown
3-digit SIC code account predicts agency conflicts allocate capital analysis archival data asked to allocate average Beauty biased Bottom-Left capital allocation decisions capital expenditures capital investment capital spending Chile cognitive account cognitive bias correlation cross-subsidization dependent variable dummy empirical end of tomorrow escalation of commitment estimate Europe experimental firm assets Firm Fixed Effects g-R matrix growth rate ignorance prior incentive index goes industry defined Industry Investment Industry Q inefficiency informational asymmetries internal capital markets investment behavior investment opportunities Latin America Mean allocations median bounded models multi multi-business corporations multi-business firms Nikkei index number of business observations organizational Ozbas and Scharfstein participants partition condition partition dependence prior distribution R-squared regression relative size effect rent-seeking rest Return Rate sample Scharfstein and Stein segment assets SIC code level significantly single-business firms stand-alone firms studies t-statistics Table target business units target division tendency Tobin's Q TOP-LEFT region total assets z-value