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Discussion.
- Source :
- Journal of Finance (Wiley-Blackwell); Aug2001, Vol. 56 Issue 4, p1528-1531, 4p
- Publication Year :
- 2001
-
Abstract
- The article presents commentary from Paola Sapienza about a paper written by Naveen Khanna and Sheri Tice (K&T) entitled "The Bright Side of Internal Capital Markets," which appeared in the August, 2001 issue of the "Journal of Finance." In that paper K&T discussed the impact on both diversified and stand-alone firms of Wal-Mart's entry into their markets. The author of the current paper notes that K&T assumed Wal-Mart's entry to be an exogenous and unanticipated event, and raises questions over whether that is indeed the case.
- Subjects :
- MARKET entry
COMPETITION
RESOURCE allocation
BUSINESS finance
CAPITAL market
Subjects
Details
- Language :
- English
- ISSN :
- 00221082
- Volume :
- 56
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Journal of Finance (Wiley-Blackwell)
- Publication Type :
- Academic Journal
- Accession number :
- 4868586
- Full Text :
- https://doi.org/10.1111/0022-1082.00378