The Allocation of Capital within Firms

Autor: Metin Sengul, Javier Gimeno, Afonso Almeida Costa
Přispěvatelé: NOVA School of Business and Economics (NOVA SBE)
Rok vydání: 2019
Předmět:
Zdroj: Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP
ISSN: 1941-6067
1941-6520
DOI: 10.5465/annals.2017.0009
Popis: Funding agency: Fundacao para a Ciencia e a Tecnologia (UID/ECO/00124/2013), "Fundacao para a Ciencia e a Tecnologia"-Social Sciences DataLab (22209 ), POR Lisboa (LISBOA-01-0145-FEDER-007722), "POR Lisboa" (Social Sciences DataLab) and "POR Norte" (Social Sciences DataLab) 22209 The allocation of capital within firms is a core managerial function, yet a topic that only recently has resurged in management research. We review research across disciplines dealing with how firms allocate capital, with an emphasis on the relevant research in strategy and management. We integrate relevant research across multiple disciplines and theoretical perspectives to bring forth a theoretically grounded conceptualization of capital allocation within a firm as (i) a process of determination, comparison, and selection among multiple investment alternatives, (ii) taking place across organizational levels of the firm, and (iii) influenced and constrained by the external context in which the firm is situated. We conclude by discussing some important implications for future research. authorsversion published
Databáze: OpenAIRE
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