Please use this identifier to cite or link to this item: https://hdl.handle.net/10593/5668
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dc.contributor.authorJantoń-Drozdowska, Elżbieta-
dc.contributor.authorZembski, Michał-
dc.date.accessioned2013-03-21T11:41:05Z-
dc.date.available2013-03-21T11:41:05Z-
dc.date.issued2005-
dc.identifier.citationRuch Prawniczy, Ekonomiczny i Socjologiczny 67, 2005, z. 3, s. 161-174pl_PL
dc.identifier.issn0035-9629-
dc.identifier.urihttp://hdl.handle.net/10593/5668-
dc.description.abstractThe aim of this article is to identify the risk of loosing efficiency of internal capital markets as the result of opportunistic behaviour represented by agents. An internal capital market institution exists in most transnational corporations. The few publications available in economic literature allow us to draw a conclusion that the role of these markets as the source of funds for financing investments is still growing. It is also crucial to know the factors which influence the efficiency of their operations, as they enable movements of substantial funds in a relatively short period of time, which, in turn, stimulates a dynamic growth of an organization in an international context. On the other hand, however, this creates the risk of opportunistic behaviour amongst those members o f the organization who may influence the quality of information transferred onto higher levels of corporations where key decisions are made. The wish to control the largest possible number of corporate resources as well as the realization of individual goals at owners' cost lead to an inefficient usage of financial resources and implementation of investment projects which do not guarantee the highest return ratios. Treating the agency cost theory as a research platform will allow to analyse this issue in the light of decision makers' motivations, and to draw a conclusion that alongside the opportunities which these markets open, they also create many threats which have their roots in human nature.pl_PL
dc.language.isoplpl_PL
dc.publisherWydział Prawa i Administracji UAMpl_PL
dc.titleKOSZTY AGENCJI A EFEKTYWNOŚĆ WEWNĄTRZKORPORACYJNYCH RYNKÓW KAPITAŁOWYCHpl_PL
dc.title.alternativeAGENCY COST AND EFFICIENCY OF INTERNAL CAPITAL MARKETSpl_PL
dc.typeArtykułpl_PL
Appears in Collections:Ruch Prawniczy, Ekonomiczny i Socjologiczny, 2005, nr 3

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