Polityka inwestycyjna w kontekście wewnętrznego rynku kapitałowego

Grzegorz Borkowski

Published : 2013-08-30

Vol. 49 No. 4 (2013)

Investment Policies in Terms of Internal Capital Market

Grzegorz Borkowski

Abstract

This article brings attention to the subject of Internal Capital Market (ICM) by showing the effects and consequences which appears as result of it. The paper presents phenomena which have a strong influence on the process of investment decision taking, as well as, crafting models of the investment process. The author is trying to find the link between these occurrences of ICM and two edge of agency problems. An attempt to show the weakness of the investment process is presented, which is realized with the Internal Capital Market, which becomes the tool for managers to attain their private goals, and is not used as an element of building competitive position for the company.(original abstract)

Keywords:

Capital market, Investment policy, Investment process, Investment decisions

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Borkowski, G. (2013). Investment Policies in Terms of Internal Capital Market. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 49(4). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1208

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