| Budget Amount *help |
¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000)
Fiscal Year 2012: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2010: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Research Abstract |
The significance of internal capital markets, cash flow transfers between business line segments inside a firm, lies in the strategic allocation of resource of funds from stagnant to prominent segments. Based on the business line segments data of about five hundred Japanese listed firms, we have confirmed firms which underwent effective transfers between segments in the period of just after the IT bubble in the year of 2000 rather than its subsequent period of macro-economic recovery, reveal higher performance in a sense of capital expenditures and return on assets.
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