This is a preview. Log in through your library . Abstract The concept of need is central to the non-market allocation of many public resources, although the definition of need to serve as a basis for ...

When external capital markets are stressed they may not reallocate resources between firms. We show that resource allocation within firms' internal capital markets provides an important force ...

For decades, finance functions allocated resources based on historical data, intuition and a fixed annual budget cycle. This approach provided a stable foundation in predictable markets but lacked the ...