8Aghion,P.,P.Bolton.1992.An Incomplete Contract Approach to Financial Contacting.Review of Economic Studies 59:473～494.
9Baron,R.M.,D.A.Kenny.1986.The Moderator-mediator Variable Distinction in Social Psychological Research:Conceptual,Strategic,and Statistical Considerations.Journal of Personality and Social Psychology 51:1173～1182.
10Chang,S.J.2003.Ownership Structure,Expropriation,and Performance of Group-affiliated Companies in Korea.Academy of Management Journal Vol.46,No.2:238～253.
2Myers-Majlu Corporate Financing and Investment Decisions when Firms Have Information That In- vestors Do not Have [J].Joumal of Financial Eco- nomics, 1984(13) : 187-221.
3Stein J C. Internal Capital Markets and the Com- petition for Corporate Resources [J] . Journal of Finance, 1997(52) 111-133.
4Heitor Almeida Daniel Wolfenzon.Extemal Fi- nance,Internal Capital Markets and the Real Economy.2002(3).
5Pavel v i k. Financial Frictions,Internal Capital Markets,and the Organization of Production.2010(4).
