internal capital markets, offset this credit supply shock through internal funding, shielding them from negative real effects …. We find that non-UK subsidiaries play a crucial role in internal capital markets by securing external financing and … imply negative real effects, firms integrated into global networks mitigate these impacts through internal capital markets. …

internal capital markets, offset this credit supply shock through internal funding, shielding them from negative real effects …. We find that non-UK subsidiaries play a crucial role in internal capital markets by securing external financing and … imply negative real effects, firms integrated into global networks mitigate these impacts through internal capital markets. …

internal capital markets, offset this credit supply shock through internal funding, shielding them from negative real effects …. We find that non-UK subsidiaries play a crucial role in internal capital markets by securing external financing and … imply negative real effects, firms integrated into global networks mitigate these impacts through internal capital markets. …

internal capital markets, offset this credit supply shock through internal funding, shielding them from negative real effects …. We find that non-UK subsidiaries play a crucial role in internal capital markets by securing external financing and … imply negative real effects, firms integrated into global networks mitigate these impacts through internal capital markets. …

provide support for a largely unexplored bright side of internal capital markets. …

provide support for a largely unexplored bright side of internal capital markets. …