| 中文摘要 | 第1-11页 |
| Abstract | 第11-12页 |
| 1.Introduction | 第12-16页 |
| 2.Literature Summary | 第16-27页 |
| ·Theory on ICM | 第16-19页 |
| ·Empirical findings | 第19-21页 |
| ·Literature Summary in Emerging Market | 第21-25页 |
| ·Our research scope | 第25-27页 |
| 3.Data Sample and Descriptive Statistics | 第27-36页 |
| ·Sample Design | 第27-30页 |
| ·Descriptive Statistics | 第30-32页 |
| ·Variable Construction | 第32-36页 |
| 4.Measures of internal capital market efficiency in Chinese Conglomerate | 第36-44页 |
| ·Popular measurement criteria for ICM efficiency | 第36-39页 |
| ·Our Models | 第39-41页 |
| ·Statistic tools | 第41-42页 |
| ·The result | 第42-44页 |
| 5.Analysis on the factors influencing ICM efficiency: | 第44-54页 |
| ·Diversified versus undiversified firm | 第45-46页 |
| ·Highly leveraged versus low leveraged | 第46-48页 |
| ·Concentrated share structure versus dispersed share structure | 第48-49页 |
| ·Controlling share holder with State-owned-enterprise(SOE) background versus non-SOE background | 第49-51页 |
| ·Strong corporate governance system versus weak corporate governance system | 第51-52页 |
| ·Large intersegment transactions versus small intersegment transactions | 第52-54页 |
| 6.A proposal model for the capital budgeting decision from conglomerate perspective: | 第54-58页 |
| ·Screen Model | 第54-55页 |
| ·Testing | 第55-58页 |
| 7.Summary and Conclusion: | 第58-61页 |
| 8.Appendix(Stock selection model by Dana Achour and Campbell R Harvey,1999,"Stock selection in Mexico"): | 第61-64页 |
| 9.Reference | 第64-67页 |
| 后记:致谢 | 第67-68页 |
