How effectively internal capital markets have contributed tothe reactions against the worldwide financial crisis caused by the the collapse of Lehman Brothers-

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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.