This paper studied the problems of value creation of internal capital markets by the theories of new institutional economics and basic resources. The result of this research showed that the value creation of internal capital markets was positive to the size of Supervisory Committee, managerial ownership and salary, interest cover, operating net cash flow and the proportion of the enterpriser who owns Master＇s degree or higher. And it was negative to managerial consistency in decisionmaking, enterpriser＇s average age and the size of the corpor...
