Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10013444489
Capital rationing is an empirically well-documented phenomenon. This constraint requires managers to make investment decisions between mutually exclusive investment opportunities. In a multiperiod agency setting, this paper analyses accounting rules that provide managerial incentives for...
Persistent link: https://www.econbiz.de/10010316305