Showing 21 - 30 of 291
Persistent link: https://www.econbiz.de/10005158995
The purpose of this paper is to study capital budgeting in a setting where emphasis is on control over project selection. We construct a model of a multidivisional firm in which there are no constraints on investment and all projects have a positive net present value. Nevertheless, we show that...
Persistent link: https://www.econbiz.de/10005743048
Persistent link: https://www.econbiz.de/10001567084
Persistent link: https://www.econbiz.de/10008698433
Persistent link: https://www.econbiz.de/10004762322
Persistent link: https://www.econbiz.de/10003897294
Persistent link: https://www.econbiz.de/10003908025
Persistent link: https://www.econbiz.de/10002346270
Persistent link: https://www.econbiz.de/10002148462
Persistent link: https://www.econbiz.de/10002148490