DeBoeuf, David; Lee, Hongbok; Johnson, Don; Masharuev, … - In: Managerial Finance 44 (2018) 2, pp. 241-256
Purpose: The purpose of this paper is to contribute to financial managers’ capital budgeting decision-making processes by proposing a new paradigm of capital investment appraisal. The expected return, required return structure of the proposed purchasing power return (PPR) methodology...