CREATING VALUE: THE APPROPRIATE USE OF CAPITAL BUDGETING

Traditional approaches to capital budgeting may be inadequate in today's complex business environment. This paper identifies problems with a narrow approach to capital budgeting and suggests several improvements. In particular, an example illustrates an option‐based approach to valuing managerial flexibility.

MoreLess

Year of publication:	1991
Authors:	Ehrhardt, Michael C. ; Reeve, James M.
Published in:	Managerial Finance. - MCB UP Ltd, ISSN 1758-7743, ZDB-ID 2047612-7. - Vol. 17.1991, 5, p. 3-13
Publisher:	MCB UP Ltd

More details

Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb013679 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014940767