Capital budgeting in the management-controlled firm

John Currie

doi:10.1016/0890-8389(89)90096-6

Capital budgeting in the management-controlled firm

John Currie

University College Cork

Research output: Contribution to a Journal (Peer & Non Peer) › Review article › peer-review

Abstract

Managers who wish to maximise their own utility are interested in minimising the total risk of the firm and in maximising the total value of its investment projects. This paper presents a capital budgeting model based on these twin objectives. To demonstrate the practical feasibility of the model, guidance is given on how to generate the necessary input data and on how to tailor the model to the specific needs of any given manager.

Original language	English
Pages (from-to)	255-266
Number of pages	12
Journal	The British Accounting Review
Volume	21
Issue number	3
DOIs	https://doi.org/10.1016/0890-8389(89)90096-6
Publication status	Published - Sep 1989
Externally published	Yes

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10.1016/0890-8389(89)90096-6

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title = "Capital budgeting in the management-controlled firm",

abstract = "Managers who wish to maximise their own utility are interested in minimising the total risk of the firm and in maximising the total value of its investment projects. This paper presents a capital budgeting model based on these twin objectives. To demonstrate the practical feasibility of the model, guidance is given on how to generate the necessary input data and on how to tailor the model to the specific needs of any given manager.",

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AB - Managers who wish to maximise their own utility are interested in minimising the total risk of the firm and in maximising the total value of its investment projects. This paper presents a capital budgeting model based on these twin objectives. To demonstrate the practical feasibility of the model, guidance is given on how to generate the necessary input data and on how to tailor the model to the specific needs of any given manager.

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DO - 10.1016/0890-8389(89)90096-6

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JO - The British Accounting Review

JF - The British Accounting Review

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Capital budgeting in the management-controlled firm

Abstract

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