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Capital budgeting and delegation1We thank Bhagwan Chowdhry, Yaniv Grinstein, an anonymous referee, and seminar participants at Columbia, Duke, Hong Kong University of Science and Technology, Indiana, Tel Aviv, Vanderbilt, and the European Finance Association Meetings (Vienna, 1997).1
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Capital budgeting and delegation1We thank Bhagwan Chowdhry, Yaniv Grinstein, an anonymous referee, and seminar participants at Columbia, Duke, Hong Kong University of Science and Technology, Indiana, Tel Aviv, Vanderbilt, and the European Finance Association Meetings (Vienna, 1997).1 (1998)Capital budgeting and delegation1We thank…Internal Capital Markets and the Competition for Corporate Resources (1997)Internal Capital Markets and …The Capital Budgeting Process: Incentives and Information (1996)The Capital Budgeting Process…Internal versus External Capital Markets (1994)Internal versus External Capi…Risk, managerial effort, and project choice (1992)Risk, managerial effort, and …Resource Rationing and Organizational Slack in a Two-Period Model (1990)Resource Rationing and Organi…Investment “Myopia” and the Internal Organization of Capital Allocation Decisions (1990)Investment “Myopia” and the I…Samurai Accountant: A Theory of Auditing and Plunder (1987)Samurai Accountant: A Theory …Managerial Incentives and Capital Management (1986)Managerial Incentives and Cap…Executive Effort and Selection of Risky Projects (1986)Executive Effort and Selectio…Capital Budgeting Practices of Twelve Large Manufacturers (1986)Capital Budgeting Practices o…Capital Rationing and Organizational Slack in Capital Budgeting (1985)Capital Rationing and Organiz…Asymmetric Information, Incentives and Intrafirm Resource Allocation (1982)Asymmetric Information, Incen…Optimal contracts and competitive markets with costly state verification (1979)Optimal contracts and competi…SURVEY AND ANALYSIS OF CAPITAL BUDGETING METHODS (1978)SURVEY AND ANALYSIS OF CAPITA…A Survey of Capital Budgeting Techniques Used by Major U.S. Firms (1977)A Survey of Capital Budgeting…SURVEY OF CAPITAL BUDGETING: THEORY AND PRACTICE (1970)SURVEY OF CAPITAL BUDGETING: …Optimal Dynamic Capital Budgeting (2018)Optimal Dynamic Capital Budge…How Organizational Hierarchy Affects Information Production (2018)How Organizational Hierarchy …Resource Allocation and Organizational Form (2010)Resource Allocation and Organ…How Entrenchment, Incentives and Governance Influence REIT Capital Structure (2010)How Entrenchment, Incentives …Subsidiary debt, capital structure and internal capital markets☆ (2009)Subsidiary debt, capital stru…Optimal capital allocation using RAROC™ and EVA® (2007)Optimal capital allocation us…Dividend Policy inside the Multinational Firm (2007)Dividend Policy inside the Mu…A Review of the Literature on Capital Budgeting and Investment Appraisal: Past, Present, and Future Musings (2006)A Review of the Literature on…Internal Competition for Corporate Resources and Incentives in Teams (2004)Internal Competition for Corp…Decision Processes, Agency Problems, and Information: An Economic Analysis of Capital Budgeting Procedures (2004)Decision Processes, Agency Pr…Credit Ratings as Coordination Mechanisms (2004)Credit Ratings as Coordinatio…Why the NPV Criterion does not Maximize NPV (2003)Why the NPV Criterion does no…Do dealer firms manage inventory on a stock-by-stock or a portfolio basis? (2003)Do dealer firms manage invent…Delegated Investment Decisions and Private Benefits of Control (2003)Delegated Investment Decision…Capital Budgeting in Multidivision Firms: Information, Agency, and Incentives (2003)Capital Budgeting in Multidiv…Influence and Inefficiency in the Internal Capital Market (1999)Influence and Inefficiency in…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)The theory and practice of corporate finance: evidence from the field (2001)Liquidity and leverage (2008)Who makes acquisitions? 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References

  • 1979Optimal contracts and competitive markets with costly state verification3,201 cited
  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • 1986Managerial Incentives and Capital Management671 cited
  • 1994Internal versus External Capital Markets664 cited
  • 1982Asymmetric Information, Incentives and Intrafirm Resource Allocation478 cited
  • 1985Capital Rationing and Organizational Slack in Capital Budgeting450 cited
  • 1996The Capital Budgeting Process: Incentives and Information386 cited
  • 1970SURVEY OF CAPITAL BUDGETING: THEORY AND PRACTICE381 cited
  • 1987Samurai Accountant: A Theory of Auditing and Plunder334 cited
  • 1986Executive Effort and Selection of Risky Projects325 cited
  • 1977A Survey of Capital Budgeting Techniques Used by Major U.S. Firms322 cited
  • 1978SURVEY AND ANALYSIS OF CAPITAL BUDGETING METHODS282 cited
  • 1992Risk, managerial effort, and project choice259 cited
  • 1986Capital Budgeting Practices of Twelve Large Manufacturers180 cited
  • 1990Investment “Myopia” and the Internal Organization of Capital Allocation Decisions121 cited

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Resource Rationing and Organizational Slack in a Two-Period Model
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