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Capital Budgeting
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Capital Budgeting (1951)Capital BudgetingFrom Knightian uncertainty to real‐structuredness: Further opening the judgment black box (2022)From Knightian uncertainty to…Behaviour of Individual Investors in Stock Market Trading: Evidence from India (2018)Behaviour of Individual Inves…Why Do Firms Use High Discount Rates? 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Industry (1989)The Development of Discounted…CAPITAL RATIONING: n AUTHORS IN SEARCH OF A PLOT (1977)CAPITAL RATIONING: n AUTHORS …The Shaky Foundations of Capital Budgeting (1976)The Shaky Foundations of Capi…Laplace Transforms for the Economic Analysis of Deterministic Problems in Engineering (1971)Laplace Transforms for the Ec…Capital Budgeting and the Multinational Corporation (1968)Capital Budgeting and the Mul…The Pricing of Options and Corporate Liabilities (1973)Evaluating Structural Equation Models with Unobservable Variables and Measurement Error (1981)Structural equation modeling in practice: A review and recommended two-step approach. (1988)Financial attitude based segmentation of women in India: an exploratory study (2016)Public participation in wind energy projects located in Germany: Which form of participation is the key to acceptance? (2017)Investment Intention and Decision Making: A Systematic Literature Review and Future Research Agenda (2023)The Investment, Financing, and Valuation of the Corporation (1963)A Behavioral Theory of the Firm (1964)The foreign investment decision process (1966)Capital budgeting for the multinational corporation**This article is reprinted, with permission, from Financial Management (Spring 1978) pp 7–16 (1983)Pricing Expropriation Risk (1990)USING DISCOUNTED CASH FLOW ANALYSIS IN AN INTERNATIONAL SETTING: A SURVEY OF ISSUES IN MODELING THE COST OF CAPITAL (1998)Three Problems in Rationing Capital (1955)On the Theory of Optimal Investment Decision (1958)Mathematical Programming and the Analysis of Capital Budgeting Problems. (1964)A Multiple Objective Approach to Capital Budgeting (1979)ALLOCATING CAPITAL AMONG A FIRM'S DIVISIONS: HURDLE RATES VS. BUDGETS (1987)Optimal project selection when borrowing and lending rates differ (1999)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)UK capital budgeting practices: some additional survey evidence (1996)PROJECT RISK ASSESSMENT: A EUROPEAN FIELD STUDY (1999)Risk management consideration in the bioeconomy (2017)Determinants of corporate borrowing (1977)Separating project risk from the time value of money: A step toward integration of risk management and valuation of infrastructure investments (2014)Towards sustainable mining (Part I): Valuing investment opportunities in the mining sector (2017)Economic Evaluation of Oil and Gas Projects: Justification of Engineering Solutions in the Implementation of Field Development Projects (2022)Strategy and Structure: Chapters in the History of the American Industrial Enterprise (1962)The Visible Hand: The Managerial Revolution in American Business (1978)Principles of Corporate Finance. (1981)Capital budgeting, technological innovation and the emerging competitive environment of the electric power industry (1996)Capital Budgeting in a Fast-Changing World (1998)Accounting innovation beyond the enterprise: Problematizing investment decisions and programming economic growth in the U.K. in the 1960s (1991)Genealogies of calculation (1993)The theory and practice of corporate finance: evidence from the field (2001)Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)FRUITS OF FAILURE: ORGANIZATIONAL FAILURE AND POPULATION LEVEL LEARNING. (1996)Capitalism, Socialism and Democracy (1997)A Review of the Literature on Capital Budgeting and Investment Appraisal: Past, Present, and Future Musings (2006)Financialized Corporations in a National Innovation System: The U.S. Pharmaceutical Industry (2018)Prospect Theory: An Analysis of Decision under Risk (1979)The Impact of Behavioural Finance on Investment Decision-making: A Study of Selected Investment Banks in Nigeria (2019)Is Awareness That Powerful? Women’s Financial Literacy Support to Prospects Behaviour in Prudent Decision-making (2021)A hybrid decision support system for adaptive trading strategies: Combining a rule-based expert system with a deep reinforcement learning strategy (2023)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)The Cross-Section of Expected Stock Returns (1992)Financing intangible capital (2019)Presidential Address: Corporate Finance and Reality (2021)Stranded assets and reduced profits: Analyzing the economic underpinnings of the fossil fuel industry's resistance to climate stabilization (2022)
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  • 2014Why Do Firms Use High Discount Rates?147 cited
  • 1994Capital-Budgeting Systems and Capabilities Investments in U.S. Companies after the Second World War103 cited
  • 1977CAPITAL RATIONING: n AUTHORS IN SEARCH OF A PLOT78 cited
  • 2013Decoupled NPV: a simple, improved method to value infrastructure investments70 cited
  • 2018Behaviour of Individual Investors in Stock Market Trading: Evidence from India65 cited
  • 2013Factors affecting investment intentions: A consumer behaviour perspective63 cited
  • 1989The Development of Discounted Cash Flow Techniques in U. S. Industry48 cited
  • 1991Risk Analysis in Capital Budgeting Contexts Simple or Sophisticated?46 cited
  • 1968Capital Budgeting and the Multinational Corporation45 cited
  • 2014Décompter le futur43 cited
  • 2011Management of lifecycle costs and benefits: Lessons from information systems practice42 cited
  • 2010Capital Budgeting and Other Investment Decisions40 cited
  • 2022From Knightian uncertainty to real‐structuredness: Further opening the judgment black box37 cited
  • 1976The Shaky Foundations of Capital Budgeting34 cited
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Laplace Transforms for the Economic Analysis of Deterministic Problems in Engineering
33 cited
  • 1989Trends in the use of management science techniques in capital budgeting30 cited