The theory and practice of corporate "nance: evidence from the "eld

Abstract

We survey 392 CFOs about the cost of capital, capital budgeting, and capital structure. Large rms rely heavily on present value techniques and the capital asset pricing model, while small rms are relatively likely to use the payback criterion. A surprising number of rms use rm risk rather than project risk in evaluating new investments. Firms are concerned about nancial #exibility and credit ratings when issuing debt, and earnings

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 86 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.