Open AccessTopics In Finance Part VI Capital Budgeting
Author(s) -
Judy Laux
Publication year - 2011
Publication title -
american journal of business education
Language(s) - English
Resource type - Journals
eISSN - 1942-2512
pISSN - 1942-2504
DOI - 10.19030/ajbe.v4i7.4672
Subject(s) - corporate finance , capital budgeting , mainstream , agency (philosophy) , finance , shareholder , economics , principal–agent problem , money management , accounting , corporate governance , sociology , political science , social science , project appraisal , law
This series on the theory of financial management offers insight into the roles of stockholder wealth maximization, the risk-return tradeoff, and agency conflicts as they apply to major topics in finance. The current article investigates capital budgeting. Much literature addresses this topic, with a number of articles challenging mainstream theories, some investigating agency problems, and a few empirically testing the relationships taught in most managerial finance classrooms.