TY - JOUR
AU - Kasanen, Eero
AB - Managerial practice differs from standard capital budgeting theory in a number of respects. For example, managers often take projects that have negative NPV e.g., R & D investments due to their flexibility, synergy strategic positioning etc. Furthermore, managers continue to use accountingbased measures in capital budgeting even though NPV is widely accepted as the only correct valuation measure. In fact, managers and strategists probably have always attempted to intuitively attach value to a variety of strategic and other concerns, even when they couldn't quantify them.
TI - An Integrated OptionsBased Strategic Planning and Control Model
JF - Managerial Finance
DO - 10.1108/eb013667
DA - 1991-02-01
UR - https://www.deepdyve.com/lp/emerald-publishing/an-integrated-optionsbased-strategic-planning-and-control-model-bfEBGaytQt
SP - 16
EP - 28
VL - 17
IS - 2/3
DP - DeepDyve
ER -