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CREATING VALUE THE APPROPRIATE USE OF CAPITAL BUDGETING

CREATING VALUE THE APPROPRIATE USE OF CAPITAL BUDGETING Traditional approaches to capital budgeting may be inadequate in today's complex business environment. This paper identifies problems with a narrow approach to capital budgeting and suggests several improvements. In particular, an example illustrates an optionbased approach to valuing managerial flexibility. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

CREATING VALUE THE APPROPRIATE USE OF CAPITAL BUDGETING

Managerial Finance , Volume 17 (5): 11 – May 1, 1991

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0307-4358
DOI
10.1108/eb013679
Publisher site
See Article on Publisher Site

Abstract

Traditional approaches to capital budgeting may be inadequate in today's complex business environment. This paper identifies problems with a narrow approach to capital budgeting and suggests several improvements. In particular, an example illustrates an optionbased approach to valuing managerial flexibility.

Journal

Managerial FinanceEmerald Publishing

Published: May 1, 1991

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