Title: On the Theory of Optimal Investment Decision
Abstract: Previous articleNext article No AccessOn the Theory of Optimal Investment DecisionJ. HirshleiferJ. HirshleiferPDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 66, Number 4Aug., 1958 Article DOIhttps://doi.org/10.1086/258057 Views: 184Total views on this site Citations: 337Citations are reported from Crossref Copyright 1958 The University of ChicagoPDF download Crossref reports the following articles citing this article:Carlo Alberto Magni The Split-Screen Approach for Project Appraisal (Part I: The Theory), Journal of Risk and Financial Management 16, no.33 (Mar 2023): 155.https://doi.org/10.3390/jrfm16030155Tiago Cardao-Pito Prevalence of Fisher's theory in mainstream accounting and economic research, Accounting History 9 (Jan 2023): 103237322211447.https://doi.org/10.1177/10323732221144799Waleed M. Al-Ahdal, Faozi A. Almaqtari, Dheya A. Zaid, Eissa A. Al-Homaidi, Najib H. Farhan Corporate characteristics and leverage: evidence from Gulf countries, PSU Research Review 6, no.22 (Dec 2020): 120–140.https://doi.org/10.1108/PRR-01-2020-0001Robert D. Cairns MEASUREMENT OF DIVERSE, IRREVERSIBLE CAPITAL, Review of Income and Wealth 81 (Aug 2022).https://doi.org/10.1111/roiw.12614Oscar Mauricio Gómez Miranda La franquicia: de la inversión al emprendimiento, Región Científica 1, no.11 (Jul 2022): 69–82.https://doi.org/10.55204/rc.v1i1.30Oscar Mauricio Gómez Miranda The franchise: from investment to entrepreneurship, Región Científica (Jul 2022).https://doi.org/10.58763/rc20229Hirotada Kohno, Yoshiro Higano Public Investment Criteria: A Tentative-Specific Survey on the Benefit–Cost Analysis in the Early Years, (Jan 2022): 1–28.https://doi.org/10.1007/978-4-431-55221-5_1Reinhard H. Schmidt Zur Entwicklung auf dem Arbeitsgebiet der Unternehmensfinanzierung als Teil der deutschen Betriebswirtschaftslehre, (Jul 2022): 243–270.https://doi.org/10.1007/978-3-658-35155-7_10Juan Beccuti, Marc Möller Screening by mode of trade, Games and Economic Behavior 129 (Sep 2021): 400–420.https://doi.org/10.1016/j.geb.2021.06.010A. A. Shananin Mathematical Modeling of Investments in an Imperfect Capital Market, Proceedings of the Steklov Institute of Mathematics 313, no.S1S1 (Jul 2021): S175–S184.https://doi.org/10.1134/S0081543821030184Gilbert Fridgen, Marc-Fabian Körner, Steffen Walters, Martin Weibelzahl Not All Doom and Gloom: How Energy-Intensive and Temporally Flexible Data Center Applications May Actually Promote Renewable Energy Sources, Business & Information Systems Engineering 63, no.33 (Mar 2021): 243–256.https://doi.org/10.1007/s12599-021-00686-zGordon Hazen, Carlo Alberto Magni Average internal rate of return for risky projects, The Engineering Economist 66, no.22 (May 2021): 90–120.https://doi.org/10.1080/0013791X.2021.1894284Pradeep Kumar Rangi, P. S. Aithal Literature Survey and Research Agenda of Risk Determinants in Indian Equities and Machine Learning, International Journal of Management, Technology, and Social Sciences (Mar 2021): 83–109.https://doi.org/10.47992/IJMTS.2581.6012.0131Sunitha Sadula, Natalia Rodriguez Quiroz, Abhay Athaley, Elvis Osamudiamhen Ebikade, Marianthi Ierapetritou, Dionisios G. Vlachos, Basudeb Saha One-step lignocellulose depolymerization and saccharification to high sugar yield and less condensed isolated lignin, Green Chemistry 23, no.33 (Jan 2021): 1200–1211.https://doi.org/10.1039/D0GC04119JJohannes Wildberg, Bernhard Möhring Continuous timber harvest — Costly restriction or profitable solution?, Forest Policy and Economics 123 (Feb 2021): 102349.https://doi.org/10.1016/j.forpol.2020.102349Pradeep Kumar Rangi, P. S. Aithal Literature Survey and Research Agenda of Risk Determinants in Indian Equities and Machine Learning, SSRN Electronic Journal 30 (Jan 2021).https://doi.org/10.2139/ssrn.3805394J. Brandon Bolen, Gregory Elliehausen, Thomas W. Miller DO CONSUMERS NEED MORE PROTECTION FROM SMALL‐DOLLAR LENDERS? HISTORICAL EVIDENCE AND A ROADMAP FOR FUTURE RESEARCH, Economic Inquiry 58, no.44 (Apr 2020): 1577–1613.https://doi.org/10.1111/ecin.12894Xudong Rao, Terrance M. Hurley, Philip G. Pardey Recalibrating the reported returns to agricultural R&D: what if we all heeded Griliches?*, Australian Journal of Agricultural and Resource Economics 64, no.33 (Jul 2020): 977–1001.https://doi.org/10.1111/1467-8489.12388Lindon J. Robison, Peter J. Barry Accrual income statements and present value models, Agricultural Finance Review 80, no.55 (Jun 2020): 715–731.https://doi.org/10.1108/AFR-11-2019-0123Giuseppe Munda, Agata Matarazzo On the impossibility of using "the correct" cost–benefit aggregation rule, Journal of Economic Studies ahead-of-print, no.ahead-of-printahead-of-print (Apr 2020).https://doi.org/10.1108/JES-06-2019-0269Nousheen Tariq Bhutta, Biagio Simonetti, Viviana Ventre Does Islamic Capital Asset Pricing Model Outperform Conventional Capital Asset Pricing Model?, (Nov 2019): 471–482.https://doi.org/10.1007/978-3-030-30659-5_27Barry R. Chiswick Differences in Education and Earnings Across Racial and Ethnic Groups: Tastes, Discrimination and Investments in Child Quality, (Jul 2020): 227–250.https://doi.org/10.1007/978-3-030-41243-2_12Stefan Behringer Die Entwicklung der deutschen Unternehmensbewertung – Investitionstheoretischer Ansatz, (Feb 2020): 53–77.https://doi.org/10.1007/978-3-658-28703-0_4Stefan Behringer Die Entwicklung der angelsächsischen Unternehmensbewertung – kapitalmarktorientierter Ansatz, (Feb 2020): 79–102.https://doi.org/10.1007/978-3-658-28703-0_5Abhay Athaley, Basudeb Saha, Marianthi Ierapetritou Biomass‐based chemical production using techno‐economic and life cycle analysis, AIChE Journal 65, no.99 (Jun 2019).https://doi.org/10.1002/aic.16660Abhay Athaley, Praneeth Annam, Basudeb Saha, Marianthi Ierapetritou Techno-economic and life cycle analysis of different types of hydrolysis process for the production of p-Xylene, Computers & Chemical Engineering 121 (Feb 2019): 685–695.https://doi.org/10.1016/j.compchemeng.2018.11.018Lutz Kruschwitz, Andreas Löffler, Daniela Lorenz Divergent interest rates in the theory of financial markets, The Quarterly Review of Economics and Finance 71 (Feb 2019): 48–55.https://doi.org/10.1016/j.qref.2018.09.003Zane L. Swanson Supply and Demand of Information for Firm Valuation, SSRN Electronic Journal (Jan 2019).https://doi.org/10.2139/ssrn.3445446A. A. Shananin, M. P. Vashchenko, Sh. Zhang Financial Bubbles Existence in the Cantor–Lippman Model for Continuous Time, Lobachevskii Journal of Mathematics 39, no.77 (Sep 2018): 929–935.https://doi.org/10.1134/S1995080218070181George Psacharopoulos Benefits and Costs of the Education Targets for the Post-2015 Development Agenda, (Jun 2018): 119–142.https://doi.org/10.1017/9781108233767.008Gregory Elliehausen, Simona M. Hannon The Credit Card Act and consumer finance company lending, Journal of Financial Intermediation 34 (Apr 2018): 109–119.https://doi.org/10.1016/j.jfi.2018.01.007Peter N. Golder, Dmitri G. Markovitch, Jonathan P. O'Brien When do investors reward acquisitions and divestitures? The contrasting implications of normative and behavioral economic theories, Managerial and Decision Economics 39, no.22 (Oct 2017): 226–239.https://doi.org/10.1002/mde.2898Christian Toll Zur Bewertung einer Unternehmensspaltung aus Sicht der Anteilseigner des zu spaltenden Unternehmens, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 70, no.1-21-2 (Dec 2017): 155–204.https://doi.org/10.1007/s41471-017-0045-xElmar Gerum, Sascha H. Mölls, Chunqian Shen Corporate governance, capital market orientation and firm performance: empirical evidence for large publicly traded German corporations, Journal of Business Economics 88, no.22 (Jul 2017): 203–252.https://doi.org/10.1007/s11573-017-0873-5Philip G. Pardey, Julian M. Alston, Connie Chan-Kang, Terrance M. Hurley, Robert S. Andrade, Steven P. Dehmer, Kyuseon Lee, Xudong Rao The Shifting Structure of Agricultural R&D: Worldwide Investment Patterns and Payoffs, (Nov 2017): 13–39.https://doi.org/10.1007/978-3-319-67958-7_2Walther Busse von Colbe, Frank Witte Grundlagen der Investitionstheorie, (Sep 2018): 1–49.https://doi.org/10.1007/978-3-662-57907-7_1Walther Busse von Colbe, Frank Witte Der interne Zins einer Investition, (Sep 2018): 123–154.https://doi.org/10.1007/978-3-662-57907-7_3Martin Steinrücke, Wolfgang Albrecht , Journal of Business Economics 88, no.66 ( 2018): 799.https://doi.org/10.1007/s11573-017-0883-3Harald Hagemann Internal Rate of Return, (Feb 2018): 6692–6695.https://doi.org/10.1057/978-1-349-95189-5_798Alexander Zhevnyak Operating Profitableness of Investment Projects. In Search of a Fictional Rate (Операционная доходность инвестиционных проектов. В поисках вымышленной ставки), SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3261896Alexander Zhevnyak ОПЕРАЦИОННАЯ ДОХОДНОСТЬ ИНВЕСТИЦИОННЫХ ПРОЕКТОВ. В ПОИСКАХ ВЫМЫШЛЕННОЙ СТАВКИ (Operating Profitableness of Investment Projects. In Search of a Fictional Rate), SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3271803Jorge H. F. Mota, Mário João Coutinho dos Santos Does Internal Capital Market Membership Matter for Capital Allocation? Theory and Evidence from the Euro Area, SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3307123Richard M. Frankel, S.P. Kothari, Luo Zuo Why Shareholder Wealth Maximization despite Other Objectives, SSRN Electronic Journal 82 (Jan 2018).https://doi.org/10.2139/ssrn.3165085Graham Bornholt What is an Investment Project's Implied Rate of Return?, Abacus 53, no.44 (Dec 2016): 513–526.https://doi.org/10.1111/abac.12093, Svitlana Ilchenko, , Ganna Glushko Investment attractiveness of the port industry in crisis conditions, Investment Management and Financial Innovations 14, no.33 (Nov 2017): 251–260.https://doi.org/10.21511/imfi.14(3-1).2017.09Morris G. Danielson Double vision: Insights about the origin and interpretation of multiple IRRs, The Engineering Economist 8 (Nov 2017): 1–19.https://doi.org/10.1080/0013791X.2017.1391361 The Time Value of Money and Net Present Value, (Sep 2017): 267–283.https://doi.org/10.1002/9781119424444.ch16Lu Zhang The Investment CAPM, European Financial Management 23, no.44 (Sep 2017): 545–603.https://doi.org/10.1111/eufm.12129Santiago Valcacer Rodrigues, Heber José de Moura, David Ferreira Lopes Santos, Vinicius Amorim Sobreiro Capital structure management differences in Latin American and US firms after 2008 crisis, Journal of Economics, Finance and Administrative Science 22, no.4242 (Jun 2017): 51–74.https://doi.org/10.1108/JEFAS-01-2017-0008Jane Brown, Anders Wäppling, Helen Woodruffe-Burton, Kate Black The orbit of consumer credit choices, Journal of Financial Services Marketing 22, no.22 (Apr 2017): 85–96.https://doi.org/10.1057/s41264-017-0026-5, Gregory Elliehausen, , Simona M. Hannon The Credit Card Act and Consumer Finance Company Lending, Finance and Economics Discussion Series 2017, no.072072 (Jun 2017).https://doi.org/10.17016/FEDS.2017.072James F. Oehmke Re‐Examining the Reported Rates of Return to Food and Agricultural Research and Development: Comment, American Journal of Agricultural Economics 99, no.33 (Dec 2016): 818–826.https://doi.org/10.1093/ajae/aaw080Terrance M. Hurley, Xudong Rao, Philip G. Pardey Re‐Examining the Reported Rates of Return to Food and Agricultural Research and Development: Reply, American Journal of Agricultural Economics 99, no.33 (Dec 2016): 827–836.https://doi.org/10.1093/ajae/aaw079Gunnar Eliasson Theories, Choice of Models, and Estimation Methods: The Problem of Empirical Credibility, (Nov 2017): 291–364.https://doi.org/10.1007/978-3-319-66993-9_13Robert Stretcher, Mary Funck, Steve Johnson Capital investment and non-constant marginal cost of capital, Journal of Economics and Finance 41, no.11 (Jul 2015): 27–50.https://doi.org/10.1007/s12197-015-9329-3Carlo Alberto Magni, John D. Martin The Reinvestment Rate Assumption Fallacy for IRR and NPV, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.3090678Zane L. Swanson, Richard Alltizer A Comparison of the Clean Surplus And Prospect Theory Valuation Models, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.3097761Ramya Rajajagadeesan Aroul Optimizing Investment Decisions Using DCF, Decision Tree Analysis, and Real Options Analysis, (Jan 2017): 98–114.https://doi.org/10.4018/978-1-5225-1054-3.ch004Carlo Alberto Magni Capital depreciation and the underdetermination of rate of return: A unifying perspective, Journal of Mathematical Economics 67 (Dec 2016): 54–79.https://doi.org/10.1016/j.jmateco.2016.09.007Svetlana Saksonova, Svetlana Savina Financial Management as a Tool for Achieving Stable Firm Growth, Economics and Business 29, no.11 (Sep 2016): 49–55.https://doi.org/10.1515/eb-2016-0021Hirotada Kohno Time-Saved Evaluation and Social Discount Rate, (Dec 2016): 23–39.https://doi.org/10.1007/978-4-431-55224-6_2Christos Mavridis, Marco Serena Complete Information Pivotal-Voter Model with Asymmetric Group Size, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2874414Adam J. Greiner Aggressive Real Earnings Management and the Value of Firm Cash Holdings, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2882087Ewelina Sokołowska Alternative Investments on Contemporary Financial Market, (Jan 2016): 1–20.https://doi.org/10.1007/978-3-319-13215-0_1 The Time Value of Money and Net Present Value, (Dec 2015): 269–284.https://doi.org/10.1002/9781119208372.ch16Reinhard H. Schmidt Theoriegeschichte, Methodologie, Unternehmenstheorie und Finanzierung im Werk von Dieter Schneider, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 67, no.44 (Aug 2016): 466–489.https://doi.org/10.1007/BF03373028Zhaojia Lin, Marianthi Ierapetritou, Vladimiros Nikolakis Phthalic anhydride production from hemicellulose solutions: Technoeconomic analysis and life cycle assessment, AIChE Journal 61, no.1111 (Jul 2015): 3708–3718.https://doi.org/10.1002/aic.14921Saskia Ellenbeck, Andreas Beneking, Andrzej Ceglarz, Peter Schmidt, Antonella Battaglini Security of Supply in European Electricity Markets—Determinants of Investment Decisions and the European Energy Union, Energies 8, no.66 (Jun 2015): 5198–5216.https://doi.org/10.3390/en8065198Ean-Harn Ng, Mario G. Beruvides Multiple Internal Rate of Return Revisited: Frequency of Occurrences, The Engineering Economist 60, no.11 (Jun 2014): 75–87.https://doi.org/10.1080/0013791X.2013.865149Michael Olbrich, Tobias Quill, David J. Rapp Business Valuation Inspired by the Austrian School, Journal of Business Valuation and Economic Loss Analysis 10, no.11 (Jan 2015): 1–43.https://doi.org/10.1515/jbvela-2014-0001Zane L. Swanson How Robust Is the Performance of Growth Options of R&D and Capital Expenditures?, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2377031Alexander D.F. Lahmann, Maximilian Schreiter, Bernhard Schwetzler Modelling Dynamic Redemption and Default Risk for LBO Evaluation: A Boundary Crossing Approach, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2563557Rainer Niemann, Caren Sureth-Sloane Investment Effects of Wealth Taxes Under Uncertainty and Irreversibility, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2685104Lu Zhang The Investment CAPM, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2699190Walther Busse von Colbe, Gert Laßmann, Frank Witte Der interne Zins einer Investition, (Sep 2015): 123–154.https://doi.org/10.1007/978-3-662-46987-3_3Walther Busse von Colbe, Gert Laßmann, Frank Witte Grundlagen der Investitionstheorie, (Sep 2015): 1–49.https://doi.org/10.1007/978-3-662-46987-3_1Rudi Palmieri Corporate Argumentation in Takeover Bids, 8 (Oct 2014).https://doi.org/10.1075/aic.8Terrance M. Hurley, Xudong Rao, Philip G. Pardey Re‐examining the Reported Rates of Return to Food and Agricultural Research and Development, American Journal of Agricultural Economics 96, no.55 (Oct 2014): 1492–1504.https://doi.org/10.1093/ajae/aau047Frank Figge, Tobias Hahn, Ralf Barkemeyer The If, How and Where of assessing sustainable resource use, Ecological Economics 105 (Sep 2014): 274–283.https://doi.org/10.1016/j.ecolecon.2014.06.010Carlo Alberto Magni Mathematical Analysis of Average Rates of Return and Investment Decisions: The Missing Link, The Engineering Economist 59, no.33 (Jul 2014): 175–206.https://doi.org/10.1080/0013791X.2014.881174Zhaojia Lin, Vladimiros Nikolakis, Marianthi Ierapetritou Alternative Approaches for p -Xylene Production from Starch: Techno-Economic Analysis, Industrial & Engineering Chemistry Research 53, no.2626 (Jun 2014): 10688–10699.https://doi.org/10.1021/ie402469jThomas A. Weber On the (non-)equivalence of IRR and NPV, Journal of Mathematical Economics 52 (May 2014): 25–39.https://doi.org/10.1016/j.jmateco.2014.03.006Uwe Götze Modelle für Programmentscheidungen bei Sicherheit, (Dec 2014): 309–365.https://doi.org/10.1007/978-3-642-54622-8_6Natalia Papagno Itx Testing, this is a Test Paper, Ignore it., SSRN Electronic Journal (Jan 2014).https://doi.org/10.2139/ssrn.2395205Uwe Götze Modelle für Vorteilhaftigkeitsentscheidungen bei einer Zielgröße, (Dec 2014): 55–184.https://doi.org/10.1007/978-3-642-54622-8_3Rob Bryer Americanism and financial accounting theory – Part 3: Adam Smith, the rise and fall of socialism, and Irving Fisher's theory of accounting, Critical Perspectives on Accounting 24, no.7-87-8 (Nov 2013): 572–615.https://doi.org/10.1016/j.cpa.2012.09.004Zhaojia Lin, Marianthi Ierapetritou, Vladimiros Nikolakis Aromatics from Lignocellulosic Biomass: Economic Analysis of the Production of p-Xylene from 5-Hydroxymethylfurfural, AIChE Journal 59, no.66 (Feb 2013): 2079–2087.https://doi.org/10.1002/aic.13969Tom Arnold, Terry Nixon Alternative Methods of Evaluating Capital Investments, (May 2013): 79–94.https://doi.org/10.1002/9781118258422.ch5Veronica Vecchi, Mark Hellowell, Stefano Gatti Does the private sector receive an excessive return from investments in health care infrastructure projects? Evidence from the UK, Health Policy 110, no.2-32-3 (May 2013): 243–270.https://doi.org/10.1016/j.healthpol.2012.12.010Joan Pasqual, Emilio Padilla, Evans Jadotte Technical note: Equivalence of different profitability criteria with the net present value, International Journal of Production Economics 142, no.11 (Mar 2013): 205–210.https://doi.org/10.1016/j.ijpe.2012.11.007Gerrit Brosel, Martin Toll, Mario Zimmermann Lessons learned from the financial crisis - unveiling alternative approaches within valuation and accounting theory, FINANCIAL REPORTING , no.44 (Mar 2013): 87–107.https://doi.org/10.3280/FR2012-004006M. Shahid Ebrahim, Ike Mathur On the efficiency of the UPREIT organizational form: Implications for the subprime crisis and CDO's, Journal of Economic Behavior & Organization 85 (Jan 2013): 286–305.https://doi.org/10.1016/j.jebo.2012.02.015Veronica Vecchi, Mark Hellowell Securing a Better Deal From Investors in Public Infrastructure Projects, Public Management Review 15, no.11 (Jan 2013): 109–129.https://doi.org/10.1080/14719037.2012.686232Thomas A. Weber On the (Non-) Equivalence of IRR and NPV, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2220624Antonio Argandooa Irving Fisher: A Great Economist (Irving Fisher: Un Gran Economista), SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2537628S. Maier, A. Street Model for the economic feasibility of energy recovery from municipal solid waste in Brazil, (Sep 2012): 1–10.https://doi.org/10.1109/TDC-LA.2012.6319061Paul A. Samuelson Economics of Forestry in an Evolving Society, Journal of Natural Resources Policy Research 4, no.33 (Jul 2012): 173–195.https://doi.org/10.1080/19390459.2012.719315Sascha O. Becker, Peter H. Egger, Maximilian von Ehrlich Too much of a good thing? On the growth effects of the EU's regional policy, European Economic Review 56, no.44 (May 2012): 648–668.https://doi.org/10.1016/j.euroecorev.2012.03.001Michael J. Osborne An Alternative Way to Deconstruct Value: A Dual Expression for NPV and Its Applications, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2126487Alexander Shananin, Mikhail Vashchenko Financial bubbles in Cantor-Lippman continuous time model, IFAC Proceedings Volumes 45, no.2525 (Jan 2012): 262–267.https://doi.org/10.3182/20120913-4-IT-4027.00017Y. Biondi Cost of capital, discounting and relational contracting: endogenous optimal return and duration for joint investment projects, Applied Economics 43, no.3030 (Jan 2011): 4847–4864.https://doi.org/10.1080/00036846.2010.498362Julian M. Alston, Matthew A. Andersen, Jennifer S. James, Philip G. Pardey The Economic Returns to U.S. Public Agricultural Research, American Journal of Agricultural Economics 93, no.55 (Aug 2011): 1257–1277.https://doi.org/10.1093/ajae/aar044Thomas Hering, Johannes Schneider, Christian Toll Die simultane Investitions- und Finanzierungsplanungssimulation (SIPS) als heuristische Vorgehensweise auf dem unvollkommenen Kapitalmarkt unter Unsicherheit, Zeitschrift für Planung & Unternehmenssteuerung 21, no.44 (Feb 2011): 405–426.https://doi.org/10.1007/s00187-011-0118-7Laurence Booth, Bin Chang, Walid Hejazi, Pauline Shum The Influence of Productivity Growth on Equity Market Performance, The Journal of Wealth Management 14, no.11 (Apr 2011): 78–92.https://doi.org/10.3905/jwm.2011.14.1.078Muhammed Shahid Ebrahim, Ike Mathur On the Efficiency of the Upreit Organizational Form: Implications for the Subprime Crisis and CDO's, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1346354David Glasner The Fisher Effect under Deflationary Expectations, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1749062Deborah Schanz, Sebastian Schanz Principles of Investment Decisions, (Aug 2010): 11–76.https://doi.org/10.1007/978-3-642-03284-4_2Indrani Chakraborty Capital structure in an emerging stock market: The case of India, Research in International Business and Finance 24, no.33 (Sep 2010): 295–314.https://doi.org/10.1016/j.ribaf.2010.02.001Carlo Alberto Magni Average Internal Rate of Return and Investment Decisions: A New Perspective, The Engineering Economist 55, no.22 (May 2010): 150–180.https://doi.org/10.1080/00137911003791856Naoya Mori Tax clientele effects of dividends under intertemporal consumption choices, Journal of Banking & Finance 34, no.55 (May 2010): 1089–1097.https://doi.org/10.1016/j.jbankfin.2009.11.009Michael J. Osborne A resolution to the NPV–IRR debate?, The Quarterly Review of Economics and Finance 50, no.22 (May 2010): 234–239.https://doi.org/10.1016/j.qref.2010.01.002Adrian Bell, Charles Sutcliffe Valuing medieval annuities: Were corrodies underpriced?, Explorations in Economic History 47, no.22 (Apr 2010): 142–157.https://doi.org/10.1016/j.eeh.2009.07.002Heinz Eckart Klingelhöfer Kapitalmarktorientierte Bewertungsansätze im Controlling und unvollkommene Märkte, (Jan 2010): 45–68.https://doi.org/10.1007/978-3-8349-8946-8_3M. Shahid Ebrahim, Sikandar Hussain Financial development and asset valuation: The special case of real estate, Journal of Banking & Finance 34, no.11 (Jan 2010): 150–162.https://doi.org/10.1016/j.jbankfin.2009.07.011Moorad Choudhry, Didier Joannas, Gino Landuyt, Richard Pereira, Rod Pienaar Introduction to Financial Ratio Analysis, (Jan 2010): 440–454.https://doi.org/10.1057/9780230279384_22Yuri Biondi Cost of Capital, Discounting, and Relational Contracting: Endogenous Optimal Return and Duration for Joint Investment Projects, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.1330587Michael J. Osborne On the Meaning of Internal Rates of Return and Why an Internal Rate of Return is Not an Investment Criterion, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.1634819Yoshihiro Matsumoto Management and Financial Controls of a Software Product Line Adoption, (Apr 2010): 399–419.https://doi.org/10.1201/9781420068429-c16Joao Duque, Dimitrios I. Maditinos, Željko Šević, Nikolaos G. Theriou Modelling traditional accounting and modern value‐based performance measures to explain stock market returns in the Athens Stock Exchange (ASE), Journal of Modelling in Management 4, no.33 (Oct 2009): 182–201.https://doi.org/10.1108/17465660911006431Heinz Eckart Klingelhöfer Investments in EOP-technologies and emissions trading – Results from a linear programming approach and sensitivity analysis, European Journal of Operational Research 196, no.11 (Jul 2009): 370–383.https://doi.org/10.1016/j.ejor.2008.03.016Wolfgang Ballwieser Shareholder Value als Element von Corporate Governance, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 61, no.11 (Jul 2016): 93–101.https://doi.org/10.1007/BF03371740Amit V. Bhandari The Capital Budgeting Problem: A New Framework for the Optimization and Analysis of R&D Investments, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1337793Carlo Alberto Magni Accounting and Economic Measures: An Integrated Theory of Capital Budgeting, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1498106C. Correia, P. Cramer An analysis of cost of capital, capital structure and capital budgeting practices: a survey of South African listed companies, Meditari Accountancy Research 16, no.22 (Oct 2008): 31–52.https://doi.org/10.1108/10222529200800011Patrizia Ordine, Giuseppe Rose Local Banks Efficiency and Employment, LABOUR 22, no.33 (Sep 2008): 469–493.https://doi.org/10.1111/j.1467-9914.2008.00422.xTarek H. Selim An Islamic capital asset pricing model, Humanomics 24, no.22 (May 2008): 122–129.https://doi.org/10.1108/08288660810876831EDWARD C. LAWRENCE, GREGORY ELLIEHAUSEN A COMPARATIVE ANALYSIS OF PAYDAY LOAN CUSTOMERS, Contemporary Economic Policy 26, no.22 (Apr 2008): 299–316.https://doi.org/10.1111/j.1465-7287.2007.00068.xFrank Mrusek, Uwe Götze Zur Bestimmung der optimalen Rotationsperiode in der Forstwirtschaft, (Jan 2008): 289–312.https://doi.org/10.1007/978-3-8348-2692-3_18Murray Z. Frank, Vidhan K. Goyal Trade-Off and Pecking Order Theories of Debt**We thank Long Chen, Sudipto Dasgupta, Espen Eckbo, Chris Hennessy, Jay Ritter, Michael Roberts, Tan Wang, and Jaime Zender for comments and helpful discussions. Murray Frank thanks Piper Jaffray for financial support. Vidhan Goyal thanks the Research Grants Council of the Hong Kong Special Administrative Region for financial support (Project No. 6489/06H). The literature on capital structure is vast, containing hundreds of papers, and so we cannot hope to cover it all. Inevitably, we have left out a great deal, much of it very important. As such, we apologize in advance for our inevitable oversights. Even more than usual, it must be stressed that this survey reflects only our views., (Jan 2008): 135–202.https://doi.org/10.1016/B978-0-444-53265-7.50004-4Adrian R. Bell, Charles M. Sutcliffe Valuing Medieval Annuities: Were Corrodies Underpriced?, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1030857Laurence David Booth, Bin Chang, Walid Hejazi, Pauline M. Shum The Influence of Productivity on Asset Pricing, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1107623Harald Hagemann Internal Rate of Return, (Mar 2017): 1–4.https://doi.org/10.1057/978-1-349-95121-5_798-2Petr Marek Notes about Study on History of Theoretical Approaches to Investment Decision, Český finanční a účetní časopis 2007, no.44 (Dec 2007): 23–29.https://doi.org/10.18267/j.cfuc.242R.A. Rayman Fair value accounting and the present value fallacy: The need for an alternative conceptual framework, The British Accounting Review 39, no.33 (Sep 2007): 211–225.https://doi.org/10.1016/j.bar.2007.03.006Yoshihiro Matsumoto A Guide for Management and Financial Controls of Product Lines, (Sep 2007): 163–170.https://doi.org/10.1109/SPLINE.2007.26Miao Wang, M. C. Sunny Wong Foreign Direct Investment Outflows and Business-cycle Fluctuations, Review of International Economics 15, no.11 (Feb 2007): 146–163.https://doi.org/10.1111/j.1467-9396.2007.00649.xReinhard H. Schmidt Die Betriebswirtschaftslehre unter der Dominanz der Finanzmärkte?, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 59, no.S56S56 (Sep 2016): 61–81.https://doi.org/10.1007/BF03373733Jonathan Treussard Repeated Career Options: A Contingent Claims Approach, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.1003659Murray Z. Frank, Vidhan K. Goyal Trade-Off and Pecking Order Theories of Debt, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.670543 Trennung von Investitions- und Konsumentscheidung, (Jan 2007): 25–50.https://doi.org/10.1007/978-3-540-71126-1_2Donijo Robbins, Gerald Miller Cost-Benefit Analysis, (Dec 2009): 462–480.https://doi.org/10.1201/9781420017007.pt9A. Leijonhufvud Episodes in a Century of Macroeconomics, Voprosy Ekonomiki , no.1111 (Nov 2006): 26–45.https://doi.org/10.32609/0042-8736-2006-11-26-45Yuri Biondi The double emergence of the Modified Internal Rate of Return: The neglected financial work of Duvillard (1755 – 1832) in a comparative perspective, The European Journal of the History of Economic Thought 13, no.33 (Feb 2007): 311–335.https://doi.org/10.1080/09672560600875281Kjell Hausken Jack Hirshleifer: A Nobel Prize left unbestowed, European Journal of Political Economy 22, no.22 (Jun 2006): 251–276.https://doi.org/10.1016/j.ejpoleco.2006.02.004Aswath Damodaran Chapitre 10. Les règles en matière de décision d'investissement, (Jun 2006): 391–434.https://doi.org/10.3917/dbu.damod.2006.01.0391Susan F. Haka A Review of the Literature on Capital Budgeting and Investment Appraisal: Past, Present, and Future Musings, (Jan 2006): 697–728.https://doi.org/10.1016/S17
Publication Year: 1958
Publication Date: 1958-08-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 570
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot