Topics in Finance: Part VI - Capital Budgeting
Judith A. Laux
Colorado College - Department of Economics and Business
April 20, 2011
Colorado College Working Paper No. 2011-11
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.
Number of Pages in PDF File: 10
Keywords: capital budgeting, risk-return, agency, financial management, finance
JEL Classification: G31, D23, M4, M1
Date posted: April 23, 2011
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