Topics in Finance: Part VI - Capital Budgeting

Colorado College Working Paper No. 2011-11

10 Pages Posted: 23 Apr 2011  

Judith A. Laux

Colorado College - Department of Economics and Business

Date Written: April 20, 2011

Abstract

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.

Keywords: capital budgeting, risk-return, agency, financial management, finance

JEL Classification: G31, D23, M4, M1

Suggested Citation

Laux, Judith A., Topics in Finance: Part VI - Capital Budgeting (April 20, 2011). Colorado College Working Paper No. 2011-11. Available at SSRN: https://ssrn.com/abstract=1816475 or http://dx.doi.org/10.2139/ssrn.1816475

Judith A. Laux (Contact Author)

Colorado College - Department of Economics and Business ( email )

14 E Cache La Poudre Street
Colorado Springs, CO 80903
United States
7193896414 (Phone)
7193896927 (Fax)

Paper statistics

Downloads
393
Rank
59,469
Abstract Views
1,616