search query: @author Taggart, R. A. / total: 5
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| Author: | Taggart, R. A. |
| Title: | Allocating capital among a firm's divisions : hurdle rates vs. budgets. |
| Journal: | Journal of Financial Research
1987 : FALL, VOL. 10:3, p. 177-189 |
| Index terms: | CAPITAL EXPENDITURE DIVISIONALISED COMPANIES CAPITAL BUDGETING |
| Language: | eng |
| Abstract: | An examination of the merits of alternative systems for allocating capital within a firm, with a budget system, whereby top management limits divisional investment, without full knowledge of the division's investment opportunities, and that a budget system is useful when there are externalities among the investments of different divisions and when division managers' estimates of projects are subject to error. |
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