haku: @indexterm capital budgeting / yhteensä: 390
viite: 32 / 390
| Tekijä: | Bhattacharyya, S. Leach, J. C. |
| Otsikko: | Risk spillovers and required returns in capital budgeting |
| Lehti: | Review of Financial Studies
1999 : FALL, VOL. 12:3, p. 461-479 |
| Asiasana: | Capital budgeting Strategy Products Markets Pricing Theories |
| Kieli: | eng |
| Tiivistelmä: | This article integrates strategic product market analysis with price-taking asset pricing theory. It is demonstrated that a firm's market power can lead to scale-dependent and potentially infinite required returns. The analysis raises important questions regarding the validity of widely used 'comparables' methods for determining risk-adjusted discount rates. |
SCIMA