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| Tekijä: | Mouck, T. |
| Otsikko: | Beyond Panglossian theory: strategic capital investing in a complex adaptive world |
| Lehti: | Accounting, Organizations and Society
2000 : APR, VOL. 25:3, p. 261-284 |
| Asiasana: | ACCOUNTING ORGANIZATIONS STRATEGY |
| Kieli: | eng |
| Tiivistelmä: | Traditional capital budgeting theory (as an extension of financial economics) is characterized as Panglossian because of its suggestion that rational market outcomes produce the best of all possible worlds. During the last two decades, practice-oriented theorists have increasingly been moving from algorithmic capital budgeting techniques to a focus on capital investment strategy. This paper explores various Santa Fe Institute studies and their implications for capital investment theory and capital investment strategy. |
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