The cross-section of hurdle rates for capital budgeting an empirical analysis of survey data

"Whereas Poterba and Summers (1995) find that firms use hurdle rates that are unrelated to their CAPM betas, Graham and Harvey (2001) find that 74% of their survey firms use the CAPM for capital budgeting. We provide an explanation for these two apparently contradictory conclusions. We find t...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Jagannathan, Ravi (VerfasserIn)
Weitere Verfasser:	Meier, Iwan (VerfasserIn), Tarhan, Vefa (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	Cambridge, Mass. 2011
Schriftenreihe:	NBER working paper series 16770
Schlagworte:	Strategisches Management > Finanzierung > Theorie > Arbeitspapier > Graue Literatur
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