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Allocating Capital Among A Firm'S Divisions: Hurdle Rates Vs. Budgets

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  • Robert A. Taggart Jr.

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  • Robert A. Taggart Jr., 1987. "Allocating Capital Among A Firm'S Divisions: Hurdle Rates Vs. Budgets," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 10(3), pages 177-190, September.
    • Handle: RePEc:bla:jfnres:v:10:y:1987:i:3:p:177-190
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1987.tb00490.x
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    References listed on IDEAS

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    1. Martin L. Weitzman, 1974. "Prices vs. Quantities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
    2. J. Morris McInnes & Willard J. Carleton, 1982. "Theory, Models and Implementation in Financial Management," Management Science, INFORMS, vol. 28(9), pages 957-978, September.
    3. Carleton, Willard T, 1969. "Linear Programming and Capital Budgeting Models: A New Interpretation," Journal of Finance, American Finance Association, vol. 24(5), pages 825-833, December.
    4. M. Therese Flaherty, 1981. "Prices Versus Quantities and Vertical Financial Integration," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 507-525, Autumn.
    5. Weitzman, Martin L, 1978. "Optimal Rewards for Economic Regulation," American Economic Review, American Economic Association, vol. 68(4), pages 683-691, September.
    6. Scott, David F, Jr & Petty, J William, II, 1984. "Capital Budgeting Practices in Large American Firms: A Retrospective Analysis and Synthesis," The Financial Review, Eastern Finance Association, vol. 19(1), pages 111-123, March.
    7. Weingartner, H Martin, 1977. "Capital Rationing: n Authors in Search of a Plot," Journal of Finance, American Finance Association, vol. 32(5), pages 1403-1431, December.
    8. Bower, Richard S & Lessard, Donald R, 1973. "An Operational Approach to Risk-Screening," Journal of Finance, American Finance Association, vol. 28(2), pages 321-337, May.
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    Cited by:

    1. Ricardo Alonso & Niko Matouschek, 2007. "Relational delegation," RAND Journal of Economics, RAND Corporation, vol. 38(4), pages 1070-1089, December.
    2. Hong Bo & Ciaran Driver, 2012. "Agency Theory, Corporate Governance and Finance," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 11, Edward Elgar Publishing.
    3. Harris, Milton & Raviv, Artur, 1998. "Capital budgeting and delegation," Journal of Financial Economics, Elsevier, vol. 50(3), pages 259-289, December.
    4. Shin, Hyun-Han & Kim, Yong H., 2002. "Agency costs and efficiency of business capital investment: evidence from quarterly capital expenditures," Journal of Corporate Finance, Elsevier, vol. 8(2), pages 139-158, March.
    5. Wulf, Julie, 2009. "Influence and inefficiency in the internal capital market," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 305-321, October.
    6. Julia Porter Liebeskind, 2000. "Internal Capital Markets: Benefits, Costs, and Organizational Arrangements," Organization Science, INFORMS, vol. 11(1), pages 58-76, February.
    7. Marina Halac & Pierre Yared, 2016. "Commitment vs. Flexibility with Costly Verification," NBER Working Papers 22936, National Bureau of Economic Research, Inc.
    8. Cynthia A. Utama & Sidharta Utama, 2016. "Interaction between Incentive to Expropriate and Investment Opportunities as a Determinant of Overinvestment Problem in Indonesia," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 12(1), pages 73-99.
    9. Alonso, Ricardo, 2009. "Strategic control and strategic communication," LSE Research Online Documents on Economics 58682, London School of Economics and Political Science, LSE Library.
    10. Igor Gurkov, 2015. "Russian Manufacturing Subsidiaries of Western Multinational Corporations: Support from Parents and Cooperation with Sister-Subsidiaries," HSE Working papers WP BRP 37/MAN/2015, National Research University Higher School of Economics.
    11. Kim, Doyoung, 2006. "Capital budgeting for new projects: On the role of auditing in information acquisition," Journal of Accounting and Economics, Elsevier, vol. 41(3), pages 257-270, September.
    12. Milton Harris & Artur Raviv, 2005. "Allocation of Decision-making Authority," Review of Finance, Springer, vol. 9(3), pages 353-383, September.
    13. Arve, Malin & Honryo, Takakazu, 2022. "Wasteful procedures?," Journal of Economics and Business, Elsevier, vol. 122(C).
    14. Graham, John R. & Harvey, Campbell R. & Puri, Manju, 2015. "Capital allocation and delegation of decision-making authority within firms," Journal of Financial Economics, Elsevier, vol. 115(3), pages 449-470.

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