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Investment decisions in the theory of finance: Some antinomies and inconsistencies

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  • Magni, Carlo Alberto

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  • Magni, Carlo Alberto, 2002. "Investment decisions in the theory of finance: Some antinomies and inconsistencies," European Journal of Operational Research, Elsevier, vol. 137(1), pages 206-217, February.
    • Handle: RePEc:eee:ejores:v:137:y:2002:i:1:p:206-217
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    References listed on IDEAS

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    1. Myers, Stewart C, 1974. "Interactions of Corporate Financing and Investment Decisions-Implications for Capital Budgeting," Journal of Finance, American Finance Association, vol. 29(1), pages 1-25, March.
    2. Harold Bierman & Seymour Smidt, 1957. "Capital Budgeting and the Problem of Reinvesting Cash Proceeds," The Journal of Business, University of Chicago Press, vol. 30, pages 276-276.
    3. Dudley, Carlton L, Jr, 1972. "A Note on Reinvestment Assumptions in Choosing Between Net Present Value and Internal Rate of Return," Journal of Finance, American Finance Association, vol. 27(4), pages 907-915, September.
    4. James E. Smith & Robert F. Nau, 1995. "Valuing Risky Projects: Option Pricing Theory and Decision Analysis," Management Science, INFORMS, vol. 41(5), pages 795-816, May.
    5. Martin J. Bailey, 1959. "Formal Criteria for Investment Decisions," Journal of Political Economy, University of Chicago Press, vol. 67(5), pages 476-476.
    6. Dybvig, Philip H., 1983. "Duality, interest rates, and the theory of present value," Journal of Economic Theory, Elsevier, vol. 30(1), pages 98-114, June.
    7. Pratt, John W & Hammond, John S, III, 1979. "Evaluating and Comparing Projects: Simple Detection of False Alarms," Journal of Finance, American Finance Association, vol. 34(5), pages 1231-1242, December.
    8. Gary C. Biddle & Robert M. Bowen & James S. Wallace, 1999. "Evidence On Eva," Journal of Applied Corporate Finance, Morgan Stanley, vol. 12(2), pages 69-79, June.
    9. Ezra Solomon, 1956. "The Arithmetic of Capital-Budgeting Decisions," The Journal of Business, University of Chicago Press, vol. 29, pages 124-124.
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    Cited by:

    1. Magni, Carlo Alberto, 2005. "Firm Value and the mis-use of the CAPM for valuation and decision making," MPRA Paper 7093, University Library of Munich, Germany.
    2. Magni, Carlo Alberto, 2005. "Theoretical Flaws In The Use Of The Capm For Investment Decisions," MPRA Paper 6330, University Library of Munich, Germany, revised Nov 2007.
    3. Carlo Alberto Magni & Stefano Malagoli & Giovanni Mastroleo, 2006. "An Alternative Approach To Firms' Evaluation: Expert Systems And Fuzzy Logic," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 5(01), pages 195-225.
    4. De Reyck, Bert, 2005. "On "investment decisions in the theory of finance: Some antinomies and inconsistencies"," European Journal of Operational Research, Elsevier, vol. 161(2), pages 499-504, March.
    5. Magni, Carlo Alberto, 2004. "Modelling excess profit," Economic Modelling, Elsevier, vol. 21(3), pages 595-617, May.
    6. Carlo Alberto Magni, 2007. "Project valuation and investment decisions: CAPM versus arbitrage," Applied Financial Economics Letters, Taylor & Francis Journals, vol. 3(2), pages 137-140.
    7. Magni, Carlo Alberto, 2004. "Rating and ranking firms with fuzzy expert systems: the case of Camuzzi," MPRA Paper 5889, University Library of Munich, Germany.
    8. Magni, Carlo Alberto, 2009. "Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?," European Journal of Operational Research, Elsevier, vol. 192(2), pages 549-560, January.
    9. Magni, Carlo Alberto, 2005. "Economic profit, NPV, and CAPM: Biases and violations of Modigliani and Miller's Proposition I," MPRA Paper 7359, University Library of Munich, Germany, revised 27 Feb 2008.

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