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Capital Stock and Investment

In: Managerial Discretion in Imperfect Markets

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  • T. V. S. Ramamohan Rao

    (Indian Institute of Technology Kanpur)

Abstract

Almost all the short-run managerial decisions studied in the earlier chapters depend on the stock of capital available to the firm. The decision to increase the stock of capital crucially depends on the growth in the sales of the firm, availability of finances, the cost at which different financial instruments are available, and the technological changes in the process of production. Earlier studies on the capital stock decision emphasized only one of these aspects and excluded others. An attempt is therefore made to trace the path of transition based on available empirical results. Similarly, the resulting notion of managerial discretion pertains to many other dimensions not hitherto mentioned. Thus, this chapter offers a logical transition to a study of financial decisions considered in the chapters that follow.

Suggested Citation

  • T. V. S. Ramamohan Rao, 2023. "Capital Stock and Investment," Springer Books, in: Managerial Discretion in Imperfect Markets, chapter 0, pages 123-139, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-1537-8_8
    DOI: 10.1007/978-981-99-1537-8_8
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