Adjusting for Risk in the Capital Budget of a Growth-Oriented Company
Donald E. Vaughn and
Hite Bennett
Journal of Financial and Quantitative Analysis, 1968, vol. 3, issue 4, 445-461
Abstract:
Although the importance of evaluating the risk of potential investments has long been recognized, only recently have formulations been developed to include risk as an explicit variable in the decision-making process. The considerable progress being made in this area, both in theory and in application, is attested to by the number and variety of contributions to the literature.
Date: 1968
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