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ABANDONMENT VALUE AND CAPITAL BUDGETING*

1967; Wiley; Volume: 22; Issue: 4 Linguagem: Inglês

10.1111/j.1540-6261.1967.tb00293.x

1540-6261

Alexander A. Robichek, James C. Van Horne,

Corporate Finance and Governance

The Journal of FinanceVolume 22, Issue 4 p. 577-589 Article ABANDONMENT VALUE AND CAPITAL BUDGETING* Alexander A. Robichek, Alexander A. Robichek The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this authorJames C. Van Horne, James C. Van Horne The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this author Alexander A. Robichek, Alexander A. Robichek The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this authorJames C. Van Horne, James C. Van Horne The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this author First published: December 1967 https://doi.org/10.1111/j.1540-6261.1967.tb00293.xCitations: 24 † This study was supported, in part, by funds made available by the Ford Foundation to the Graduate School of Business, Stanford University. The conclusions, opinions and other statements in this paper are those of the authors and are not necessarily those of the Ford Foundation. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat REFERENCES 1 H. Bierman Jr., and S. Smidt. The Capital Budgeting Decision (New York: MacMillan Company, 1966). Google Scholar 2 J. Dean. Capital Budgeting, (New York: Columbia University Press, 1951), pp. 163–68. Google Scholar 3 C. J. Grayson. Decision under Uncertainty (Cambridge: Harvard University, 1960). Google Scholar 4 D. B. Hertz. "Risk Analysis in Capital Budgeting," Harvard Business Review, 42 (January-February, 1964), pp. 95–106. Web of Science®Google Scholar 5 F. S. Hillier. "The Derivation of Probabilistic Information for the Evaluation of Risky Investments," Management Science, 9 (April, 1963), pp. 443–457. 10.1287/mnsc.9.3.443 Google Scholar 6 J. H. Lorie and L. J. Savage. "Three Problems in Rationing Capital," Journal of Business, XXVIII (October, 1955), pp. 229–239. 10.1086/294081 Web of Science®Google Scholar 7 J. F. Magee. "How to Use Decision Trees in Capital Investment," Harvard Business Review, 42 (September-October, 1964), pp. 79–96. Web of Science®Google Scholar 8 H. M. Markowitz. Portfolio Selection (New York: John Wiley & Sons, 1959). Google Scholar 9 C. L. Moore. "The Present-Value Method and the Replacement Decision," Accounting Review, XXXIX (January, 1964), pp. 94–102. Google Scholar 10 M. Sasieni, A. Yaspan, and L. Friedman. Operations Research—Methods and Problems (New York: John Wiley & Sons, Inc., 1959). Google Scholar 11 G. Shillinglaw. " Profit Analysis for Abandonment Decisions," reprinted in E. Solomon, Ed., The Management of Corporate Capital (Glencoe, Ill.: The Free Press of Glencoe, 1959), pp. 269–281. Google Scholar 12 G. Shillinglaw. " Residual Values in Investment Analysis," reprinted in E. Solomon, Ed., The Management of Corporate Capital (Glencoe, Ill.: The Free Press of Glencoe, 1959), pp. 259–268. Google Scholar 13 E. Solomon. "The Arithmetic of Capital—Budgeting Decisions," Journal of Business, XXIX (April, 1956, pp. 124–129. 10.1086/294102 Web of Science®Google Scholar 14 D. Teichroew, A. A. Robichek, and M. Montalbano. "An Analyse of Criteria for Investment and Financing Decisions under Certainty," Management Science, 12 (November, 1965), pp. 151–179. 10.1287/mnsc.12.3.151 Web of Science®Google Scholar 15 J. C. Van Horne, "The Capital-Budgeting Decision Involving Combinations of Risky Investments," Management Science, 13 (October, 1966), pp. B84–92. 10.1287/mnsc.13.2.B84 Google Scholar 16 H. M. Weingartner. Mathematical Programming and the Analysis of Capital Budgeting Problems (Englewood Cliffs: Prentice-Hall, Inc., 1963). Google Scholar Citing Literature Volume22, Issue4December 1967Pages 577-589 ReferencesRelatedInformation