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Risk-adjusted discount rates and capital budgeting under uncertainty

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Author Info
Fama, Eugene F.
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Article provided by Elsevier in its journal Journal of Financial Economics.

Volume (Year): 5 (1977)
Issue (Month): 1 (August)
Pages: 3-24
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Handle: RePEc:eee:jfinec:v:5:y:1977:i:1:p:3-24

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  1. Fernández, Pablo, 1995. "Equivalence of the APV, WACC and flows to equity approaches to firm valuation," IESE Research Papers D/292, IESE Business School. [Downloadable!]
  2. Stewart C. Myers & Richard S. Ruback, 1987. "Discounting Rules for Risky Assets," NBER Working Papers 2219, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. George Athanassakos, 2007. "Valuing Internet Ventures," Journal of Business Valuation and Economic Loss Analysis, Berkeley Electronic Press, vol. 2(1), pages 2. [Downloadable!] (restricted)
  4. 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. [Downloadable!]
  5. Marsh, Terry A. & Merton, Robert C., 1984. "Dividend variability and variance bounds tests for the rationality of stock market prices," Working papers 1584-84., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
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  6. Saman Majd & Stewart C. Myers, 1986. "Tax Asymmetries and Corporate Income Tax Reform," NBER Working Papers 1924, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Günther Gebhardt & Holger Daske, 2004. "Zukunftsorientierte Bestimmung von Kapitalkosten für die Unternehmensbewertung," Working Paper Series: Finance and Accounting 134, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]
  8. Schmalensee, Richard., 1978. "A simple model of risk and return on long-lived tangible assets," Working papers 1036-78., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
  9. Robert A. Taggart, Jr., 1989. "Consistent Valuation and Cost of Capital Expressions with Corporate and Personal TAxes," NBER Working Papers 3074, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Margaret Insley & Tony Wirjanto, 2008. "Contrasting two approaches in real options valuation: contingent claims versus dynamic programming," Working Papers 08002, University of Waterloo, Department of Economics. [Downloadable!]
  11. Myers, Stewart C. & Ruback, Richard S., 1954-, 1987. "Discounting rules for risky assets," Working papers 1853-87., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
  12. Niemann, Rainer & Sureth, Caren, 2002. "Taxation under Uncertainty -- Problems of Dynamic Programming and Contingent Claims Analysis in Real Option Theory," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
  13. Saman Majd & Stewart C. Myers, 1985. "Valuing the Government's Tax Claim on Risky Corporate Assets," NBER Working Papers 1553, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  14. Mark Gersovitz, 1980. "Economic Consequences of Unfunded Vested Pension Benefits," NBER Working Papers 0480, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  15. J. Weston & Nai-fu Chen, 1979. "A Note on Capital Budgeting and the Three R's," University of California at Los Angeles, Anderson Graduate School of Management 1240, Anderson Graduate School of Management, UCLA. [Downloadable!]
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