PROBLEMS WITH THE TRADITIONAL COST OF CAPITAL ESTIMATES AND AN ANALYSIS OF RECENT DEVELOPMENTS İN CAPITAL BUDGETING THEORY : A SUMMARY

Year 1982, Volume: 2 Issue: 3, 93 - 98, 03.01.1982

İ. Hakkı Sönmez

Abstract

  

Keywords

TRADITIONAL COST OF CAPITAL ESTIMATES , CAPITAL BUDGETING THEORY

References

• BIERMAN, Harold, and SMIDT, Seymour. The Capital Budgeting Decisicn. 4th ed New York: MacMillan, 1976.
• FAMA, Eugene F„ and MİLLER, Merton H. The Theory of Finance. New York: Hol. Rinehart and VVİnston. 1972.
• HALEY, Charles W., and SCHALL, Lavvrence D. The Theory of Financial Decisi-ons. 2nd ed. New York: McGraw-HİII, 1979.
• JOHNSON. Robert. Financial Management. Boston, Mass.: Allyn and Bacon İne., 1971.
• MYERS, Stevvart C. Modem Developments İn Financial Management New York: Praeger Publishers, İne., 1976.
• VAN HORNE. James C. Fundamentals of Financial Management. 3rd ed. Englevvood Cliffs, N.J.: Prentice-Hall İne., 1977.
• VVESTON, Fred J., and BRIGHAM, Eugene F. Managerial Finance. 6th ed. Hindsdale, İli.: The Dryden Press, 1978.
• ANG, James S. «VVelghted Average vs. True Cost of Capital.» Financial Management. 2, 3 (Autumn 1973) : 56-60.
• ARDITTI, Fred D. »The VVelghted Average Cost of Capital: Soma Ouestions on Its Definition, Interpretation, and use.» The Journal of Finance. 28, 4 (September 1973) : 1001-1007.
• BERANEK, VVİlliam. »Some New Capital Budgeting Theorems.» Journal of Financial and Ouantitative Analysis. 13, 5 (December 1978) : 809-829.
• B0UDREAX, Kenneth J„ and LONG, Hugh W. »The VVeighted Average Cost of Capital as a Cutoff Rate : A Further Analysis.» Financial Management. 8, 2 (Summer 1979) : 7-14.
• EZZELL, John R.. and PORTER. Burr. -Correct Specification of the Cost of Capital and Net Present Value.. Financial Management. 8. 2 (Summer 1979) . 15-17.
• FAMA, Eugene F. Under Uncertainty..Risk Adjusted Discount Rates and Capital Budgeting Journal of Financial Economics. 5.1 (August 1977ı . 3-24.
• HAMADA. Robert S. -Portfolio Analyais. Market Equilibrium and Corporation Finance.. The Journal of Finance. 24. 1 (March 1969) 13-31.
• 13-31.
• MAO, James C.T. -Survey of Capital Budgeting : Theory and Practlce.- The Journal of Finance. 25, 2 (May 1970) : 349-360.
• MİLLER. Merton H.. and MODIGLIANI. Franco. «The Cost of Capital. Corporation Finance and the Theory of Investment.. American Economic Rev,ew. 48, 3 (June 1958) : 261-297.
• MYERS, Stevvart C. .Interactions of Corporate Flnancing and Investment Decisions- Implications for Capital Budgeting.. The Journal of Finance. 29. 1(March 1974) : 1-25.
• RENDLEMAN. Rlchard J. Jr. -Ranking Error. in CAPM Capltai Budgeting Applications.» Financial Management. 7.4 (VVinter 1978) : 40-44.
• SHARPE. W.F. -Capital Asset Pr.ces : A Theory of Market Eguiiibrium Under Conditions of Risk- The Journal of Finance. 19. 3 (September 1964) : 425 442.
• VVESTON, Fred J. -Investment Decisions Using The CAPM.- Financial Management. 2, 1 (Spring 1973) : 25-33.