Capital Allocation in Mult-Division Firms: Hurdle Rates vs. Budgets
收藏NBER1983-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1213
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资源简介：
It is common practice for firms to ration capital funds to their divisions, rather than set a price and let the divisions use as much as they want. This appears to be true even when the overall firm faces no rationing in the capital market. This paper offers an interpretation of this phenomenon
提供机构：
美国国家经济研究局创建时间：
1983-10-01
