APPLICATION OF THE DECOMPOSITION PRINCIPLE TO THE CAPITAL BUDGETING PROBLEM IN A DECENTRALIZED FIRM

Authors

  • Willard T. Carleton,

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    • Professor of Finance and Economics, Amos Tuck School of Business Administration, Dartmouth College, New England Regional Commission, and Chase Manhattan Bank, respectively. Financial support for this study was provided by the Tuck School Associates Program. Intellectual support (though no responsibility for errors in the final product) was provided by Colin Jones.

  • Glen Kendall,

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    • Professor of Finance and Economics, Amos Tuck School of Business Administration, Dartmouth College, New England Regional Commission, and Chase Manhattan Bank, respectively. Financial support for this study was provided by the Tuck School Associates Program. Intellectual support (though no responsibility for errors in the final product) was provided by Colin Jones.

  • Sanjiv Tandon

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    • Professor of Finance and Economics, Amos Tuck School of Business Administration, Dartmouth College, New England Regional Commission, and Chase Manhattan Bank, respectively. Financial support for this study was provided by the Tuck School Associates Program. Intellectual support (though no responsibility for errors in the final product) was provided by Colin Jones.


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