CAPABILITIES AND CAPITAL INVESTMENT: NEW PERSPECTIVES ON CAPITAL BUDGETING

Authors

  • CARLISS Y. Baldwin,

    1. William L. White Professor of Business Administration at the Harvard Business School.
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      Prepared for the Project on Capital Choices, sponsored by the Harvard Business School and the Council on Competitiveness. The authors wish to thank Alan Blinder, Alfred Chandler, Jr., Warren Farb, Thèrése Flaherty, Robert Hayes, Robert C. Merton, James McKenney, Richard Nelson, Michael Porter, Richard Rosenbloom, Jeremy Stein, John Sutton, John Sviokla, and the Advisory Board of the Council on Competitiveness for comments and discussions that led to significant improvements in this paper. We also thank Don Chew for very useful editorial suggestions. Any errors or omissions are ours alone. The financial support of the Harvard Business School and the Alfred P. Sloan Foundation is gratefully acknowledged.

  • Kim B. Clark

    1. Harry E. Figgie Professor of Business Administration at the Harvard Business School.
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      Prepared for the Project on Capital Choices, sponsored by the Harvard Business School and the Council on Competitiveness. The authors wish to thank Alan Blinder, Alfred Chandler, Jr., Warren Farb, Thèrése Flaherty, Robert Hayes, Robert C. Merton, James McKenney, Richard Nelson, Michael Porter, Richard Rosenbloom, Jeremy Stein, John Sutton, John Sviokla, and the Advisory Board of the Council on Competitiveness for comments and discussions that led to significant improvements in this paper. We also thank Don Chew for very useful editorial suggestions. Any errors or omissions are ours alone. The financial support of the Harvard Business School and the Alfred P. Sloan Foundation is gratefully acknowledged.


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