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References
A survey by Reece & Cool (1982) among large U.S. firms indicates that almost three quarter of the responding firms delegate decision-making authority to investment centers.
See, Milgrom & Roberts (1992), pp. 544–545.
See Neuberger (1980), p. 1361.
For an experimental study analyzing the importance of intrinsic and extrinsic motivation in a capital budgeting setting see Butler, et al. (2002). The interaction between intrinsic and extrinsic motivation is discussed by Kreps (1997) and formally analyzed by Benabou & Tirole (2002).
See, e.g., Brealey & Myers (1996), pp. 255–264 and pp. 589–616.
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© 2007 Springer-Verlag Berlin Heidelberg
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(2007). Introduction. In: Real Options and Investment Incentives. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-48268-0_1
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DOI: https://doi.org/10.1007/978-3-540-48268-0_1
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