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Keywords

Investment Decision Investment Project Extrinsic Motivation Residual Income Capital Rationing 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. 1.
    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.Google Scholar
  2. 2.
    See, Milgrom & Roberts (1992), pp. 544–545.Google Scholar
  3. 3.
    See Neuberger (1980), p. 1361.Google Scholar
  4. 4.
    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).Google Scholar
  5. 6.
    See, e.g., Brealey & Myers (1996), pp. 255–264 and pp. 589–616.Google Scholar

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© Springer-Verlag Berlin Heidelberg 2007

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