This book sheds significant light on one of the most pressing “unknowns” in
corporate finance, as identified by Braley and Myers: how investment decisions are
carried out in practice. However, the benefits of clearing up this issue go well
beyond the academic interest of corporate finance scholars, to serve economic
agents with key decisions to undertake or even regulators aiming at designing
efficient and reassuring norms that calm markets and channel resources to their most
productive applications.
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