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Keywords: capital budgeting
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Proceedings Papers

Paper presented at the SPE Eastern Regional Meeting, November 5–6, 1964
Paper Number: SPE-1036-MS
.... The treatment of risk in capital budgeting Is critical since its measurement is largely subjective in evaluation assumptions and managers' preference for it is variable. Procedures for considering risk range from the simple discounting of expected values of investment returns, to the more complex...

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