Optimal dynamic capital budgeting

DOI10.1093/RESTUD/RDY043MaRDI QIDQ5028533zbMATH OpenOpenAlexWikidataFDO

Authors Andrey Malenko

Publication date 10 February 2022

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://hdl.handle.net/1721.1/135109

zbMATH Keywords

capital budgetinginternal capital marketsprincipal agentrepeated interactions

Mathematics Subject Classification ID

Principal-agent models (91B43) Corporate finance (dividends, real options, etc.) (91G50)

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(21)

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• A Note on Dynamic Optimization, Maintenance Expenditure and Quality of Capital
• Moral Hazard in Corporate Investment and the Disciplinary Role of Voluntary Capital Rationing
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• Informed headquarters and socialistic internal capital markets
• Resource leasing and optimal periodic capital investments
• scientific article; zbMATH DE number 926826 (Why is no real title available?)
• Project Evaluation and Control in Decentralized Firms: Is Capital Rationing Always Optimal?
• Оптимизация динамических систем инвестирования промышленных предприятий
• Capital budgeting: the role of cost allocations
• scientific article; zbMATH DE number 5044374 (Why is no real title available?)
• Dynamic delegation with a persistent state
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• Ending wasteful year-end spending: on optimal budget rules in organizations
• A theory of cash flow-based financing with distress resolution
• Repeated delegation
• Resource allocation when projects have ranges of increasing returns

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