Risk-adjusted discount rates and capital budgeting under uncertainty

Journal of Financial Economics

Volumn 5, Issue 1, 1977, Pages 3-24

  Fama, Eugene F ^a  

^a UNIVERSITY OF CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0002369216     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-405X(77)90027-7     Document Type: Article

References (17)

1. Capital market equilibrium with restricted borrowing
2. Capital budgeting of risky projects with ‘imperfect’ markets for physical capital
3. An approach to the valuation of uncertain income streams
4. Market risk adjustment in project valuation
5. Multiperiod consumption-investment decisions
6. Perfect competition and optimal production decisions under uncertainty
7. The number of firms and competition
8. Tests of the multiperiod two-parameter model
9. Evidence on the information content of accounting numbers Accounting based and market-based estimates of systematic risk
10. Capital markets: Theory and evidence
11. The valuation of risk assets and the selection of risky investments in stock portfolios and capital budgets
12. Stock prices, inflation and the term structure of interest rates
13. Portfolio selection: Efficient diversification of investments
14. An intertemporal capital asset pricing model
15. Capital asset prices: A theory of market equilibrium under conditions of risk