Management And Accounting Web

Capital Budgeting Bibliography

Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida

Capital Budgeting Main Page | Investment Management Main Page

Ackerman, R. W. 1970. Influence of integration and diversity on the investment process. Administrative Science Quarterly 15(3): 341-351. (JSTOR link).

Adams, S. J. and G. E. Whittenburg. 1981. How the energy tax act affects capital budgeting. Management Accounting (November): 34-35, 38-39, 52.

Ahadiat, N. and R. I. Brueggemann. 1990. Evaluating an investment proposal. Journal of Accounting Education 8(2): 299-310.

Al-Ajmi, J., N. Al-Saleh and H. A. Hussain. 2011. Investment appraisal practices: A comparative study of conventional and Islamic financial institutions. Advances in Accounting: Incorporating Advances in International Accounting 27(1): 111-124.

Allen, C. B. 1961. Evaluation of capital projects - An application of the investor's method. N.A.A. Bulletin (January): 45-54. (The cash rate of return or investor's method of calculating the return on investment).

Anctil, R. M. 1996. Capital budgeting using residual income maximization. Review of Accounting Studies 1(1): 9-34.

Anderson, C. M. 1963. Motivation - The essential in budgeting. N.A.A. Bulletin (June): 46.

Anderson, C. M. Jr. 1972. The capital budgeting process. Management Accounting (September): 30-32, 42.

Anderson, D. R. 1934. Justifying plant investments. N.A.C.A Bulletin (May 1): 1036-1048.

Anderson, H. R. and R. P. Schwartz. 1971. The capital facility decision. Management Accounting (February): 28-32.

Anderson, L. P. and V. V. Miller. 1969. Capital budgeting: A modified approach to capital allocation. Management Accounting (March): 28-32.

Ang, N. P. and K. T. Trotman. 2015. The utilization of quantitative and qualitative information in groups' capital investment decisions. Behavioral Research In Accounting 27(1): 1-24.

Ansari, S. 2000. The Capital Budgeting Process. McGraw-Hill/Irwin.

Anthony, R. N. 1982. Equity interest - Its time has come. Journal of Accountancy (December): 76-93.

Arya, A. and J. Glover. 2001. Option value to waiting created by a control problem. Journal of Accounting Research (December): 405-415. (JSTOR link).

Arya, A., J. C. Fellingham and J. C. Glover. 1998. Capital budgeting: Some exceptions to the net present value rule. Issues In Accounting Education (August): 499-508.

Atkinson, S. K. 1950. Replacing long-life assets for cost reduction. N.A.C.A. Bulletin (September): 12-26.

Bailes, J., B. Shane and C. D. Pielstick. 1988. Using your PC to project capital investment funds. Management Accounting (July): 59-62.

Bailes, J., J. Nielsen and S. Lawton. 1998. How forest product companies analyze capital budgets. Management Accounting (October): 24-26, 28, 30.

Bailes, J. C. and J. F. Nielsen. 2001. Using decision trees to manage capital budgeting risk. Management Accounting Quarterly (Winter): 14-17.

Bailes, J. C., J. F. Nielsen and S. Wendell. 1979. Capital budgeting in the forest products industry. Management Accounting (July): 46-51, 57.

Bailey, A. D. Jr. and J. Gray. 1968. A study of the importance of the planning horizon on reports utilizing discounted future cash flows. Journal of Accounting Research (Spring): 98-105. (JSTOR link).

Baiman, S. and M. V. Rajan. 1995. Centralization, delegation, and shared responsibility in the assignment of capital investment decision rights. Journal of Accounting Research (Studies on Managerial Accounting): 135-164. (JSTOR link).

Baker, J. C. 1984. Capital budgeting in American and European companies. Mid Atlantic Journal of Business (Summer): 15-28.

Balachandran, K. R., R. A. Maschmeyer and J. L. Livingstone. 1981. Product warranty period: A Markovian approach to estimation and analysis of repair and replacement costs. The Accounting Review (January): 115-124. (JSTOR link).

Balakrishnan, R. 1990. The role of budgets and variances in repeated investment decisions. Contemporary Accounting Research 7(1): 105-122.

Balakrishnan, R. 1992. The value of communication in resource allocation decisions. Contemporary Accounting Research 8(2): 353-373.

Barenbaum, L. and T. Monahan. 1983. Utilizing terminal values in teaching time value analysis. Journal of Accounting Education 1(2): 79-88.

Barisa, L. A. 1965. A pattern for profitable automotive fleet transportation. N.A.A. Bulletin (February): 56-64. (Purchase, lease, or reimburse employees who own them).

Bartley, J. W. 1980. A NPV model modified for inflation. Management Accounting (December): 49-52.

Barton, D. and M. Wiseman. 2014. Focusing capital on the long term. Harvard Business Review (January/February): 44-51.

Bavishi, V. B. 1981. Capital budgeting practices at multinationals. Management Accounting (August): 32-35. (Survey of Fortune 500 multinationals).

Baxter, W. T. and N. H. Carrier. 1971. Depreciation, replacement price, and cost of capital. Journal of Accounting Research (Autumn): 189-214. (JSTOR link).

Beatty, A., W. S. Liao and J. Weber. 2010. The effect of private information and monitoring on the role of accounting quality in investment decisions. Contemporary Accounting Research 27(1): 17-47.

Beaudry, D. P. Jr. 1954. Can you afford that asset? N.A.C.A. Bulletin (July): 1383-1405.

Behling, O. and J. F. Dillard. 1987. Accounting: The intuitive challenge. Accounting Horizons (June): 35-42. (Very interesting discussion of the rational (analytic or computational) decision model versus the intuitive (judgmental) decision model. The authors provide some recommendations related to a balanced approach involving four decision strategies related to when cause and effect relationships are certain or uncertain. The strategies include: computational, judgmental, compromise, and inspirational).

Belser, F. C. 1919. Rapid calculation of compound interest processes. Journal of Accountancy (April): 241-248.

Bennett, J. W. 1963. Measuring project profitability: Rate of return or present value - A reply. The Accounting Review (July): 548-551. (JSTOR link).

Beranek, W. 1964. A note on the equivalence of certain capital budgeting criteria. The Accounting Review (October): 914-916. (JSTOR link).

Bernhard, R. H. 1967. Probability and rates of return: Some critical comments. Management Science (March): 598-600. (JSTOR link).

Bhimani, A. and M. Gosselin. 2009. Cost management diversity in a global world: What can we learn? Cost Management (September/October): 29-33.

Bhimani, A., M. Gosselin, K. Soonawalla and M. Ncube. 2007. The value of accounting information in assessing investment risk. Cost Management (January/February): 29-35.

Bierman, H. and S. Smidt. 1960. The Capital Budgeting Decision. New York: Macmillan.

Bierman, H. Jr. 1962. Capital budgeting - The present-value method and a further step. N.A.A. Bulletin (May): 13-18.

Bierman, H. Jr. 1970. Investment decisions and taxes. The Accounting Review (October): 690-697. (JSTOR link).

Bierman, H. Jr. and C. P. Alderfer. 1970. Estimating the cost of capital, a different approach. Decision Sciences 1(1-2): 40-53.

Bierman, H. Jr. and S. Smidt. 2006. The Capital Budgeting Decision: Economic Analysis of Investment Projects, 9th Edition. Routledge.

Bird, P. A. 1965. Tax incentives to capital investment. Journal of Accounting Research (Spring): 1-11. (JSTOR link).

Bisgay, L. 1984. NAA publishes new MAP statement. Management Accounting (November): 67-68.

Bishop, A. N. Jr. 1956. Practical budgeting of capital expenditures. N.A.C.A. Bulletin (December): 534-544.

Blackadar, C. G. 1986. Dynamic capitalization: An income approach in real dollars at real interest, part two: Making it work for you. Appraisal Journal (July): 325-355.

Blake, A. B. 1976. Interest is not a project cost. Management Accounting (July): 41-44.

Blank, L. L. 1988. Project selection and the varying level of cost/benefit information. Journal of Cost Management (Fall): 51-57.

Blocher, E. and C. Stickney. 1979. Duration and risk assessments in capital budgeting. The Accounting Review (January): 180-188. (JSTOR link).

Boardman, C. M. 1985. Role of payback period in the theory and application of duration to capital budgeting: A reply. Journal of Business Finance & Accounting (Spring): 169-171.

Boles, K. E. 1986. Implications of the method of capital cost payment on the weighted average cost of capital. Health Services Research (June): 189.

Bonni, C. P. 1977. Capital investment under uncertainty with abandonment options. Journal of Financial & Quantitative Analysis (March): 39-54.

Botosan, C. A. 1997. Disclosure level and the cost of equity capital. The Accounting Review (July): 323-349. (JSTOR link).

Botosan, C. A., M. A. Plumlee and Y. Xie. 2004. The role of information precision in determining the cost of equity capital. Review of Accounting Studies 9(2-3): 233-259.

Bouwman, M. J., P. A. Frishoff and P. Frishoff. 1987. How do financial analysts make decisions? A process model of the investment screening decision. Accounting, Organizations and Society 12(1): 1-29.

Bowen, E. A. 1963. Problem areas in use of discounted cash flow for investment evaluations. N.A.A. Bulletin (August): 11-19.

Bower, R. S. and D. R. Lessard. 1973. The problem of the right rate: A comment on simulation versus single-value estimates in capital expenditure analysis. Decision Sciences 4(4): 569-571.

Brennan, M. J. and L. Trigeorgis. 1999. Project Flexibility, Agency, and Competition: New Developments in the Theory and Application of Real Options Analysis. Oxford University Press.

Brick, I. E. and D. G. Weaver. 1984. Comparison of capital budgeting techniques in identifying profitable investments. Financial Management (Winter): 29-39.

Bricker, R. and M. DeBruine. 1993. The effects of information availability and cost on investment strategy selection: An experiment. Behavioral Research In Accounting (5): 30-57.

Brief, R. P. 1977. A note on "rediscovery" and the rule of 69. The Accounting Review (October): 810-812. (JSTOR link). (Approximation for determining the number of periods it takes for a sum to double at a given interest rate).

Brief, R. P. 1985. Limitations of using the cash flow recovery rate to estimate the IRR: A note. Journal of Business Finance & Accounting (Autumn): 473-475.

Brief, R. P. and J. Owen. 1973. Present value models and the multi-asset problem. The Accounting Review (October): 690-695. (JSTOR link).

Brief, R. P. and J. Owen.1974. Present value models and the multi-asset problem: A reply. The Accounting Review (October): 819-821. (JSTOR link).

Brief, R. P. and R. A. Lawson. 1992. The role of the accounting rate of return in financial statement analysis. The Accounting Review (April): 411-426. (JSTOR link).

Brigham, E. F. and T. C. Tapley. Financial leverage and the use of the net present value investment criterion: A reexamination. Financial Management (Summer): 48.

Brown, V. H. 1961. Rate of return: Some comments on its applicability in capital budgeting. The Accounting Review (January): 50-62. (JSTOR link).

Bruton, P. W. and J. Waterman. 1985. Capital financing demands new, innovative practices. Healthcare Financial Management (April): 38-46.

Buffa, E. S. 1963. Models for Production and Operations Management. John Wiley & Sons. (Chapters 13, 14 cover investment models).

Burkert, R. L. 1971. Recognizing inflation in the capital budgeting decision. Management Accounting (November): 40-46.

Burnie, D. A. 1985. Capital budgeting: An annualization approach - A comment. Cost and Management (March-April): 38-40.

Burrows, G. H. 1994. Allocations and common costs in long-run investing and pricing decisions: An historical analysis. Abacus 30(1): 50-64.

Busby, J. S. and C. G. C. Pitts. 1997. Real options in practice: An exploratory survey of how finance officers deal with flexibility in capital appraisal. Management Accounting Research (June): 169-186.

Butcher, W. C. 1980. Capital expenditure is the key to competition. FE: The Magazine for Financial Executives (March): 26-27.

Byington, J. R. and P. J. Poznanski. 1989. Modernizing the net present value model. Journal of Accounting Education 7(1): 133-140.

Byrd, D. B. and S. B. 1986. Deciding to purchase a computer: A capital budgeting decision. National Public Accountant (May): 18-23.

Cady, K. B., C. S. Pettygove and D. K. Westby. 1986. Quantifying uncertainty in the investment analysis. Real Estate Review (Spring): 85-89.

Canace, T. G. and L. Salzsieder. 2016. The timing of asset purchases to achieve earnings thresholds. Journal of Management Accounting Research 28(1): 81-106.

Cannaday, R. E., P. F. Colwell and H. Paley. 1986. Relevant and irrelevant internal rates of return. Engineering Economist (Fall): 17-38.

Carr, C., K. Kolehmainen and F. Mitchell. 2010. Strategic investment decision making practices: A contextual approach. Management Accounting Research (September): 167-184.

Carroll, J. J. and G. D. Newbould. 1986. NPV vs. IRR: With capital budgeting, Which do you choose? Healthcare Financial Management (November): 62-64, 66, 68.

Carson, A. B. 1951. An investment-recovery-first concept of taxable profit. The Accounting Review (October): 456-467. (JSTOR link).

Casler, G. L., B. L. Anderson and R. D. Aplin. 1984. Capital Investment Analysis: Using Discounted Cash Flows. 3rd ed. New York: John Wiley.

Caughron, R. E. 1965. How we follow up capital expenditures. N.A.A. Bulletin (April): 47-52.

Chalos, P. and M. C. C. Poon. 2000. Participation and performance in capital budgeting teams. Behavioral Research In Accounting (12): 199-230.

Chambers, J. C. and S. K. Mullick. 1971. Investment decision-making in a multinational enterprise. Management Accounting (August): 13-20.

Champion, R. R. and R. G. Glaser. 1967. Sugar cane irrigation: A case study in capital budgeting. Management Science (August): B781-B796. (JSTOR link).

Chang, E. C. 1987. Risk and inflation. Journal of Financial And Quantitative Analysis (March): 89-99.

Chapin, T. A. Jr. 1975. Selling DCFR. Management Accounting (December): 45-46.

Chasteen, L. G. 1984. Taxonomy of price change models. Accounting Review (July): 515-523.

Chen, I. K. and M. G. Ferri. 1983. Approaches to capital budgeting when projects differ by risk. Review of Business and Economic Research (Fall): 67-74.

Chen, K. C. W. and R. P. Manes. 1986. Note on bias in capital budgeting introduced by stochastic life. Engineering Economist (Winter): 165-174.

Chen, S. 2008. DCF techniques and nonfinancial measures in capital budgeting: A contingency approach analysis. Behavioral Research In Accounting 20(1): 13-29.

Chen, Y. and M. Deng. 2011. Capital rationing and managerial retention: The role of external capital. Journal of Management Accounting Research (23): 285-304.

Cheng, M. M., A. K. Schulz, P. F. Luckett and P. Booth. 2003. The effects of hurdle rates on the level of escalation of commitment in capital budgeting. Behavioral Research In Accounting (15): 63-86.

Cheung, J. K. and J. Heaney. 1990. A contingent-claim integration of cost-volume-profit analysis with capital budgeting. Contemporary Accounting Research 6(2): 738-760.

Childs, W. M. 1964. Capital budgeting for improved profits. N.A.A. Bulletin (May): 53-61.

Childs, W. M. 1970. Management of capital expenditures. Management Accounting (January): 37-40.

Chiuminatto, P. M. 1949. Control of capital expenditures - Planning and follow through. N.A.C.A. Bulletin (April1): 885-892.

Chiuminatto, P. M. 1950. How will capital requirements vary with sales volume? N.A.C.A. Bulletin (June): 1215-1222.

Chod, J. and N. Rudi. 2006. Strategic investments, trading, and pricing under forecast updating. Management Science (December): 1913-1929. (JSTOR link).

Chow, C. W., J. M. Kohlmeyer III and A. Wu. 2007. Performance standards and manager's adoption of risky projects. Advances in Management Accounting (16): 63-105.

Chow, C. W., P. Harrison, T. Lindquist and A. Wu. 1997. Escalating commitment to unprofitable projects: Replication and cross-cultural extension. Management Accounting Research (September): 347-361.

Chow, C. W., Y. Hwang and D. F. Togo. 1995. ACE Company: A case for incorporating competitive considerations into the teaching of capital budgeting. Issues In Accounting Education (Fall): 389-401.

Christensen, C. M. and D. van Bever. 2014. The capitalist's delemma. Harvard Business Review (June): 60-68. (Assessing investment opportunities).

Christensen, C. M., S. P. Kaufman and W. C. Shih. 2008. Innovation killers: How financial tools destroy your capacity to do new things. Harvard Business Review (January): 98-105. (Discounted cash flow, the treatment of fixed and sunk costs, and over emphasis on earning per share).

Christenson, C. 1955. Construction of present value tables for use in evaluating capital investment opportunities. The Accounting Review (October): 666-672. (JSTOR link).

Christoffersen, P. F. and F. X. Diebold. 2006. Financial asset returns, direction-of-change forecasting, and volatility dynamics. Management Science (August): 1273-1287. (JSTOR link).

Church, P. H. and K. R. Lambert. 1993. Outside influences on capital budgeting systems. Journal of Cost Management (Fall): 54-59.

Clancy, D. K. and D. Collins. 2014. Capital budgeting research and practice: The state of the art. Advances in Management Accounting (24): 117-161.

Clark, J. J., T. J. Hindelang and R. E. Pritchard. 1984. Capital Budgeting: Planning and Control of Capital Expenditures. 2nd ed. Englewood Cliffs, N.J.: Prentice-Hall.

Clark, V., M. Reed and J. Stephan. 2010. Using Monte Carlo simulation for a capital budgeting project. Management Accounting Quarterly (Fall): 20-31.

Coburn, S., H. Grove and T. Cook. 1997. How ABC was used in capital budgeting. Management Accounting (May): 38-40, 42-44, 46.

Cohen, K. J. and B. P. Fitch. 1966. The average investment performance index. Management Science (February): B195-B215. (JSTOR link).

Cole, T. D. 1970. How to obtain probability estimates in capital expenditure evaluations: A practical approach. Management Accounting (July): 61-64.

Collier, P. and A. Gregory. 1995. Investment appraisal in service industries: A field study analysis of the U.K. hotels sector. Management Accounting Research (March): 33-57.

Comiskey, E. E. and C. W. Mulford. 1986. Investment decisions and the equity accounting standard. The Accounting Review (July): 519-525. (JSTOR link).

Comiskey, E. E. and C. W. Mulford. 1988. The influence of accounting principles on management investment decisions: An illustration. Accounting Horizons (June): 67-72.

Connelly, R. P. 1960. The judgment factor in capital planning. N.A.A. Bulletin (June): 45-58.

Copeland, T. 2001. The real-options approach to capital allocation. Strategic Finance (October): 33-37. ("Real-options analysis considers what NPV doesn't and can't: the value of flexibility." The value of a real option is influenced by six variables: The value of the underlying project, the exercise price/investment cost, the volatility of the underlying project's value, the time to maturity, the risk-free interest rate, and dividends).

Copeland, T. and P. Tufano. 2004. A real-world way to manage real options. Harvard Business Review (March): 90-99. (A binomial valuation model for a company's growth choices.).

Cord, J. 1964. A method for allocating funds to investment projects when returns are subject to uncertainty. Management Science (January): 335-341. (JSTOR link).

Corhay, A., G. Hawawiwi and P. Michel. 1987. Seasonality in the risk­return relationship: Some international evidence. Journal of Finance (March): 49-68.

Corman, J. C. 1974. Tax shelters for capital investment - A view on their reform. Management Accounting (January): 15-17.

Corr, A. V. 1983. The Capital Expenditure Decision. National Association of Accountants and The Society of Management Accountants of Canada.

Coughlan, J. W. 1960. Contrast between financial-statement and discounted-cash-flow methods of comparing projects. N.A.A. Bulletin (June): 5-17.

Coughlan, J. W. 1968. Profit and probability. Advanced Management Journal (April): 53-69.

Curley, A. J. and C. G. Carpenter. 1974. Present value models and the multi-asset problem: Comment. The Accounting Review (October): 812-815. (JSTOR link).

Cyert, R. M., W. R. Dill and J. G. March. 1958. The role of expectations in business decision making. Administrative Science Quarterly 3(3): 307-340. (JSTOR link).

Dargenidou, C., S. McLeay and I. Raonic. 2006. Expected earnings growth and the cost of capital: An analysis of accounting regime change in the European financial market. Abacus 42(3-4): 388-414.

Davidson, I., Y. Shinozawa and M. Tippett. 2009. Capital project analysis when cash flows evolve as a continuous time branching process. Abacus 45(1): 44-65.

Day, J. E. 1975. A screening model for investment proposals. Management Accounting (January): 48-52. (Indexed discounted payback).

Dayananda, D., R. Irons, S. Harrison, J. Herbohn and P. Rowland. 2002. Capital Budgeting: Financial Appraisal of Investment Projects. Cambridge University Press.

Deakin, E. B. 1974. A class project for risk analysis in capital budgeting. The Accounting Review (January): 146-149. (JSTOR link).

Dean, J. 1951. Capital Budgeting. New York: Columbia University Press.

Dean, J. 1951. Measurement of profits for executive decisions. The Accounting Review (April): 185-196. (JSTOR link).

Dean, J. 1954. Measuring the productivity of capital. Harvard Business Review (January-February): 120-130.

Deekens, A. V. K. 1959. Did we realize on that capital outlay? N.A.A. Bulletin (May): 86-88.

Del Rio, C. A. and M. W. Ray Jr. 1965. Economics for expanding operations. N.A.A. Bulletin (April): 38-44.

DeMoville, W. 1977. Capital budgeting in municipalities. Management Accounting (July): 17-20.

Dempsey, S. J. 2003. On the benefits of a mathematical solutions approach to time value of money instruction: Arguments and evidence. Journal of Accounting Education 21(3): 239-260.

Denison, C. A., A. M. Farrell and K. E. Jackson. 2012. Managers’ incorporation of the value of real options into their long-term investment decisions: An experimental investigation. Contemporary Accounting Research 29(2): 590-620.

Dewing, A. S. 1923. Investment and the industrial cycle. Harvard Business Review (October): 1-12.

Dewing, A. S. 1923. The elements of investment income. Harvard Business Review (April): 300-307.

Dewing, A. S. 1923. The role of economic profits in the return on investments. Harvard Business Review (July): 451-463.

Dion, L., G. Robertson and S. B. Hughes. 2009. What a university can teach you about choosing capital projects. Strategic Finance (January): 38-45.

Dobbs, I. M. 2009. How bad can short termism be? - A study of the consequences of high hurdle discount rates and low payback thresholds. Management Accounting Research (June): 117-128.

Dodge, R. H. 1969. How leverage affects the cost of capital to a public utility. Management Accounting (August): 39-44.

Donachie, R. J. 1960. Determining rate of return on projects by discounted-cash-flow technique. N.A.A. Bulletin (June): 31-39.

Downs, T. W. 1986. The user and capital budgeting. Financial Review (May): 277.

Doyle, L. A. 1950. Uses of cost data for production and investment policies. The Accounting Review (July): 274-282. (JSTOR link).

Drebin, A. R. 1962. Accounting for life insurance as an investment. The Accounting Review (April): 279-282. (JSTOR link).

Dutta, S. 2003. Capital budgeting and managerial compensation: Incentive and retention effects. The Accounting Review (January): 71-93. (JSTOR link).

Dutta, S. and Q. Fan. 2012. Incentives for innovation and centralized versus delegated capital budgeting. Journal of Accounting and Economics (June): 592-611.

Dutta, S. and S. Reichelstein. 2002. Controlling investment decisions: Depreciation and capital charges. Review of Accounting Studies 7(2-3): 253-281.

Duvall, R. M. and J. Bulloch. 1965. Adjusting rate of return and present value for price-level changes. The Accounting Review (July): 569-573. (JSTOR link).

Dyckman, T. R. 1964. Allocating funds to investment projects when returns are subject to uncertainty: A comment. Management Science (November): 348-350. (JSTOR link).

Dyckman, T. R. 1964. On the investment decision. The Accounting Review (April): 285-295. (JSTOR link).

Dyckman, T. R. 1969. Investment Analysis and General Price-Level Adjustments. Studies in Accounting Research (1). American Accounting Association.

Dyckman, T. R. and J. C. Kinard. 1973. The discounted cash flow investment decision model with accounting income constraints. Decision Sciences 4(3): 301-313.

Dye, G. K. 1966. Graphic control of the capital plan. Management Accounting (April): 27-35.

Eaton, L. N. 1970. Equating risk with investment and performance evaluation. Management Accounting (December): 19-22, 38.

Eckhardt, J. T., S. Shane and F. Delmar. 2006. Multistage selection and the financing of new ventures. Management Science (February): 220-232. (JSTOR link).

Eddy, A. R. and H. G. Swanson. 1996. A hierarchy of skills approach to teaching accounting present value. Journal of Accounting Education 14(1): 123-131.

Eisen, M. and M. Leibowitz. 1963. Replacement of randomly deteriorating equipment. Management Science (January): 268-276. (JSTOR link).

Eiteman, D. S. 1967. A closer look at cost of capital. Management Accounting (July): 57-63.

Elliott, J. A., J. D. Hanna and W. H. Shaw. 1991. The evaluation by the financial markets of changes in bank loan loss reserve levels. The Accounting Review (October): 847-861. (JSTOR link).

Elliott, G. S. 1980. Analyzing the cost of capital. Management Accounting (December): 12-13, 16-18.

Elnicki, R. A. 1970. ROI simulations for investment decisions. Management Accounting (February): 37-41.

Enis, C. R. 1993. Earnings-based compensation plans, performance, and capital expenditure policy in the motor carrier industry. The Accounting Review (October): 928-941. (JSTOR link).

Esposito, E. F. 2013. The cost of capital for middle-market companies: Using middle-market finance theory and Pepperdine Private Capital Markets Project. The CPA Journal (March): 53-56.

Ettredge, M., Y. Huang and W. Zhang. 2012. Earnings restatements and differential timeliness of accounting conservatism. Journal of Accounting and Economics (June): 489-503.

Ezzamel, M. A. 1980. Estimating the cost of capital for a division of a firm and the allocation problem in accounting: A comment. Journal of Business Finance & Accounting 7(1): 65-73.

Ezzell, J. R. and W. A. Kelley. 1984. APV analysis of capital budgeting under inflation. Financial Management (Autumn): 49-54.

Fairchild, K. M. and D. Bline. 1988. Capital investment analysis: The index method. Issues In Accounting Education (Spring): 72-78.

Farragher, E. J. 1986. Capital budgeting practices of Non-industrial firms. Engineering Economist (Summer): 293-302.

Felix, W. L. Jr. 1972. Estimating the relationship between technical change and reported performance. The Accounting Review (January): 52-63. (JSTOR link).

Fellers, C. I. 1955. Problems of capital expenditure budgeting. N.A.C.A. Bulletin (May): 1208-1217.

Fellingham, J. C. and R. A. Young. 1989. Special allocations, investment decisions, and transactions costs in partnerships. Journal of Accounting Research (Autumn): 179-200. (JSTOR link).

Fera, N. 1997. Using shareholder value to evaluate strategic choices. Management Accounting (November): 47-51. (Summary).

Ferrara, W. L. 1966. Should investment and financing decisions be separated? The Accounting Review (January): 106-114. (JSTOR link).

Ferrara, W. L. 1968. Capital budgeting and financing or leasing decisions. Management Accounting (July): 55-63.

Ferreira, N., J. Kar and L. Trigeorgis. 2009. Option games. Harvard Business Review (March): 101-107. (Option games is a valuation tool combining real options with game theory to help managers make rational investment decisions).

Finerty, J. J. 1971. Product pricing and investment analysis. Management Accounting (December): 15-18.

Finn, F. J. 1973. Integer programming, linear programming and capital budgeting. Abacus 9(2): 180-192.

Flesher, D. L., T. K. Flesher and G. U. Skelly. 1984. The new-product decision. Management Accounting (December): 18-19.

Fogler, H. R. 1972. Investment strategy for a small growth company. Decision Sciences 3(1): 31-46.

Fogler, H. R. 1972. Ranking techniques and capital budgeting. The Accounting Review (January): 134-143. (JSTOR link).

Forrester, J. L. 1963. How we appraise new-product proposals. N.A.A. Bulletin (November): 23-28.

Foss, M. F. 1985. Changing utilization of fixed capital: An element in long-term growth. Monthly Labor Review (May): 3-8.

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