Zhang Guochang

Guochang Zhang

Information about the author Guochang Zhang will soon be added to the site.
Found 1 papers in total
Moral hazard in corporate investment and the disciplinary role of voluntary capital rationing
Moral hazard in corporate investment and the disciplinary role of voluntary capital rationing
1997
This paper compares three capital-budgeting rules, the NPV rule, a high hurdle rate...
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