Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 9
Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 9
CHAPTER NINE C A P I T A L B U D G E T I N G A N D R I S K The development of modern theories linking risk and expected return, smart financial managers adjusted for risk in capital budgeting. They realized intuitively that, other things being equal, risky projects are less desirable than safe ones.
