ABANDONMENT VALUE AND CAPITAL BUDGETING*

Abstract

The Journal of FinanceVolume 22, Issue 4 p. 577-589 Article ABANDONMENT VALUE AND CAPITAL BUDGETING* Alexander A. Robichek, Alexander A. Robichek The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this authorJames C. Van Horne, James C. Van Horne The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this author Alexander A. Robichek, Alexander A. Robichek The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this authorJames C. Van Horne, James C. Van Horne The authors are, respectively, Professor of Business Administration and Associate Professor of Finance, Graduate School of Business, Stanford University. The assistance and helpful suggestions of W. David Neibuhr and Stewart C. Myers are gratefully acknowledged.Search for more papers by this author First published: December 1967 https://doi.org/10.1111/j.1540-6261.1967.tb00293.xCitations: 23 † This study was supported, in part, by funds made available by the Ford Foundation to the Graduate School of Business, Stanford University. The conclusions, opinions and other statements in this paper are those of the authors and are not necessarily those of the Ford Foundation. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume22, Issue4December 1967Pages 577-589 RelatedInformation