The investment opportunity set: determinants, consequences and measurement

Kallapur, S and Trombley, M A (2001) The investment opportunity set: determinants, consequences and measurement. Managerial Finance, 27 (3). pp. 3-15.

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Abstract

Explains the concept of the investment set (IOS: i.e. chances to invest for expansion, new products, cost reduction etc.) and its effects on firm value. Reviews previous research on the theoretical relationships between IOS and optimal contracting resulting from shareholder/debtholder conflict, agency costs and performance measurement problems; and empirical research on its links with company policy on financing, dividends and compensation. Goes on to discuss research on measuring IOS by using various proxies; and summarizes the main findings.

Affiliation: Indian School of Business
ISB Creators:
ISB CreatorsORCiD
Kallapur, Shttps://orcid.org/0000-0003-2920-6144
Item Type: Article
Additional Information: The research article was published by the author with the affiliation of Purdue University.
Uncontrolled Keywords: Accounting research, Investment, Share prices, Business policy, Measurement
Subjects: Business and Management
Finance
Depositing User: Veeramani R
Date Deposited: 06 Mar 2019 07:35
Last Modified: 13 Mar 2019 09:22
URI: http://eprints.exchange.isb.edu/id/eprint/666
Publisher URL: https://doi.org/10.1108/03074350110767060
Publisher OA policy: http://www.sherpa.ac.uk/romeo/issn/0307-4358/
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