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| dc.contributor.author | Boyle, Glenn | |
| dc.contributor.author | Guthrie, Graeme | |
| dc.date.accessioned | 2015-02-11T21:38:43Z | |
| dc.date.accessioned | 2022-07-06T22:35:26Z | |
| dc.date.available | 2015-02-11T21:38:43Z | |
| dc.date.available | 2022-07-06T22:35:26Z | |
| dc.date.copyright | 1/03/2006 | |
| dc.date.issued | 2006 | |
| dc.identifier.uri | https://ir.wgtn.ac.nz/handle/123456789/18957 | |
| dc.description.abstract | When interest rates are uncertain the net-present-value threshold required to justify an irreversible investment is increasing in the length of a project's payback period. Thus slowpayback projects should face a higher hurdle than fast-payback projects just as investment folklore suggests. This result suggests that the widely disparaged use of payback for capital budgeting purposes can be an intuitive response to correctly perceived costs and benefits. | en_NZ |
| dc.format | en_NZ | |
| dc.language.iso | en_NZ | |
| dc.publisher | Te Herenga Waka—Victoria University of Wellington | en_NZ |
| dc.rights | Permission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870 | en_NZ |
| dc.title | Payback Without Apology | en_NZ |
| dc.type | Text | en_NZ |
| vuwschema.contributor.unit | New Zealand Institute for the Study of Competition and Regulation | en_NZ |
| vuwschema.contributor.unit | Victoria Business School: Orauariki | en_NZ |
| vuwschema.subject.anzsrcfor | 149999 Economics not elsewhere classified | en_NZ |
| vuwschema.type.vuw | Working or Occasional Paper | en_NZ |
| vuwschema.subject.anzsrcforV2 | 389999 Other economics not elsewhere classified | en_NZ |
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The New Zealand Institute for the Study of Competition and Regulation · ISCR
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