HOW DO CFOs MAKE CAPITAL BUDGETING AND CAPITAL STRUCTURE DECISIONS?
This paper is a compressed version of our paper that was first published as “The Theory and Practice of Corporate Finance: Evidence from the Field” in the Journal of Financial Economics, Vol. 60 (2001), pp. 187–243. This research is partially sponsored by the Financial Executives International (FEI) but the opinions expressed herein do not necessarily represent the views of FEI. We thank the FEI executives who responded to the survey. Graham acknowledges financial support from the Alfred P. Sloan Research Foundation.
Abstract