__ March 2014
Summary:
- What the Paper is about
The paper is about John R. Graham and Campbell R. Harvey‘s analysis of their survey regarding the current practices of corporate finance. It looks into three main aspects: capital budgeting, cost of capital and capital structure :
The objectives of the research study are: (a) to serve as basis for development of new corporate finance theories, or to modify/nullify existing ones; and (b) for practitioners to learn from the findings, especially from cases where academic theories were not applied completely.
It is differentiated from earlier surveys conducted in ...