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• W2100644539 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. Therefore, slow-payback 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." @default.
• W2100644539 created "2016-06-24" @default.
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• W2100644539 date "2006-03-01" @default.
• W2100644539 modified "2023-09-29" @default.
• W2100644539 title "Payback without apology" @default.
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• W2100644539 doi "https://doi.org/10.1111/j.1467-629x.2006.00158.x" @default.
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