Tag Archives: Conundrum

Identify-describe a long-term investment project (either real or fictional) that would likely require significant capital commitment.

Discussion 2-1 FIN 660 Why might companies disregard a positive NPV? MIT professor of financial economics Stewart C. Myers asserts that different decision rules might apply when investments are long-term rather than short-term (Myers, 1977). Financial managers may rationalize that it is in their immediate interest to invest in short-term projects because they bring the […]