Samuel, Cherian.

Internal finance and investment: Another look. - Washington : World Bank, 1996.

This paper argues that firms rely on internal finance for capital expenditures because of managerial considerations instead of information-theoretic considerations and that rather than maximizing the market value of the firm, managers seem more interested in objectives like sales maximization, size of the firm, and perquisites.


Investment.
Finance -- Management.--Finance -- Management.