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M.M. Akalu (Mehari) and J.R. Turner (Rodney)

2001-01-09

Investment Appraisal Process

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Publication

This case study examines the capital budgeting practices of two chemical companies. It is found that the companies apply the value management tools to supplement the DCF measures. In addition, the R&D projects are assessed using qualitative methods. Moreover, the study revealed the symptom of a trend shift in the choice of investment appraisal techniques from traditional DCF to the newly crafted value management models.

Additional Metadata
Keywords DCF methods, investment appraisal, project, shareholder value analysis, value management techniques
JEL Capital Budgeting; Investment Policy (jel G31), Firm Objectives, Organization, and Behavior (jel L2), Business Administration and Business Economics; Marketing; Accounting (jel M), Business Administration: General (jel M10)
Publisher Erasmus Research Institute of Management
Persistent URL hdl.handle.net/1765/141
Series ERIM Report Series Research in Management
Rights Copyright 2001, M.M. Akalu, R. Turner, This report in the ERIM Report Series Research in Management is intended as a means to communicate the results of recent research to academic colleagues and other interested parties. All reports are considered as preliminary and subject to possibly major revisions. This applies equally to opinions expressed, theories developed, and data used. Therefore, comments and suggestions are welcome and should be directed to the authors.
Organisation Erasmus Research Institute of Management
Citation
Akalu, M., & Turner, R. (2001). Investment Appraisal Process (No. ERS-2001-78-ORG). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/141
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