We have studied how the banking and finance industry performs investment appraisal, measures subsequent follow-up and designates project success or failure. Furthermore, the authors looked into the extent of use of the new generation value management models. The result shows that firms are not using the same measurement scale in all stages of a project. Moreover, there is a tendency to shift from traditional appraisal methods to the new generation value management models.

Additional Metadata
Keywords DCF methods, investment appraisal, project, shareholder value analysis, value management techniques
Publisher Erasmus Research Institute of Management (ERIM)
Persistent URL hdl.handle.net/1765/167
Citation
Akalu, M.M., & Turner, J.R.. (2002). Investment Appraisal Process in the Banking & Finance Industry (No. ERS-2002-17-ORG). Erasmus Research Institute of Management (ERIM). Retrieved from http://hdl.handle.net/1765/167