The Practice of Investment Appraisal
2001-01-07
Research Paper
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This case study examines the capital budgeting practices of four companies operating in different industry. The findings indicate that most companies follow decentralised project decision-making. Despite the use of DCF techniques, there is a tendency to combine with the newly crafted value management tools, which shows a trend shift in the capital budgeting methods. In addition, firms are found trying to modify the original DFC tools so as to accommodate their needs. However, firms don't use the same technique from project inception to completion.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- G31 : Capital Budgeting; Investment Policy
- L2 : Firm Objectives, Organization, and Behavior
- M10 : Business Administration: General
- M : Business Administration and Business Economics; Marketing; Accounting
Automatically Extracted Terms
- project
- management
- company
- method
- value
- appraisal
- investment
- project management
- business
- research
- analysis
- co -04
- turner
- practice
- industry
- investment appraisal
- technique
- process
- dcf methods
- capital
