Template-Type: ReDIF-Paper 1.0
Author-Name: Akalu, M.M.
Author-Name-Last: Akalu
Author-Name-First: Mehari
Author-Name: Turner, J.R.
Author-Name-Last: Turner
Author-Name-First: Rodney
Title: The Practice of Investment Appraisal
Abstract: 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.
Creation-Date: 2001-01-07
File-URL: https://repub.eur.nl/pub/140/erimrs20020107165927.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2001-77-ORG
Classification-JEL: G31, L2, M, M10
Keywords: DCF methods, Investment appraisal, project, shareholder value analysis, value management techniques
Handle: RePEc:ems:eureri:140