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

2002-02-19

Investment Appraisal Process in the Banking & Finance Industry

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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
JEL Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies (jel G24), 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/1765/167
Series ERIM Report Series Research in Management
Rights Copyright 2002, 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. (2002). Investment Appraisal Process in the Banking & Finance Industry (No. ERS-2002-17-ORG). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/167
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