search query: @indexterm INVESTMENT APPRAISAL / total: 227
reference: 6 / 227
| Author: | Arnold, G.C. Hatzopoulos, P.D. |
| Title: | The theory-practice gap in capital budgeting: Evidence from the United Kingdom |
| Journal: | Journal of Business Finance and Accounting
2000 : JUN/JUL, VOL. 27:5&6, p. 603-626 |
| Index terms: | Capital budgeting United Kingdom Companies Investment appraisal Surveys |
| Language: | eng |
| Abstract: | The survival and vitality of a corporation are determined by its ability to regenerate itself through the allocation of capital to productive use. Inadequate evaluatory and decision tools risk the possibility of applying scarce resources to areas which provide a return less than the cost of capital. This study considers the extent to which modern investment appraisal techniques are being employed by the most significant UK corporations. |
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