haku: @author Sangster, A. / yhteensä: 2
viite: 2 / 2
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| Tekijä: | Sangster, A. |
| Otsikko: | Capital investment appraisal techniques: a survey of current usage. |
| Lehti: | Journal of Business Finance and Accounting
1993 : APR, VOL. 20:3, p. 307-332 |
| Asiasana: | CAPITAL INVESTMENT APPRAISAL CASH FLOW ORGANIZATIONAL CHANGE INFORMATION TECHNOLOGY |
| Kieli: | eng |
| Tiivistelmä: | This paper seeks to show that organizational change, fuelled by expansion of information technology, may have contributed to the erosion of the previously established relationship between company size and the quantitative investment appraisal criteria selected. It finds that companies are using more methods together, that usage of the more sophisticated discounted cash flow techniques is higher, and that usage of the less theoretically sound accounting rate of return technique is lower, than previous studies would have suggested for companies of the size involved. It suggests that the size/method selection relationship may only be identifiable when the companies involved are all part of one study, or the studies compared are contemporaneous. |
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