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A Longitudinal Survey On Capital Budgeting Practices

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  • Richard Pike

Abstract

This paper reports the findings of a longitudinal study of capital budgeting practices within 100 large UK companies between 1975 and 1992. Such an approach enables a more meaningful comparison of changes in investment practices over time and helps to clarify the confusing picture built up from comparison of prior surveys with different research designs and often low response rates.

Suggested Citation

  • Richard Pike, 1996. "A Longitudinal Survey On Capital Budgeting Practices," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 23(1), pages 79-92, January.
    • Handle: RePEc:bla:jbfnac:v:23:y:1996:i:1:p:79-92
    DOI: 10.1111/j.1468-5957.1996.tb00403.x
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    References listed on IDEAS

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    1. Larcker, David F., 1983. "The association between performance plan adoption and corporate capital investment," Journal of Accounting and Economics, Elsevier, vol. 5(1), pages 3-30, April.
    2. Klammer, Thomas, 1972. "Empirical Evidence of the Adoption of Sophisticated Capital Budgeting Techniques," The Journal of Business, University of Chicago Press, vol. 45(3), pages 387-397, July.
    3. Allen Rappaport, 1979. "A Critique of Capital Budgeting Questionnaires," Interfaces, INFORMS, vol. 9(3), pages 100-102, May.
    4. Raj Aggarwal, 1980. "Corporate Use of Sophisticated Capital Budgeting Techniques: A Strategic Perspective and a Critique of Survey Results," Interfaces, INFORMS, vol. 10(2), pages 31-34, April.
    5. Alan Sangster, 1993. "Capital Investment Appraisal Techniques: A Survey Of Current Usage," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 20(3), pages 307-332, April.
    6. Meir J. Rosenblatt & James V. Jucker, 1979. "Capital Expenditure Decision/Making: Some Tools and Trends," Interfaces, INFORMS, vol. 9(2-part-1), pages 63-69, February.
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