Capital Budgeting and Investment Decisions

Uwe Götze, Deryl Northcott and Peter Schuster
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Uwe Götze: Technische Universität Chemnitz
Deryl Northcott: The Auckland University of Technology
Peter Schuster: Schmalkalden University of Applied Sciences

Chapter 1 in Investment Appraisal, 2015, pp 3-26 from Springer

Abstract: Abstract Investment decisions are of vital importance to all companies, since they determine both their potential to succeed and their ultimate cost structure. Investments usually entail high initial cash outflows and thus tie up substantial funds. Sound investment decisions are important, therefore. Yet, due to a highly complex and rapidly changing business environment they remain a challenging management task. Effective appraisal methods are valuable tools to support investment decisions. The following chapter explains characteristics of investment projects and discusses investment planning, provides an overview of concepts and methods and the didactical approach of this book. The decision models are then used throughout the book.

Keywords: Cash Flow; Capital Investment; Investment Project; Balance Scorecard; Investment Planning (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-662-45851-8_1

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DOI: 10.1007/978-3-662-45851-8_1

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