The Capital Budgeting Process: Theory and Practice

Tarun K. Mukherjee and Glenn V. Henderson
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Tarun K. Mukherjee: Department of Economics and Finance, University of New Orleans, New Orleans, Louisiana 70148
Glenn V. Henderson: Department of Finance, Insurance, Real Estate, and Law, University of Cincinnati, Cincinnati, Ohio 45221

Interfaces, 1987, vol. 17, issue 2, 78-90

Abstract: Survey evidence in a four-stage framework for the capital budgeting process reveals that many capital budgeting practices differ from what the relevant theory prescribes. Much of the gap, however, can be explained by deficiencies in the theory itself, suggesting new directions for ongoing capital budgeting research.

Keywords: finance:; capital; budgets (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:17:y:1987:i:2:p:78-90

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