Capital investments - the decision process

Mirela Iloiu
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Mirela Iloiu: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2002, vol. 2, 98-101

Abstract: In this paper are summarized the four main stages in the capital investments process: identification, development, selection and control. The literature on capital budgeting processes shows that it is a complex, lengthy process of a series of stages through time, in which the earlier activities and choices are crucial. The traditional financial emphasis on the investments selection as the main element is misplaced and the whole capital investment activity is viewed within a wider political context and all activities within the process are interrelated and influenced by structural context, including the formal organization, control procedures, information systems and performance

Keywords: capital investments; identification; development; selection and control; budgeting; risk analysis (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:2:y:2002:p:98-101

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