Investment Appraisal Process

Mehari Akalu and Rodney Turner

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: This case study examines the capital budgeting practices of two chemical companies. It is found that the companies apply the value management tools to supplement the DCF measures. In addition, the R&D projects are assessed using qualitative methods. Moreover, the study revealed the symptom of a trend shift in the choice of investment appraisal techniques from traditional DCF to the newly crafted value management models.

Keywords: DCF methods; investment appraisal; project; shareholder value analysis; value management techniques (search for similar items in EconPapers)
JEL-codes: G31 L2 M M10 (search for similar items in EconPapers)
Date: 2001-01-09
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Persistent link: https://EconPapers.repec.org/RePEc:ems:eureri:141

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