The Capital Budgeting Process: Theory and Practice
- 1 April 1987
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Interfaces
- Vol. 17 (2) , 78-90
- https://doi.org/10.1287/inte.17.2.78
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.This publication has 0 references indexed in Scilit: