The Theory‐Practice Gap in Capital Budgeting: Evidence from the United Kingdom
By G. Arnold, Panos D. Hatzopoulos. 2000
283 citations recorded by the source corpus.
Subfields: Finance, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/8c93988402a2618108414dd6572d2e4539b0258c
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In Finance
- Fadi Alkaraan
- Karim Bennouna
- G. Meredith
- David A. Matsa
- Ravi Jagannathan
- Teresa Marchant
- D. Northcott
- Iwan Meier
In Strategy and Management
- Fadi Alkaraan
- Karim Bennouna
- G. Meredith
- David A. Matsa
- Teresa Marchant
- D. Northcott
- Iwan Meier
- Catherine Cooremans
Citations in the corpus
- Why Do Firms Use High Discount Rates (2016, background): “This combination helps to resolve the longstanding puzzle from CFO surveys as to why firms appear to require excessive rates of return when screening investment opportunities (Poterba and Summers, 1995; Arnold and Hatzopoulos, 2000).”
- Corporate disclosure, cost of capital and reputation: evidence from finance directors (2008, unknown): “The prevalence of the CAPM to estimate the cost of equity is in line with the findings of other recent investigations in the UK (Arnold and Hatzopoulos, 2000; McLaney et al., 2004; Rutterford, 2000) and the USA (Graham and Harvey, 2001).”
- Improved capital budgeting decision making: evidence from Canada (2010, methodology): “…Emerald Group Publishing Limited 0025-1747 DOI 10.1108/00251741011022590 DCF has become the dominant evaluation method in Canada (Jog and Srivastava, 1995; Payne et al., 1999), the UK (Arnold and Hatzopoulos, 2000) and the USA (Farragher et al., 1999; Graham and Harvey, 2001; Ryan and Ryan, 2002).”
- Strategic capital investment decision-making: A role for emergent analysis tools?: A study of practice in large UK manufacturing companies (2006, methodology): “Sensitivity analysis emerged as the most widely employed technique for assessing the risk of both strategic and non-strategic investment projects, continuing a trend evident in previous UK studies (Pike, 1988, 1996; Ho and Pike, 1991; Arnold and Hatzopoulos, 2000).”
- Cost-of-Capital Estimation and Capital-Budgeting Practice in Australia (2008, unknown): “A survey of UK companies by Arnold and Hatzopoulos (2000) found that DCF techniques were dominant, with 96% of the respondents using either NPV or IRR techniques.”