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Volume 14, Issue 2-3
1 February 1988
Managerial Finance Cover Image for Volume 14, Issue 2-3
Review Article| February 01 1988

THE CAPITAL BUDGETING PROCESS OF LARGE U.S. FIRMS; AN ANALYSIS OF CAPITAL BUDGETING MANUALS. Available to Purchase

Tarun K. Mukherjee
Tarun K. Mukherjee
Professor of Finance University of New Orleans.
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 1758-7743
Print ISSN: 0307-4358
© MCB UP Limited
1988
Managerial Finance (1988) 14 (2-3): 28–35.
https://doi.org/10.1108/eb013598

In a departure from the usual questionnaire‐based survey, this study attempts to understand the capital budgeting process of large U.S. firms by examining capital budgeting manuals that Fortune 500 companies use to explain their respective capital budgeting policies and procedures. The paper presents some general observations regarding the capital budgeting process in a three‐stage framework: planning, appropriation, and audit.

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© MCB UP Limited
1988
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