The Continuing Increase in the Use of Sophisticated Capital Budgeting Techniques

The surveys and statistical tests were described in a paper presented at the 1981 Financial Management Association national meeting. More information is available from the authors.

Rosenblat Meir J. Jucker James , “Capital Expenditure Decision Making: Some Tools and Trends,” Interfaces (February 1979), pp. 63–69.

Istvan Donald F. , “The Economic Analysis of Capital Expenditures,” The Journal of Business (January 1961), pp. 45–51; Miller J. H. , “A Glimpse at Practice in Calculating and Using Returns on Investment,” National Association of Accountants Bulletin (June 1960), pp. 65–76; Christy George A. , Capital Budgeting: Current Practices and Their Efficiency (Corvallis, OR: Bureau of Business Research, University of Oregon, 1966); Robichek A. A. MacDonald J. G. , Financial Management in Transition, Long Range Planning Service Report No. 208 (Menlo Park, CA: Stanford Research Center, January 1966); Klammer Thomas , “Empirical Evidence of the Adoption of Sophisticated Capital Budgeting Techniques,” Journal of Business (July 1972); Fremgen James , “Capital Budgeting Practices: A Survey,” Management Accounting (May 1973), pp. 19–25; Petry Glenn H. , “Effective Use of Capital Budgeting Tools,” Business Horizons (October 1975), pp. 57–65.

Robichek MacDonald , op. cit.

Petry , op. cit.

Klammer , op. cit.; Fremgen , op. cit.; Petry , op. cit.; Gitman L. J. Forrester J. R. Jr. , “A Survey of Capital Budgeting Techniques Used by Major U.S. Firms,” Financial Management (Fall 1974), pp. 66–71; Schall L. D. Sundem G. L. Geisjbeek W. R. , “Survey and Analysis of Capital Budgeting Methods,” Journal of Finance (March 1978), pp. 281, 287; Kim Suk H. Farragher Edward J. , “Current Capital Budgeting Practices,” Management Accounting (June 1981), pp. 26–30.

Petty J. W. Scott D. R. Bird M. M. , “The Capital Expenditure Decision-Making Process of Large Corporations,” Engineering Economist (Spring 1975), pp. 159–72.

Williams R. B. , “Industry Practice in Allocating Capital Resources,” Managerial Planning (May/June 1970), pp. 15–17, 20–22; Petty J. William Bowlin Oswald D. , “The Financial Manager and Quantitative Decision Models,” Financial Management (Winter 1976), pp. 32–41; Neuhauser J. J. Viscione J. A. , “How Managers Feel About Advanced Capital Budgeting Methods,” Management Review (November 1973), pp. 16–22.

Fremgen , op. cit.; Petry , op. cit.; Gitman Forrester , op. cit.; and Schall Sundem Geisjbeek , op. cit.

Schall Sundem Geisjbeek , op. cit.

Petty Bowlin , op. cit.

Gitman Forrester , op. cit.

Schall Sundem Geisjbeek , op. cit.

Ibid.; and Petty Scott Bird , op. cit.

Fremgen , op. cit.; and Gitman Forrester , op. cit.