Type of Document Master's Thesis Author Bush, Robert URN etd-11152013-040508 Title An analysis of the capital budgeting sophistication of primary forest products firms in the Eastern United States Degree Master of Science Department Accounting and Information Systems Advisory Committee
Advisor Name Title Steve A. Sinclair Committee Chair Gregory J. Buhyoff Committee Member Robert M. Shaffer Committee Member Keywords
- Budget in business
Date of Defense 1986-07-05 Availability restricted Abstract
The investment decision-making techniques, financing methods and equipment needs of 1,818 sawmills and pallet manufacturers in the Eastern United States were studied. Information was gathered using a mail survey and 581 usable responses were received.
It was found that discounted cash flow techniques have not been extensively adopted by the firms under study as primary methods of investment analysis. Undiscounted payback period was the most extensively used quantitative method. The majority of firms compared the expected return on an investment to a minimum rate of return but this minimum was often determined non-quantitatively. Firms most often accounted for the risk of an investment by subjective means.
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