Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/78785
Title: | Investment appraisal practice in the European Union countries |
Authors: | Zarzecki, Dariusz Pawlak, Marcin |
Keywords: | Capital budget -- European Union countries Capital costs -- European Union countries Risk assessment -- European Union countries Investments -- European Union countries |
Issue Date: | 2020 |
Publisher: | University of Piraeus. International Strategic Management Association |
Citation: | Pawlak, M., & Zarzecki, D. (2020). Investment appraisal practice in the European Union countries. European Research Studies Journal, 23(Special issue 2), 687-699. |
Abstract: | Purpose: The goal of the paper was to perform a literature study, to determine the state of the theory and practice of investment valuation in the countries of the European Union which should be the starting point for further research. Design/Methodology/Approach: In this paper, an analysis of literature sources was carried out about assessing the effectiveness of investments in European Union countries. The conducted review and description of the found scientific sources is aimed at determining the current state of investment valuation practice, a description of the research carried out so far, which will allow us to determine the starting point for a new study. Findings: During preliminary research found it profoundly surprising that despite the huge potential impact of better capital allocation, there are two main problems regarding investment appraisal practices in European companies. First and foremost, a large part of even the largest European corporations do not use advanced investment appraisal techniques or apply them only to a limited extent. Secondly, yet there has not been a research into practical applications of investment appraisal methodologies that would cover the entire Single Market, i.e., the European Economic Area and Switzerland. Practical Implications: Obtained conclusions allowed us to recommend a study of the relationship between investment appraisal practice and company performance for all the countries of the European Single Market. Originality/value: Further research should identify the differences regarding the use of investment appraisal methods between countries as well as sectors. It is expected that the conclusions from projected future research will considerably broaden the knowledge about a particularly important area of corporate activity – making decisions regarding resource allocation. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/78785 |
Appears in Collections: | European Research Studies Journal, Volume 23, Special Issue 2 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Investment_appraisal_practice_in_the_european_union_countries.pdf | 246.26 kB | Adobe PDF | View/Open |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.