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Do Farm Businesses And Big Businesses Apply Different Capital Budgeting Procedures?, P Allen, Douglas Cox, Joe Moffitt, Daniel Arthurton
Do Farm Businesses And Big Businesses Apply Different Capital Budgeting Procedures?, P Allen, Douglas Cox, Joe Moffitt, Daniel Arthurton
P. Geoffery Allen
Recent studies of capital budgeting procedures used by business executives suggest increasing use of present value methods. This study compares Massachusetts greenhouse business managers use of capital budgeting procedures to those of Fortune 1000 firms. Results indicate that different capital budgeting procedures are used and that the payback criterion remains the most popular for the farm firms studied. Some implications for Extension finance educators are drawn.