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1
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• ?????, 12.05.2010

2
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3
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  ??????????? ????????????? ?????????????? ????????
  ????? 90-? ??. (Pike, Damodaran)
• ????? ???????? ???????????? ?????? ??????????
  ????? ?? ??????? Graham, J., Harvey, C. (2001),
  The theory and practice of corporate finance
  Evidence from the field
• ????? ????? ???????? ????????? ??????
• Arnold, Hatzopoulos, The theory-practice gap in
  capital budgeting Evidence from the United
  Kingdom.
• Brounen, De Jong, Koedijk, Corporate finance in
  Europe Confronting theory with practice.
• Graham, Harvey, How do CFOs make capital
  budgeting and capital structure decisions?
• Hermes, Smid, Yao, Capital budgeting practices A
  comparative study of the Netherlands and China.
• Payne, Heath, Gale, Comparative financial
  practice in the US and Canada Capital budgeting
  and risk assessment techniques.
• Ryan, Ryan, Capital budgeting practices of the
  Fortune 1000 how have things changed?
• Truong, Partington, Peat, Cost of capital
  estimation and capital budgeting practice in
  Australia.

4
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5
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• ?????? ?? ???????????? ???????? ???????? IRR. ?
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  ????????????? NPV ? IRR ??????????? ?????????.
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  ?????.

6
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