Investment Appraisal Methods are valuable tools for corporate decision-making”. Based on peer-reviewed academic sources, discuss two empirical studies that investigate the use of investment appraisal methods for supporting investment decisions at the corporate level. Your discussion should cover the following points:
a) Explain the research question(s) that the studies are aiming to answer; (25 marks)
b) For each study, describe the samples used and the methodology adopted to collect the data; (25 marks)
c) Describe and draw comparisons between the results of the two studies. Based on these results, discuss why
corporate managers might more often use some appraisal methods rather than others when making investment choices. (50 marks)
