Loughborough University
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Criteria for the comparative evaluation, selection and integration of methods of financing industrial capital expenditure

posted on 2018-11-08, 11:58 authored by Roger A. Fawthrop
The genesis of this thesis lies in my experience as chief accountant to the UK and European subsidiaries of one of the faster growing American corporations. In terms of sales, profits and capital employed growth in the UK has been equally rapid; and a significant contributor to that expansion has been the exploitation or the financial and cost leverage potential inherent in the skilful utilisation of debt finance. I hasten to add that such utilisation was, as it must be, a function or financial management rather than of accountancy. Subsequent moderately extensive reading in the theory of capital expenditure control evoked a growing conviction that insufficient regard is paid in most developments of the theory as to the manner of financing such expenditure. [Continues.]



  • Business and Economics


  • Business


© R.A. Fawthrop

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This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

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A Doctoral Thesis. Submitted in partial fulfilment of the requirements for the award of the degree of Doctor of Philosophy at Loughborough University.


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