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The Demand for Capital: New Equipment, its Operation and Finance

  • Chapter
The Capital Market: its Nature and Significance

Part of the book series: Studies in Finance and Accounting

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Abstract

In this chapter we examine some of the internal processes and logic applied in organisations which lead to their demand for capital. We mainly discuss a commercial environment, but others are also referred to. The chapter is divided into four sections which deal with: the internal processes involved with capital expenditure decisions; the techniques utilised when evaluating proposals; principles involved when choosing the type of finance for capital expenditure; and the principles used when financing the operations following capital expenditure.

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Further Reading

  • Tibar Barna, Investment and Growth Policies in British Industrial Firms, National Institute of Economic and Social Research (Cambridge University Press, 1962).

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  • Robert Jones and Oliver Marriott, Anatomy of a Merger (London: Pan Books, 1970).

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  • A. J. Merrett and Allen Sykes, Capital Budgeting and Company Finance (London: Longmans, 1966).

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  • K. Midgley and R. G. Burns, Business Finance and the Capital Market, 2nd edn (London: Macmillan, 1972).

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  • Peter Readman, The European Money Puzzle (London: Michael Joseph, 1973).

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  • Alex Rubner, The Ensnared Shareholder (London: Macmillan, 1965).

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  • J. M. Samuels and F. M. Wilkes, Management of Company Finance (London: Nelson, 1971).

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  • Alfred P. Sloan Jr, My Tears with General Motors (London: Pan Piper, 1965).

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  • Bruce R. Williams and W. P. Scott, Investment Proposals and Decisions (London: Allen & Unwin, 1965).

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  • ‘Public Sector Investment, Economic or Political Decisions, Barclays Review (August 1974).

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  • ‘Accounting for Society. Cost Benefit Analysis’, Barclays Review (August 1974).

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  • Nationalised Industries. A review of Financial and Economic Objectives, Cmnd. 3437 (London: H.M.S.O., 1967).

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  • British Steel Corporation: 10 Tear Development Strategy, Cmnd. 5226 (London: H.M.S.O., 1973).

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  • H. Scholefield, N. s. McBain and J. Bagwell, ‘The Effects of Inflation on Investment Appraisal’, Journal of Business Finance (Summer 1973).

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Author information

Authors and Affiliations

  1. Brighton Polytechnic, UK

    Kenneth Midgley B.A., B.Sc.(Econ.), Ph.D., F.C.I.S. (Principal Lecturer in Finance)

  2. Portsmouth Management Centre, Portsmouth Polytechnic, UK

    Ronald Burns M.Phil., A.C.C.A. (Senior Lecturer in Business Studies)

Authors
  1. Kenneth Midgley B.A., B.Sc.(Econ.), Ph.D., F.C.I.S.
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  2. Ronald Burns M.Phil., A.C.C.A.
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Copyright information

© 1977 Kenneth Midgley and Ronald Burns

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Midgley, K., Burns, R. (1977). The Demand for Capital: New Equipment, its Operation and Finance. In: The Capital Market: its Nature and Significance. Studies in Finance and Accounting. Palgrave, London. https://doi.org/10.1007/978-1-349-15755-6_4

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