Newcastle Investment Company Ltd

  • Andrew M. McCosh
  • Michael J. Earl


This case (Newcastle) addresses many of the key methodological issues of capital budgeting. The problems posed allow the underlying theoretical issues to be discussed, but within a context where practical implications are important.


Discount Rate Cash Flow Capital Structure Financial Strategy Capital Budget 
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Further Reading

  1. 1.
    Bierman, H. and Smidt, S., The Capital Budgeting Decision (Macmillan, 1966).Google Scholar
  2. 2.
    Brigham, E.F., Financial Management: Theory and Practice (Holt, Rinehart Winston, 1977).Google Scholar
  3. 3.
    Carsberg, B. and Hope, A., Business Investment Decisions Under Inflation: Theory and Practice (ICAEW, 1976).Google Scholar
  4. 4.
    Merrit, H.A.J. and Sykes.A., The Finance and Analysis of Capital Projects (Longman, 1963).Google Scholar
  5. 5.
    Van Horne, J.C., Financial Management and Policy (Prentice-Hall, 1975).Google Scholar

Copyright information

© Andrew M. McCosh and Michael J. Earl 1979

Authors and Affiliations

  • Andrew M. McCosh
    • 1
  • Michael J. Earl
    • 2
  1. 1.Manchester Business SchoolUK
  2. 2.Oxford Centre for Management StudiesUK

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