Cash Flow Estimation Practices Used in Greece and Cyprus

Abstract

The objective of this paper is to examine, determine, investigate and compare the extent to which enterprises in Greece and Cyprus use the theoretical framework to evaluate investments which are the discouraging factors concerning the use of this framework with particular emphasis to investigate the type, size and percentage of total capital expenditures detailed cash flow estimates; cash flow estimation practices and forecasting errors experience in the businesses in Greece and Cyprus.

The investigation was conducted by the distribution of a questionnaire to adequate number of small sized companies of Greece and Cyprus.

The study was based on a questionnaire that was promoted to 800 firms in Greece and 120 in Cyprus.

Keywords: Capital Budgeting, Investment Policy, Financial Policy, Capital Ownership Structure, Productivity,Survey in Finance

JEL Classification: G30, G31, G32