摘要：AbstractThe paper aimed to explore, in the form of a questionnaire on the sample of 100 companies operating in Poland the extent of use of capital budgeting methods and also factors determining their selection. The empirical study enabled to partly positively verify H1, meaning that majority of the companies use methods recommended in textbooks: NPV (53%), sensitivity analysis (54%), scenario analysis (61%) and formalization of investment appraisal (81%). The study results also enabled to partly positively verify H2, and showed statistically significant positive influence on capital budgeting methods selection of such factors as: large size of company's capital expenditure budget, foreign ownership and company size. The author believes that the study will bridge the gap in the MA literature and researchers will use its results to question current ideas and develop new theories. The results may also help practitioners to identify areas where recommended methods have not been implemented and their use could be beneficial for the company due to the fact that they facilitate activities which create value.
