Capital budgeting ≈ Capital budgeting
View article
Tax Rates and Corporate Decision-making Open
We survey companies and find that many use incorrect tax rate inputs into important corporate decisions. Specifically, many companies use an average tax rate (the GAAP effective tax rate, ETR) to evaluate incremental decisions, rather than…
View article
The WACC Fallacy: The Real Effects of Using a Unique Discount Rate Open
In this paper, we test whether firms properly adjust for risk in their capital budgeting decisions. If managers use a single discount rate within firms, we expect that conglomerates underinvest (overinvest) in relatively safe (risky) divis…
View article
The Allocation of Capital within Firms Open
Funding agency: Fundacao para a Ciencia e a Tecnologia (UID/ECO/00124/2013), "Fundacao para a Ciencia e a Tecnologia"-Social Sciences DataLab (22209 ), POR Lisboa (LISBOA-01-0145-FEDER-007722), "POR Lisboa" (Social Sciences DataLab) and "P…
View article
Risk-Adjusted Discount Rate and Its Components for Onshore Wind Farms at the Feasibility Stage Open
The concept of risk is well known in the energy sector. It is normally recognized when it comes to price and cost forecasting, annual production calculation, or evaluating project lifetime. Nevertheless, it should be pointed out that the q…
View article
The Economic Value of Climate Information in Adaptation Decisions: Learning in the Sea-level Rise and Coastal Infrastructure Context Open
© 2018 The Authors Traditional methods of investment appraisal have been criticized in the context of climate change adaptation. Economic assessment of adaptation options needs to explicitly incorporate the uncertainty of future climate co…
View article
Capital budgeting practices in Indian companies Open
The volatility of the global economy, changing business practices, and academic developments have created a need to re-examine Indian corporate capital budgeting practices. Our research is based on a sample of 77 Indian companies listed on…
View article
Probabilistic hesitant fuzzy multiple attribute decision-making based on regret theory for the evaluation of venture capital projects Open
The selection of venture capital investment projects is one of the most important decision-making activities for venture capitalists. Due to the complexity of investment market and the limited cognition of people, most of the venture capit…
View article
Economic impact assessment indicators of circular economy in a decentralised circular water system — Case of eco-touristic facility Open
The transition from a linear make-use-dispose model to a Circular Economy (CE) model has gained momentum in recent years. To date, substantive efforts have been put by researchers and practitioners on environmental assessment of circular w…
View article
Investment Analysis of Waste Heat Recovery System Installations on Ships’ Engines Open
This study considers incentive provisions for investment decisions related to waste heat recovery system (WHRS) installations on ships to reduce CO2 emissions and improve ships’ engine efficiency. The economic assessment of WHRS installati…
View article
Capital budgeting practices by non-financial companies listed on Kuwait Stock Exchange (KSE) Open
Purpose-The purpose of this study is to investigate various aspects of capital budgeting techniques adopted by Kuwaiti non-financial companies listed on the Kuwait Stock Exchange (KSE). Design/methodology/approach-A questionnaire is used t…
View article
Corporate finance : theory and practice Open
Part I: INTRODUCTION. 1. Financial Decision Making. 2. Decision Objectives. Part II: INVESTMENT DECISIONS. 3. Traditional Methods of Investment Appraisal. 4. Investment-Consumption Decision Model. 5. The Discounted Cash Flow Approach. 6. N…
View article
Critical Analysis of Humanity and Character Education Values in EFL Textbooks for Grade Ninth Students Open
This study focuses on analyzing the representation of humanity and character education values through the concept of Think Globally, Act Locally applied both in content and pedagogical approaches. The subjects of this research are Think Gl…
View article
Robotic process automation deployments: a step-by-step method to investment appraisal Open
Purpose Robotic process automation (RPA) has recently emerged as a technology focusing on the automation of repetitive, frequent, voluminous and rule-based tasks. Despite a few practical examples that document successful RPA deployments in…
View article
Capital budgeting: a systematic review of the literature Open
Paper aims The purpose of this article is to identify the research opportunities in capital budgeting. Originality This research contributes to the literature by providing a methodology where researchers can potentially identify gaps from …
View article
Decision Making for Project Appraisal in Uncertain Environments: A Fuzzy-Possibilistic Approach of the Expanded NPV Method Open
The major drawback of the classic approaches for project appraisal is the lack of the possibility to handle change requests during the project’s life cycle. This fact incorporates the concept of uncertainty in the estimation of this invest…
View article
Monte Carlo on Net Present Value for Capital Investment in Malaysia Open
Capital investment becomes crucial investment decision in uncertain economic environment need to be made. Two major pitfall of classical net present value are uncertainty and managerial flexibilities. These drawbacks lead to imprecise cash…
View article
Technology for Solving the Problems Related To the Implementation of the Concept of Preserving Capital in Accounting and Statistics Open
At the present stage of economic theory development, a special role as a comprehensive indicator of the efficiency of activity is acquired by the current cost of the organization’s capital. The definition of the value of an asset was first…
View article
Startup Investment Decision Support: Application of Venture Capital Scorecards Using Machine Learning Approaches Open
This research aims to explore which kinds of metrics are more valuable in making investment decisions for a venture capital firm using machine learning methods. We measure the fit of developed companies to a venture capital firm’s investme…
View article
A Literature Review on the Net Present Value (NPV) Valuation Method Open
Evaluating different projects is an essential part of capital investment for the firm's future success.Among several evaluation methods, the net present value (NPV) methodology enjoys the highest prevalence.NPV method allows investors to o…
View article
Real Options and Discounted Cash Flow Analysis to Assess Strategic Investment Projects Open
In today’s uncertain and highly competitive business environment, the difficulty to make strategic investment decisions is growing. The dominant discounted cash flow analysis requires the assumption of perfect certainty of project cash flo…
View article
Decision Support System for Share Investment Using The Capital Assetpricing Method (CAPM) Open
Investment is the placement of a number of funds at this time with the hope of obtaining benefits in the future. Stocks are one of the most popular investments. The current millennial generation is interested in investing in stocks because…
View article
ALARP Criteria to Estimate Acceptability and Tolerability Thresholds of the Investment Risk Open
Assessing the riskiness of investments in civil works is an integral part of the decision-making process. The main limitation is the absence, both in the regulatory landscape and in the literature of the sector, of threshold values that ca…
View article
Optimization of the Equity in Formation of Investment Portfolio of a Shipping Company Open
The development of shipping companies relies on multiple financing channels and requires decisions to be made regarding fleet management. Therefore, a firm’s performance should be modeled based on multiple decision variables. The purpose o…
View article
A study on capital budgeting practices of some selected companies in Bangladesh Open
Purpose The purpose of this paper is to investigate the current capital budgeting practices in Bangladeshi listed companies and provide a normative framework (guidelines) for practitioners. Design/methodology/approach Data were collected w…
View article
Bounded rationality, capital budgeting decisions and small business Open
Purpose The purpose of this paper is to provide insight into the capital budgeting decision-making of Canadian and Mexican entrepreneurs in small businesses in the food sector. The objective is to understand the capital budgeting decisions…
View article
The cost of capital in the effectiveness assessment of financial management in a company Open
Financial management in a company is a decision process subject to achievement of the main goal of the company, that is its value maximization. Estimation of the cost of capital is of great significance in this area. The cost of capital af…
View article
Risk-based ROI, capital budgeting, and portfolio optimization in the Department of Defense Open
This article shows a reusable, extensible, adaptable, and comprehensive advanced analytical modeling process to help the U.S. Department of Defense (DoD) with risk-based capital budgeting and optimizing of acquisition and program portfolio…
View article
Optimal Subsurface Appraisal: A Key Link to the Success of Development Projects-Few Examples Open
During exploration and production phases, the life of a hydrocarbon field can be distinguished by five main stages: Exploration, appraisal, development, production and abandonment. Of particular interest is the appraisal stage, where billi…
View article
Does National Culture Impact Capital Budgeting Systems? Open
We examine how national culture impacts organisational selection of capital budgeting systems to develop our understanding of what influence a holistic formulation of national culture has on capital budgeting systems. Such an understanding…
View article
A qualitative analysis of capital budgeting in cotton ginning plants Open
Purpose To analyze capital budgeting practice in a group of small cotton ginning firms in Brazil. The study aims at describing how investment decision-making in the agribusiness context may be influenced by heuristics and by the business s…