CAPITAL BUDGETING FOR INTERNATIONAL BUSINESS: A FRAMEWORK FOR ANALYSIS

Abstract

This article focuses on three related themes. Firstly, normative decision rules for the international capital budgeting decision are outlined. Secondly, the strengths and limitations of finance theory in guiding the capital budgeting plan within the MNC are discussed. Thirdly, strategic views are introduced to complement financial analysis in the area of international capital budgeting.

Citation

Holland, J. (1990), "CAPITAL BUDGETING FOR INTERNATIONAL BUSINESS: A FRAMEWORK FOR ANALYSIS", Managerial Finance, Vol. 16 No. 2, pp. 1-6. https://doi.org/10.1108/eb013638