Managerial Finance: Volume 20 Issue 7

CAPITAL BUDGETING: EMERGING ISSUES AND TRENDS

George M. Zinkhan, F. Christian Zinkhan

Since organizations have limited resources, it is not possible to invest in every opportunity which is recognized or imagined. Once a set of promising projects has been identified…

THE APPLICABILITY AND USAGE OF NPV AND IRR CAPITAL BUDGETING TECHNIQUES

C.S. Agnes Cheng, D. Kite, R. Radtke

Capital budgeting plays an essential role in a firm's long‐term viability and survival. The capital budgeting process includes: identification of potential projects, prediction of…

AN APPLICATION OF CONJOINT ANALYSIS TO CAPITAL BUDGETING: THE CASE OF INNOVATIVE LAND MANAGEMENT SYSTEMS

F.C. Zinkhan, G.M. Zinkhan

Multiattribute utility models link the relative attractiveness of a given project to the utility functions of the decision makers. Conjoint analysis is industry's most commonly…

EVALUATING THE IMPACT OF INVESTMENT PROJECTS ON THE FIRM'S CURRENCY EXPOSURE

Robert Johnson, Luc Soenen

Methods of capital budgeting have been well established in the finance literature as well as in corporate practice. In general, the discounted cash flow methods (IRR, NPV, PI) are…

EFFECTS OF DEBT ON OPTIMAL ASSET DURATION AND INVESTMENT

Alexandros P. Prezas

The question whether the use of an asset will be terminated before its physical life expires is of interest to financial managers. In other words, purchasing an asset does not…