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Inflation and its adverse impacts on the economy are attacking Vietnamese enterprises at two-digit level at present … variables under the impact of inflation will help Vietnamese soldering sticks manufacturers to control operational capital … theories on relationship between normal interest rate, real interest rate and inflation rate such as the Fisher equation, the …
Persistent link: https://www.econbiz.de/10009763891
We analyze a unique dataset from a survey of CFOs of diversified firms to examine four areas of diversification and internal capital markets: causes and financing effects of corporate diversification, capital budgeting processes, capital investment methods, and reallocation policies in internal...
Persistent link: https://www.econbiz.de/10011761145
Unternehmungen benötigen Informationssyteme zur Untermauerung ihrerEntscheidungen. Diese sollen anzeigen, wie sich die in der Planung berücksichtigtenAlternativen auf das bzw. die verfolgten Unternehmenszieleauswirken. Mit der Investitions- und der Kostenrechnung stehen solcheSysteme zur...
Persistent link: https://www.econbiz.de/10009418845
"An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and mispricing. We use demand shifts induced by demographics to address this problem, and hence, provide a more...
Persistent link: https://www.econbiz.de/10003866847
Persistent link: https://www.econbiz.de/10003414557
The Least-Squares Monte Carlo model (LSM model) has emerged as the derivative valuation technique with the greatest impact in current practice. As with other options valuation models, the LSM algorithm was initially posited in the field of financial derivatives and its extension to the realm of...
Persistent link: https://www.econbiz.de/10011560802
Persistent link: https://www.econbiz.de/10003259915
This paper provides a behavioral analysis of BP, whose capital budgeting decisions in the last decade have resulted in a series of high profile accidents, including the worst environmental disaster in U.S. history. The analysis uses BP as a vehicle to discuss the application of business...
Persistent link: https://www.econbiz.de/10013129192
This study investigates the financial practices of Canadian firms involving capital budgeting, cost of capital estimation, capital structure, and real options. Survey respondents express a strong preference for net present value followed by internal rate of return and payback methods. The least...
Persistent link: https://www.econbiz.de/10013088827
An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and mispricing. We use demand shifts induced by demographics to address this problem, and hence, provide a more...
Persistent link: https://www.econbiz.de/10013152090