Capital budgeting practices by large Brazilian companies

Benchmarking Hotel Capital Budgeting Practices to Practices Applied in Non- Hotel Companies

A survey was conducted to compare hotel capital budgeting practices employed within and outside the hotel sector. It was found that the propensity to inflate investment cash inflow projections outweighs the propensity to deflate cash inflow estimates and the tendency to inflate projected cash inflows is less in the hotel industry. Hotels exhibit a lower level of development with respect to revi...

A Comparison of Large Sized Brazilian Companies

This chapter investigates the aspects involved in ERP systems management to understand how such artifacts transform the role of Information Technology (IT) areas within the organizations. ERP systems are currently the main component of the information architecture of most large and medium sized companies and the management of these systems has become a critical part of IT teams’ every day. Init...

Fuzzy capital budgeting

Fuzzy equivalents of all the classical capital budgeting (investment choice) methods are generalised or proposed. These equivalents can be used to evaluate and compare projects in which the cash ows, duration time and required rate of return (cost of capital) are given imprecisely, in the form of a fuzzy number. c © 2000 Elsevier Science B.V. All rights reserved.

Real Options – Capital Budgeting

Most investment decisions present the following three characteristics: • Irreversibility: The investment is partially or completely sunk, i.e. it cannot be recovered. • Uncertainty: The best that can be done is to assess the probabilities of the alternative outcomes that can imply larger or smaller profits. • Timing: The decision can be postponed in order to get more information (but never comp...

Cognitive Biases in Capital Budgeting