Does National Culture Impact Capital Budgeting Systems?

The Impact of Inflation on Capital Budgeting and Working Capital

A major impact on both financial theory and the practice of financial decision making has been the economic instability, especially in prices, evidenced in the U.S. economy since the mid 1960’s. Inflation in the past few years has not been a major macro economic problem, but its spectere, as demonstrated by the Fed’s recent increases in interest rates, is never for the agendas of financial deci...

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...

Chadhar et al. Impact of National Culture and ERP Systems Success IMPACT OF NATIONAL CULTURE ON ERP SYSTEMS SUCCESS

While Implementing an ERP system is still the aim of some organizations, because of limitations associated with these systems, this trend is slowing. The literature suggests that culture is one of the important factors influencing the success of ERP systems. The studies explore the national cultural influence on ERP system, according to our knowledge; most are from developed countries and focus...

Cognitive Biases in Capital Budgeting