Purpose-The main purpose of this research was to delineate unearth lacunae in the extant
capital budgeting theory and practice during the last two decades and ipso facto become …

We introduce a new, market-based and forward looking measure of political risk derived
from the yield spread between a country's US dollar debt and an equivalent US Treasury …

Measuring the impact of political risk on investment projects is one of the most vexing issues
in international business. One popular approach is to assume that the sovereign yield …

We survey 400 executives in ten countries in Central and Eastern Europe (CEE) and report
the results of their companies' capital budgeting practices. We find that capital budgeting …

This study examines the evolution of the application of capital budgeting techniques.
Previous studies mostly used cross-sectional inquiries to understand the capital budgeting …

This paper seeks to shed further light on the capital budgeting techniques used by Spanish
companies. Our paper posits that the gap between theory and practice might be related to …

Purpose: This paper aims to extend and contribute to prior research on the association
between company characteristics and choice of capital budgeting methods (CBMs) …

We study the determinants for the choice of capital budgeting methods and the setting of
hurdle rates (WACCs) in five Nordic countries. Combining survey data with a rich set of …

Given the recent growing global uncertainties, firms have encountered increasing political
risks and responded accordingly to avoid a negative impact on their performance. This study …

This article aims to analyze the use of capital budgeting practices by large Brazilian
companies. The survey technique was used for data collection in 51 companies traded on …