Capital budgeting: a systematic review of the literature
Paula de Souza Michelon; Rogério João Lunkes; Antonio Cezar Bornia
Abstract
Keywords
References
Acuña, E., Cancino, J., Vásquez, F., Mena, P., & Sánchez, K. (2015). Practices used in estimating the cost of capital and investment appraisal in the Chilean forestry sector.
Al-Mutairi, A., Naser, K., Saeid, M., & McMillan, D. (2018). Capital budgeting practices by non-financial companies listed on Kuwait Stock Exchange (KSE).
Andrés, P., Fuente, G., & San Martín, P. (2015). Capital budgeting practices in Spain.
Arnold, G. C., & Hatzopoulos, P. D. (2000). The theory-practice gap in capital budgeting: evidence from the United Kingdom.
Baker, H. K., Dutta, S., & Saadi, S. (2011). Management views on real options in capital budgeting.
Batra, R., & Verma, S. (2014). An empirical insight into different stages of capital budgeting.
Batra, R., & Verma, S. (2017). Capital budgeting practices in Indian companies.
Bell, S. T., Villado, A. J., Lukasik, M. A., Belau, L., & Briggs, A. L. (2011). Getting specific about demographic diversity variable and team performance relationships: a meta-analysis.
Bennouna, K., Meredith, G. G., & Marchant, T. (2010). Improved capital budgeting decision making: evidence from Canada.
Bernardo, A. E., Cai, H., & Luo, J. (2004). Capital budgeting in multidivision firms: Information, agency, and incentives.
Block, S. (1997). Capital budgeting techniques used by small business firms in the 1990s.
Brijlal, P., & Quesada, L. (2009). The use of capital budgeting techniques in businesses: a perspective from the Western Cape.
Brounen, D., Jong, A., & Koedijk, K. (2004). Corporate finance in Europe: confronting theory with practice.
Chatterjee, S., Wiseman, R. M., Fiegenbaum, A., & Devers, C. E. (2003). Integrating behavioural and economic concepts of risk into strategic management: the Twain Shall meet.
Egbide, B., Uwalomwa, U., & Agbude, G. A. (2013). Capital budgeting, government policies and the performance of SMEs in Nigeria: a hypothetical case analysis.
Ensslin, L., Ensslin, S. R., Lacerda, R. T. O., & Tasca, J. E. (2010).
Eschenbach, T., & Cohen, R. (2006). Which interest rate for evaluating projects?
Gitman, L. J., & Forrester, J. R. (1977). Survey of capital budgeting techniques used by major United States firms.
Graham, J., & Harvey, C. (2002). How do CFOs make capital budgeting and capital structure decisions?
Haka, S. F., Gordon, L. A., & Pinches, G. E. (1985). Sophisticated capital budgeting selection techniques and firm performance.
Hall, J. H., & Mutshutshu, T. (2013). Capital budgeting techniques employed by selected South African state-owned companies.
Hall, J., & Millard, S. (2011). Capital budgeting practices used by selected listed South African firms.
Hambrick, D. C. (2007). Upper echelons theory: an update.
Horn, A., Kjærland, F., Molnár, P., & Steen, B. W. (2015). The use of real option theory in Scandinavia’s largest companies.
Khamees, B. A., Al-Fayoumi, N., & Al-Thuneibat, A. A. (2010). Capital budgeting practices in the Jordanian industrial corporations.
Kitchenham, B., Brereton, O. P., Budgen, D., Turner, M., Bailey, J., & Linkman, S. (2009). Systematic literature reviews in software engineering: a systematic literature review.
Klammer, T. P. (1972). Empirical evidence of adoption of sophisticated capital budgeting techniques.
Lacerda, R. T. O., Ensslin, L., Ensslin, S. R., Knoff, L., & Dias Junior, C. M. (2016). Research Opportunities in business process management and performance measurement from a constructivist view.
Lazaridis, I. T. (2004). Capital budgeting practices: a survey in the firms in Cyprus.
Leon, F. M., Isa, M., & Kester, G. W. (2008). Capital budgeting practices of listed Indonesian companies.
Maccarrone, P. (1996). Organizing the capital budgeting process in large firms.
Mao, J. C. T. (1970). Survey of capital budgeting: theory and practice.
Marafon, A. D., Ensslin, L., Lacerda, R. T. O., & Ensslin, S. R. (2015). The effectiveness of multi-criteria decision aid methodology.
Markovics, K. S. (2016). Capital budgeting methods used in some European countries and in the United States.
Northcott, D. (1991). Rationality and decision making in capital budgeting.
Nurullah, M., & Kengatharan, L. (2015). Capital budgeting practices: evidence from Sri Lanka.
Pike, R. H. (1983). A review of recent trends in formal capital budgeting processes.
Pike, R. H. (1984). Sophisticated capital budgeting systems and their association with corporate performance.
Pike, R. H. (1986). The design of capital-budgeting processes and the corporate context.
Pike, R. H. (1988). An empirical study of the adoption of sophisticated capital budgeting practices and decision-making effectiveness.
Pike, R. H. (1989). Do sophisticated capital budgeting approaches improve investment decision-making effectiveness?
Pike, R. H. (1996). A longitudinal survey on capital budgeting practices.
Pike, R. H., & Ooi, T. S. (1988). The impact of corporate investment objectives and constraints on capital budgeting practices.
Pittaway, L., Robertson, M., Munir, K., Denyer, D., & Neely, A. (2004). Networking and innovation: a systematic review of the evidence.
Rayo, S., Cortés, A. M., & Sáez, J. L. (2007). Valoración empírica de las opciones de crecimiento: el caso de la Gran Empresa Española.
Ryan, P. A., & Ryan, G. P. (2002). Capital budgeting practices of the Fortune 1000: how have things changed?
Sandahl, G., & Sjögren, S. (2003). Capital budgeting methods among Sweden’s largest groups of companies: the state of the art and a comparison with earlier studies.
Souza, P., & Lunkes, R. J. (2016). Capital budgeting practices by large Brazilian companies.
Statman, M., & Caldwell, D. (1987). Applying behavioral finance to capital budgeting: project terminations.
Toit, M. J. D., & Pienaar, A. (2005). A review of the capital budgeting behaviour of large South African firms.
Toloo, M., Nalchigar, S., & Sohrabi, B. (2018). Selecting most efficient information system projects in presence of user subjective opinions: a DEA approach.
Vecino, C. E., Rojas, S. C., & Munoz, Y. (2015). Capital budgeting practices in Colombia.
Waiczyk, C., & Ensslin, E. R. (2013). Avaliação de produção científica de pesquisadores: mapeamento das publicações científicas.
Young, K., Ashby, D., Boaz, A., & Grayson, L. (2002). Social science and the evidence-based policy movement.