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A Summary of Multinational Capital Budgeting Studies

Suk H. Kim (College of Business Administration, University of Detroit Mercy, P.O.Box 19900, Detroit, MI 48219–0900)
Gregory Ulferts (College of Business Administration, University of Detroit Mercy, P.O.Box 19900, Detroit, MI 48219–0900)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 January 1996

478

Abstract

A quarter of a century has passed since Stonehill and Nathanson (1968) surveyed multinational companies to determine their foreign capital budgeting practices. Since then, research has not only refined its theoretical base on this subject but also expanded the knowledge of actual practices by multinational companies. This article summarizes the findings of major multinational capital budgeting studies for the last 25 years to ascertain whether companies followed theoretically prescribed approaches. Then, it suggests further research to advance the knowledge on this subject.

Citation

Kim, S.H. and Ulferts, G. (1996), "A Summary of Multinational Capital Budgeting Studies", Managerial Finance, Vol. 22 No. 1, pp. 75-85. https://doi.org/10.1108/eb018544

Publisher

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MCB UP Ltd

Copyright © 1996, MCB UP Limited

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