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1 – 2 of 2Basheer Ahmad Khamees, Nedal Al‐Fayoumi and Ali A. Al‐Thuneibat
The purpose of this paper is to provide additional empirical evidence about capital budgeting practices in an emerging economy.
Abstract
Purpose
The purpose of this paper is to provide additional empirical evidence about capital budgeting practices in an emerging economy.
Design/methodology/approach
The study utilizes a questionnaire and interview to collect data from respondents.
Findings
The results show that the JIC give almost equal importance to the discounted and undiscounted cash flow methods in evaluating capital investment projects. It appeared also that the most frequent used technique is the profitability index followed by the payback period.
Practical implications
Based on these results, the researchers recommend putting a great attention to apply the concepts and techniques of capital budgeting in an appropriate manner. The corporations should also consider importance of information technology and its applications in capital budgeting.
Originality/value
This is the first study applied on the capital budgeting practices and its related issues in the JIC.
Details
Keywords
Ali A. Al‐Thuneibat, Basheer Ahmad Khamees and Nedal A. Al‐Fayoumi
This study aims at investigating the effect of the qualified audit reports on shares prices and returns in Jordan.
Abstract
Purpose
This study aims at investigating the effect of the qualified audit reports on shares prices and returns in Jordan.
Design/methodology/approach
A market‐based study conducted on the qualified audit reports of the shareholding companies in Jordan during the period 2000‐2005.
Findings
The conclusions of the study showed that there is no clear or significant effect of a qualified audit opinion on share prices and returns.
Practical implications
Based on the conclusions of the study, the researchers recommend there is a need for further educating users of the role of the audit report and the need for extending this study to investigate the effect of the qualified audit reports on share prices and returns during other periods and using different test periods other than the announcement date.
Originality/value
This study is original because it provides us with new evidence about the effect of qualified audit reports on shares prices and returns in a developing country.
Details