dc.contributor.author |
Hall, J.H. (John Henry)
|
|
dc.contributor.author |
Mutshutshu, Tendani
|
|
dc.date.accessioned |
2014-12-10T05:43:12Z |
|
dc.date.available |
2014-12-10T05:43:12Z |
|
dc.date.issued |
2013 |
|
dc.description.abstract |
An analysis of the prior literature revealed few studies on the capital budgeting practices of state-owned companies (SOCs). The goal of this study was therefore to investigate the capital budgeting techniques employed by decision-makers in South African state-owned companies. The results indicated that the NPV and IRR techniques were used by 43% of respondents (the NPV was slightly more popular). WACC emerged as the preferred discount rate for capital budgeting purposes. In considering project risk, state-owned companies seem to prefer sensitivity analysis. It is thus recommended that academics emphasise the importance of NPV as a primary capital budgeting technique. |
en_ZA |
dc.description.librarian |
am2014 |
en_ZA |
dc.description.uri |
http://www.virtusinterpress.org/Corporate-Ownership-and-Control,357.html |
en_ZA |
dc.identifier.citation |
Hall, JH & Mutshutshu, T 2013, 'Capital budgeting techniques employed by selected South African state-owned companies', Corporate Ownership and Control, vol. 10, no. 3, pp. 177-187. |
en_ZA |
dc.identifier.issn |
1727-9232 (print) |
|
dc.identifier.issn |
1810-3057 (online) |
|
dc.identifier.issn |
1810-0368 (cd) |
|
dc.identifier.uri |
http://hdl.handle.net/2263/42895 |
|
dc.language.iso |
en |
en_ZA |
dc.publisher |
Virtus Interpress |
en_ZA |
dc.rights |
Virtus Interpress |
en_ZA |
dc.subject |
Net present value (NPV) |
en_ZA |
dc.subject |
Internal rate of return (IRR) |
en_ZA |
dc.subject |
Weighted average cost of capital (WACC) |
en_ZA |
dc.subject |
Capital budgeting techniques |
en_ZA |
dc.subject |
State-owned companies (SOCs) |
en_ZA |
dc.title |
Capital budgeting techniques employed by selected South African state-owned companies |
en_ZA |
dc.type |
Article |
en_ZA |