Capital budgeting techniques employed by selected South African state-owned companies
| dc.contributor.author | Hall, J.H. (John Henry) | |
| dc.contributor.author | Mutshutshu, Tendani | |
| dc.contributor.email | john.hall@up.ac.za | en_ZA |
| 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 |