Abstract
Capital budgeting is one of the most significant topics in corporate finance. Companies use capital budgeting to make investment decisions that add to the firm’s value. It is important that they make the right investments to define strategic direction and sustain both product market and capital market flexibility. Hence it is imperative that they use the right capital budgeting technique (“CBT”). CBTs have evolved over time and most companies in the US now use techniques that coincide with the recommendations of the literature, mainly discounted cash flow techniques (“DCF”). Although DCF techniques might be considered the preferred approach in principle, we will see that it is not always so in practice. In this article we study CBTs used in Nepal and find that they differ from the preferred approaches.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
