Abstract
PurposeThe purpose of this paper is to provide additional empirical evidence about capital budgeting practices in an emerging economy.Design/methodology/approachThe study utilizes a questionnaire and interview to collect data from respondents.FindingsThe 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 implicationsBased 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/valueThis is the first study applied on the capital budgeting practices and its related issues in the JIC.
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