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Your search keyword '"Saito, Richard"' showing total 2 results
Start Over Author "Saito, Richard" Search Limiters Peer Reviewed Topic capital budgeting Publication Year Range Last 10 years
2 results on '"Saito, Richard"'

2. STOCK EXCHANGE LISTING INDUCES SOPHISTICATION OF CAPITAL BUDGETING.

Author

MENDES-DA-SILVA, WESLEY and SAITO, RICHARD

Subjects
*CAPITAL budget, *CORPORATE finance, *SURVEYS, *STOCK exchanges, *CHIEF financial officers, *BUSINESS enterprises, *MATHEMATICAL models of economics, *CAPITAL costs, *ATTITUDE (Psychology), *CHARTS, diagrams, etc.
Abstract

This article compares capital budgeting techniques employed in listed and unlisted companies in Brazil. We surveyed the Chief Financial Officers (CFOs) of 398 listed companies and 300 large unlisted companies, and based on 91 respondents, the results suggest that the CFOs of listed companiestend to use less simplistic methods more often, for example: NPV and CAPM, and that CFOs of unlisted companies are less likely to estimate the cost of equity, despite being large companies. These findings indicate that stock exchange listing may require greater sophistication of the capital budgeting process. [ABSTRACT FROM AUTHOR]

Published
2014
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