haku: @author Ellis, D. M. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
| Tekijä: | Edmunds, J. C. Ellis, D. M. |
| Otsikko: | A stock market-driven reformulation of multinational capital budgeting |
| Lehti: | European Management Journal
1999 : VOL. 17:3, p. 310-317 |
| Asiasana: | CAPITAL INVESTMENT STOCK MARKETS VALUATION |
| Kieli: | eng |
| Tiivistelmä: | A method for ranking cross-border capital investment pro- jects is proposed which makes direct use of stock-market valuation standards. The contribution of each proposed project is ranked according to how much the project would add to stock-market valuation of the parent company. The host country stock-market multiple is used when the proposed investment project will be in a subsidiary located in that host country Three projects are ranked using the conventio- nal method, the adjusted present value method, and the stock-market driven method. The rankings come out 1,2,3; 2,1,3; and 3,1,2. The intent of this paper is to cast doubt on the ranking methods that are currently in use, by showing a method that gives a different, and apparently superior, ranking. |
« edellinen | seuraava »
SCIMA