International Capital Budgeting

Imad A. Moosa

Chapter 4 in Foreign Direct Investment, 2002, pp 102-130 from Palgrave Macmillan

Abstract: Abstract An MNC’s decision to invest abroad (which is often based on strategic, economic or behavioural motives) may be defensive or aggressive, aiming at strengthening the company’s position. Although the decision to invest abroad may be taken for non-financial reasons, it is imperative that the underlying project is financially viable because the MNC will not otherwise survive in the long run. Capital budgeting (also called investment appraisal and project evaluation) is used for evaluating the financial viability of a project.

Keywords: Foreign Direct Investment; Discount Rate; Cash Flow; Host Country; Payback Period (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0749-3_4

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DOI: 10.1057/9781403907493_4

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