Capital budgeting for the unexpected

Olof Zaring

Scandinavian Journal of Management, 1996, vol. 12, issue 3, 233-241

Abstract: This study examines capital budgeting and decision making for large industrial projects, and the way unexpected costs are generated and handled. Incidents from decision making in the industry are examined. Results show that the capital budgeting process has to handle conflicting interests, leading to trade-offs, as well as decision processes characteristics (sequentiality), which may give rise unexpected costs.

Keywords: Capital; investment; environment; sequential; investment; decisions; trade-offs (search for similar items in EconPapers)
Date: 1996
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