Capital Budgeting Practices: A Survey of Croatian Firms

Dedi Lidija and Orsag Silvije
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Dedi Lidija: Faculty of Economics, University of Zagrebu, Kennedyev trg 6, 10000 Zagreb, Croatia
Orsag Silvije: Faculty of Economics, University of Zagreb, Kennedyev trg 6, 10000 Zagreb, Croatia

South East European Journal of Economics and Business, 2007, vol. 2, issue 1, 59-67

Abstract: This paper reports the results of a mail survey of capital budgeting practices among Croatian firms and compares the results with those from similar studies in the USA, UK, Sweden, and other European countries. It is based on a questionnaire sent to 200 firms selected from 400 of the best Croatian firms (special edition of Privredni vjesnik) and to 34 banks from a ranking of Croatian banks (special edition of Privredni vjesnik). The response rate was 25,21%. The goal of the empirical survey was to determine the present application of quantitative capital budgeting methods, cost of capital and cash flow estimation, risk analysis and application of a real options approach in capital budgeting practices in Croatian firms. This is the first empirical survey of Croatian capital budgeting practices that has been undertaken.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:seejeb:v:2:y:2007:i:1:p:59-67:n:7

DOI: 10.2478/v10033-007-0016-y

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