Search

This study aims to investigate the feasibility of establishing international capital budgeting Criteria (ICBC) that are more suitable for international companies in making investment decisions (ID). It highlights the equations related to measuring the results of international capital budgeting (CB) Criteria that contribute to achieving and predicting future cash flows. The research sample consisted of analysts, investors, academics, financial managers, and individuals interested in foreign investments and financial data analysis across various service contract fields. The researcher distributed 343 valid survey forms for analysis. The questionnaire included a set of paragraphs and questions, and the data were collected and categorized using the statistical software (SPSS 24). The study concludes that ICBC based on discounted cash flows (DCF) are preferred measures for making optimal ID in the Iraqi environment. [ABSTRACT FROM AUTHOR]

This study aims to explore the feasibility of adopting international capital budgeting (ICB) Criteria, specifically Net Present Value (NPV) and Adjusted Present Value (APV), as more suitable criteria for international companies when making investment decisions (ID). The study also elucidates the equations related to measuring the results of ICB Criteria, contributing to the estimation and prediction of future cash flows. The research sample included analysts, investors, academics, financial managers, and individuals interested in foreign investments and financial data analysis across all service contract fields. The researcher distributed 343 valid survey forms, including paragraphs and questions, and collected and classified the data using the Statistical Package for the Social Sciences (SPSS version 24). The study concludes that ICB Criteria (NPV and APV) based on discounted cash flows (DCF) are preferred measures for making optimal ID in the Iraqi environment. [ABSTRACT FROM AUTHOR]

The article discusses research which investigated how the environmental performance index (EPI) of countries and other related indicators influence their environmental democracy index (EDI). Topics explored include the EDI coverage such as citizen participation in environmental decision making and implementation of environmental policies by the government, the review of published studies concerning environmental performance, and government intervention in environmental protection.

Investment cash flow sensitivity constitutes one important block of the corporate financial literature. While it is well documented in standard corporate finance, it is still young under behavioral corporate finance. In this paper, we test the investment cash flow sensitivity among panel data of American industrial firms during 1999-2010. Using Q-model of investment (Tobin, 1969), we construct and introduce a proxy of managerial optimism following Malmendier and Tate (2005a) to show the impact of CEOs' optimism in the relationship between investment and internal cash flow. Our results report a positive and significant coefficient of investment to cash flow for the full sample. While, on estimations of our model using sub-sample of more and less constrained firms, we find that the sensitivity exists stronger only for totally constrained group. We find also that board characteristics can reduce investment policy's distortions. [ABSTRACT FROM AUTHOR]

This study tries to extend previous works on behavioral corporate finance by examining the interaction between investment cash flow sensitivity and various CEO characteristics in either the existence or inexistence of managerial optimism. Using a Q-investment model and departing from a sample of 475 annual observations, our results highlight that CEO's financial education, CEO's ownership and their optimism bias can explain distortions in corporate investment policy since they affect investment cash flow's relationship. [ABSTRACT FROM AUTHOR]