Registro Completo |
Biblioteca(s): |
Embrapa Unidades Centrais. |
Data corrente: |
23/12/2014 |
Data da última atualização: |
07/01/2015 |
Autoria: |
SILVA, W. M. da; SAITO, R. |
Afiliação: |
WESLEY MENDES DA SILVA; RICHARD SAITO. |
Título: |
Stock exchange listing induces sophistication of capital budgeting. |
Ano de publicação: |
2014 |
Fonte/Imprenta: |
Revista de Administração de Empresas, São Paulo, v. 54, n. 5, p. 560-574, set./out. 2014. |
Idioma: |
Inglês |
Conteúdo: |
This article compares capital budgeting techniques employed in listed and unlisted companies in Brazil. We surveyed the Chief Financial Officers (CFOs) of 398 listed companies and 300 large unlisted companies, and based on 91 respondents, the results suggest that the CFOs of listed companies tend to use less simplistic methods more often, for example: NPV and CAPM, and that CFOs of unlisted companies are less likely to estimate the cost of equity, despite being large companies. These findings indicate that stock exchange listing may require greater sophistication of the capital budgeting process. |
Palavras-Chave: |
Administração de empresas; Controle financeiro; Orçamento de capital. |
Categoria do assunto: |
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Marc: |
LEADER 01133naa a2200169 a 4500 001 2003602 005 2015-01-07 008 2014 bl uuuu u00u1 u #d 100 1 $aSILVA, W. M. da 245 $aStock exchange listing induces sophistication of capital budgeting. 260 $c2014 520 $aThis article compares capital budgeting techniques employed in listed and unlisted companies in Brazil. We surveyed the Chief Financial Officers (CFOs) of 398 listed companies and 300 large unlisted companies, and based on 91 respondents, the results suggest that the CFOs of listed companies tend to use less simplistic methods more often, for example: NPV and CAPM, and that CFOs of unlisted companies are less likely to estimate the cost of equity, despite being large companies. These findings indicate that stock exchange listing may require greater sophistication of the capital budgeting process. 653 $aAdministração de empresas 653 $aControle financeiro 653 $aOrçamento de capital 700 1 $aSAITO, R. 773 $tRevista de Administração de Empresas, São Paulo$gv. 54, n. 5, p. 560-574, set./out. 2014.
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Embrapa Unidades Centrais (AI-SEDE) |
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