1342_IM_Word_docsM19_EITE1342_12E_IM_C19课件.docVIP

Chapter 19Multinational Capital Budgeting (Questions 19-1. Capital Budgeting Theoretical Framework. Capital budgeting for a foreign project uses the same theoretical framework as domestic capital budgeting. What are the basic steps in domestic capital budgeting? Multinational capital budgeting, like traditional domestic capital budgeting, focuses on the cash inflows and outflows associated with prospective long-term investment projects. Multinational capital budgeting techniques are used in traditional FDI analysis, such as the construction of a manufacturing plant in another country, as wel