0136091008_PPTsM19_Eiteman0136091008_12_MBF_C19课件.pptVIP

Chapter 19 Multinational Capital Budgeting Multinational Capital Budgeting Although the original decision to undertake an investment in a particular foreign country may be determined by a mix of strategic, behavioral, and economic decisions – as well as reinvestment decisions – it should be justified by traditional financial analysis. 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 Capital budgeting for a foreign project uses the same