... in finance. Capital budgeting studies have considered mostly frameworks in which production might shift from place to place inside a business organization, as a function of the evolution of the real exchange rates between different economies (see, e.g. De‐Meza and van der Ploeg, 1987 ; Capel, 1992 ; Kogut...

...Sung C. Bae; Bell J.C. Park; Tracy Wagner Purpose To develop a more effective, long‐term‐oriented capital asset management process for capital project evaluation Design/methodology/approach Relying on a cash study format, the weaknesses of the traditional capital budgeting process are examined...