... differences in their respective approaches. Keywords Discounted cash flow Discounts Dividend growth model Earnings before interest, tax, depreciation and amortisation Equity valuation Free cash flow Majority interest Minority interest Premiums 1 Introduction Internationally, there is a drive to ascertain how...

... value. © Emerald Group Publishing Limited 2005 Capital budgeting techniques Capital investment decision Discounted cash flow Discount rate Internal rate of return Net present value Payback period Reinvestment rate A review of the capital budgeting behaviour of large South African...