Aspects of capital budgeting decision-making process of emerging markets transnational corporations

Abstract

Considers present-day aspects of capital budgeting decision-making in investment projects by transnational corporations (TNCs) in emerging markets. Discusses peculiarities of cash flows of TNC mother and project companies which influence the decision-making in project investment. A number of effective valuation techniques for multicurrency projects has been proposed, taking into account adjustments for various factors.

Keywords

• ТНК
• развивающиеся страны
• принятие инвестиционных решений
• оценка эффективности
• мультивалютные проекты
• скорректированная приведенная стоимость