Stock Exchange Listing Induces Sophistication of Capital Budgeting

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In the article “Stock Exchange Listing Induces Sophistication of Capital Budgeting,” techniques for capital budgeting were compared of companies in Brazil, including both listed and unlisted. These techniques used by financial managers are essential in determining the success of a project that could result in maximizing of the value of shareholder. It has been shown that employing a more sophisticated capital budgeting method has become widespread due to several factors. These include the development of financial markets that lead to the use of methods that are relevant and efficient, the increasing number of trainings for Chief Financial Officers (CFO...