Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan.

This study examines the capital investment decision making under uncertainty since the application of investment appraisal practices trends towards increasing greater superiority with the performing of multiple tools and procedures in the current investment markets which are evolving within an incre...

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Main Author: Kengatharan, Lingesiya
Format: Article
Language:English
Published: Accounting Research Institute and UiTM Press, Universiti Teknologi MARA 2017
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/29869/1/29869.pdf
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author Kengatharan, Lingesiya
author_facet Kengatharan, Lingesiya
author_sort Kengatharan, Lingesiya
collection UITM
description This study examines the capital investment decision making under uncertainty since the application of investment appraisal practices trends towards increasing greater superiority with the performing of multiple tools and procedures in the current investment markets which are evolving within an increasingly volatile and intertwined with global network, investments are strongly exposed to uncertainties. Therefore, this study focused on investment decision making under uncertainty of emerging market economy of 186 Sri Lankan companies. A comprehensive primary survey was conducted to collect data and exploratory factor analysis had been performed to identify the uncertainty factors. The hierarchical multiple regression analysis was performed to investigate the impact of uncertainty on the application of capital budgeting practices in investment decision making. The results of the study revealed that an increase in financial uncertainty was associated with the application of net present value (NPV) based advanced capital budgeting and sophisticated capital budgeting practices and the size of the company was also related to the application of NPV based and sophisticated capital budgeting practices.
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spelling uitm.eprints-98692020-04-09T15:20:24Z https://ir.uitm.edu.my/id/eprint/29869/ Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan. apmaj Kengatharan, Lingesiya Data envelopment analysis Capital. Capitalism Investment, capital formation, speculation This study examines the capital investment decision making under uncertainty since the application of investment appraisal practices trends towards increasing greater superiority with the performing of multiple tools and procedures in the current investment markets which are evolving within an increasingly volatile and intertwined with global network, investments are strongly exposed to uncertainties. Therefore, this study focused on investment decision making under uncertainty of emerging market economy of 186 Sri Lankan companies. A comprehensive primary survey was conducted to collect data and exploratory factor analysis had been performed to identify the uncertainty factors. The hierarchical multiple regression analysis was performed to investigate the impact of uncertainty on the application of capital budgeting practices in investment decision making. The results of the study revealed that an increase in financial uncertainty was associated with the application of net present value (NPV) based advanced capital budgeting and sophisticated capital budgeting practices and the size of the company was also related to the application of NPV based and sophisticated capital budgeting practices. Accounting Research Institute and UiTM Press, Universiti Teknologi MARA 2017-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/29869/1/29869.pdf Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan. (2017) Asia-Pacific Management Accounting Journal (APMAJ) <https://ir.uitm.edu.my/view/publication/Asia-Pacific_Management_Accounting_Journal_=28APMAJ=29/>, 12 (2). pp. 51-77. ISSN 2550-1631
spellingShingle Data envelopment analysis
Capital. Capitalism
Investment, capital formation, speculation
Kengatharan, Lingesiya
Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan.
title Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan.
title_full Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan.
title_fullStr Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan.
title_full_unstemmed Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan.
title_short Capital investment decision making under uncertainty: perspectives of an emerging economy / Lingesiya Kengatharan.
title_sort capital investment decision making under uncertainty perspectives of an emerging economy lingesiya kengatharan
topic Data envelopment analysis
Capital. Capitalism
Investment, capital formation, speculation
url https://ir.uitm.edu.my/id/eprint/29869/1/29869.pdf
work_keys_str_mv AT kengatharanlingesiya capitalinvestmentdecisionmakingunderuncertaintyperspectivesofanemergingeconomylingesiyakengatharan