Bericht
Corporate capital budgeting: Success factors from a behavioral perspective
Capital budgeting or investment decisions have an essential influence on companies' performance. Instead of a rational choice, capital budgeting might be regarded as a process of reality construction. Research suggests that decision makers have only limited control over their own cognitive biases in this construction process. It is in this perspective that this paper intends to answer the following research question: What are behavioral determinants for a successful capital-budgeting decision process? The authors identify and discuss three behavioral success factors (reflective prudence, critical communication and outcome independence) for five stages of the capital budgeting process against the backdrop of the findings of the managerial and organizational cognition theory and cognitive psychology.
- Language
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Englisch
- Bibliographic citation
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Series: Beiträge zur Controlling-Forschung ; No. 21
- Classification
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Management
- Subject
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Investitionsrechnung
Verhaltensökonomik
Kognition
Erkenntnistheorie
Organisationale Entscheidung
- Event
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Geistige Schöpfung
- (who)
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Schönbohm, Avo
Zahn, Anastasia
- Event
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Veröffentlichung
- (who)
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Technische Universität Kaiserslautern, Lehrstuhl für Unternehmensrechnung und Controlling
- (where)
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Kaiserslautern
- (when)
-
2012
- Handle
- Last update
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10.03.2025, 11:46 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Schönbohm, Avo
- Zahn, Anastasia
- Technische Universität Kaiserslautern, Lehrstuhl für Unternehmensrechnung und Controlling
Time of origin
- 2012
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Eco efficiency in corporate budgeting
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Capital budgeting practices in Spain
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Capital Budgeting in Arbitrage-Free Markets
Corporate perception on capital markets : non financial success factors in capital market communication
Capital budgeting with financial plans : an introduction
Capital budgeting under uncertainty: An empirical study