Organizational Capital Budgeting Model (Ocbm)

by Kang, Hyoung Goo

Abstract (Summary)

Organizational Capital Budgeting Model (OCBM) is a general theory of capital budgeting that incorporates traditional capital budgeting theories and the consideration about firm's information/ organization structure. The traditional financial capital budgeting model is a special case of OCBM. Therefore, OCBM not only broadens the traditional model, but also explains the heterogeneous behaviors of firms using quasi/non-financial version of capital budgeting. I demonstrate the validity of OCBM with multiple research methods. The field studies about Asian conglomerates are carefully constructed. The conglomerates are important dataset to study organizational decision making because of their size, scope, controversial behaviors and global presence.

Bibliographical Information:

Advisor:Burton, Richard M; Viswanathan, Vish

School:Duke University

School Location:USA - North Carolina

Source Type:Master's Thesis

Keywords:business administration general economics finance management a behavioral theory of the firm capital budgeting controversy internal market organization uncertainty


Date of Publication:01/01/2009

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