This paper examines the impact of risk and uncertainty on the the capital budgeting process in the modern business environment. The turbulent business surroundings, as well as the rapid technological, informational, and societal progress and scientific development add to the complexity of...

The paper examines capital budgeting process and techniques of risk analysis in the process of selecting optimal project. Corporate manager in process of capital budgeting uses numerous techniques some of them are based on intuition and experience of manager, and some of them are analytic based...

Lack of capital market development cause that calculating the value of companies in the small markets, such as the Croatian market, is carried out primarily from the analysis of financial statements. Lack of market development is evident from the unrealistic and unobjective corporate values, as...