Titlebook: Capital Budgeting Under Conditions of Uncertainty; Roy L. Crum,Frans G. J. Derkinderen Book 1981 Martinus Nijhoff Publishing 1981 Budget.B

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The Influence of Increased Environmental Turbulence on Corporate Investment and Financial Planninged groups of companies (both expressions are used here); second, the rapid changes of the conditions for corporate investment and the financial planning processes; and third, the general results from financial research and debates during the sixties and seventies.

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Book 1981 unpre­ dictable ways. Such things as high interest and inflation rates, fluctuating ex­ change rates, volatile commodity markets, and increasing political turmoil have led to a situation in which explicit consideration of environmental dynamics is becoming much more important for successful busines

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0924-4980 and often unpre­ dictable ways. Such things as high interest and inflation rates, fluctuating ex­ change rates, volatile commodity markets, and increasing political turmoil have led to a situation in which explicit consideration of environmental dynamics is becoming much more important for successf

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0924-4980 r­ kets and technology was taken for granted, the uncertainties associated with increased worldwide competition, as well as with other exogenous factors, have v978-94-011-7410-7978-94-011-7408-4Series ISSN 0924-4980

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https://doi.org/10.1007/978-1-4612-5754-7ations. Evidence gathered regularly in the United States [2, 4] and Europe [6] indicates an increasing acceptance by executives of the techniques usually described in the textbooks and explained in business school classrooms.

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