International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1587
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Assoc. Prof. Dr. Sıtkı Sönmezer
Session : 4B Mikroekonomi
Evaluation of Investment Projects: A Case from Turkish Cement Sector
Yatırım Projelerinin Değerlendirilmesi: Türk Çimento Sektöründen Bir Örnek
- Miyase Karabulut (Türk Hava Yolları, Türkiye)
- Assoc. Prof. Dr. Sıtkı Sönmezer (Istanbul Commerce University, Türkiye)
- Asst. Prof. Dr. Vedat Zeki Yenen (Istanbul Beykent University, Türkiye)
- Zeynep Emir (Istanbul Beykent University, Türkiye)
Abstract
Capital budgeting is crucial for firms that have projects to evaluate especially when the projects are mutually exclusive or financing is scarce. The aim of the study is to determining the most widely used methodologies in capital budgeting decisions and their effectiveness. A qualitative research will provide cement sector specific examples in assessing industry projects and compares the methods of Net Present Value, İnternal rate of Return, Pay-back period, discounted pay-back period and MIRR. Each method is briefly discussed and its drawbacks and advantages are mentioned in detail. Other sectors are also examined in terms of capital budgeting. Our preliminary results indicate that net present value method dominates capital budgeting decisions in the sectors under study.
JEL codes: A11
Karabulut, Miyase, Sönmezer, Sıtkı, Yenen, Vedat Zeki, Emir, Zeynep (2016). "Evaluation of Investment Projects: A Case from Turkish Cement Sector" in Proceedings of International Conference of Eurasian Economies 2016, pp.273-277, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01587
