期刊名称:Australasian Accounting, Business and Finance Journal
印刷版ISSN:1834-2000
电子版ISSN:1834-2019
出版年度:2017
卷号:11
期号:2
页码:43-60
出版社:University of Wollongong
摘要:We examine how national culture impacts organisational selection of capital budgeting systems to develop our understanding of what influence a holistic formulation of national culture has on capital budgeting systems. Such an understanding is important as it would not only provide a clearer link between national culture and capital budgeting systems and advance extant literature but would also help multinational firms that have business relationships with Indonesian firms in suitably designing strategies. We conducted semi-structured interviews of selected finance managers of listed firms in Indonesia and Australia. Consistent with the contingency theory, we found that economic, political, legal and social uncertainty impact on the use of capital budgeting systems. The levels of uncertainty were higher in Indonesia than Australia and need to be reckoned in the selection of capital budgeting systems used by firms. We also found that firms are influenced by project size and complexity, when selecting capital budgeting systems.
关键词:Capital budgeting systems; National culture; Indonesia; Australia.