Budget Amount *help |
¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000)
Fiscal Year 2014: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2013: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2012: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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Outline of Final Research Achievements |
This study aims to clarify the uniqueness of economic evaluation and the characteristics of capital budgeting processes in Japan. The results are as follows: First, the study presents evidence for a positive correlation between a firm’s performance and the combined use of sophisticated capital budgeting techniques and its ex-post follow-up. Second, the study confirms the characteristic differences between normal net present value and unique net present value using finite prediction periods. Third, the study provides a case study of IT investment, which is consistent with business strategy and corporate philosophy, and indicates a system to measure the economic effects of IT investment.
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