Process of capital fund allocation in capital intensive firms | |
| Author | Worata Kongseanitsara |
| Call Number | AIT Diss. no. DBA-SOM-10-01 |
| Subject(s) | Capital investments Business enterprises Capital investments Business enterprises |
| Note | A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Business Administration |
| Publisher | Asian Institute of Technology |
| Abstract | The capital budgeting decision is generally accepted as critical for the success or failure of the firms because the size of capital budgets is usually so immense that it has impact on the liquidity and financial status of the firms and it requires long term commitment of the firms. Thus, the capital budgeting decisions influence competitiveness and valuations of the firms. In addition, it is very difficult to cancel out or terminate the already-implemented capital investment projects. Although the aforementioned significance of the capital budgeting decisions is very considerable, the study of the whole capital budgeting process of the firms in Thailand, according to the knowledge of the researcher, has never been intensively done before. Most previous studies paid more attention to project evaluation techniques which are just a part of the capital budgeting process. Therefore, the researcher was motivated to study and explore the whole practical process of the capital budgeting in the capital intensive business firms in Thailand, its linkage with the firms’ strategy, role of existing financial and other procedures in the process and other factors which might have impact upon the process. The researcher used and applied the case study methodology to explore and understand the capital budgeting process of three local firms in the capital intensive industries in Thailand: Bangkok Airways Limited, Supalai Public Company Limited, and Electricity Generating Authority of Thailand (EGAT). They are in the aviation business, the real estate business and the energy (electricity power generation) business respectively. At the end of the research, the researcher has also proposed conceptual model as to how the business planning and capital budgeting process should be constructed and aligned. The researcher hopes that this study will be a foundation work for future researches to be conducted until the conceptualization of theory can be found and established so that the theoretical framework for the capital budgeting process of local firms in Thailand can be settled in general terms. |
| Year | 2010 |
| Type | Dissertation |
| School | School of Management |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Doctor of Philosophy in Business Administration (Publication code = DBA-SM, SM) |
| Chairperson(s) | Pandey, I. M. |
| Examination Committee(s) | Padmaker Annachhatre, Ajit;Do, Ba Khang;Sununta Siengthai |
| Degree | Thesis (Ph.D.) - Asian Institute of Technology, 2010 |