{"id":"https://openalex.org/W4200327172","doi":"https://doi.org/10.1108/qrfm-11-2020-0224","title":"Capital budgeting practices and political risk: evidence from Lebanon","display_name":"Capital budgeting practices and political risk: evidence from Lebanon","publication_year":2021,"publication_date":"2021-12-08","ids":{"openalex":"https://openalex.org/W4200327172","doi":"https://doi.org/10.1108/qrfm-11-2020-0224"},"language":"en","primary_location":{"id":"doi:10.1108/qrfm-11-2020-0224","doi":"https://doi.org/10.1108/qrfm-11-2020-0224","is_oa":false,"landing_page_url":"https://doi.org/10.1108/qrfm-11-2020-0224","pdf_url":null,"source":{"id":"https://openalex.org/S32948690","display_name":"Qualitative Research in Financial Markets","issn_l":"1755-4179","issn":["1755-4179","1755-4187"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Qualitative Research in Financial Markets","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://discovery.dundee.ac.uk/ws/files/70046812/QRFM_11_2020_0224.R2.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5080798712","display_name":"Ahmed Bakri","orcid":"https://orcid.org/0000-0003-4232-9683","observed_orcids":["https://orcid.org/0000-0003-4232-9683"]},"institutions":[{"id":"https://openalex.org/I894721429","display_name":"EAE Business School","ror":"https://ror.org/03qzktr95","country_code":"ES","type":"education","lineage":["https://openalex.org/I894721429"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Ahmed Bakri","raw_affiliation_strings":["EAE Business School, Madrid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"EAE Business School, Madrid, Spain","institution_ids":["https://openalex.org/I894721429"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5057964993","display_name":"Suzanne G. M. Fifield","orcid":"https://orcid.org/0000-0002-3299-5239","observed_orcids":["https://orcid.org/0000-0002-3299-5239"]},"institutions":[{"id":"https://openalex.org/I177639307","display_name":"University of Dundee","ror":"https://ror.org/03h2bxq36","country_code":"GB","type":"education","lineage":["https://openalex.org/I177639307"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Suzanne G.M. Fifield","raw_affiliation_strings":["Department of Accounting and Finance, University of Dundee, Dundee, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, University of Dundee, Dundee, UK","institution_ids":["https://openalex.org/I177639307"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5087376668","display_name":"David Power","orcid":"https://orcid.org/0000-0002-3658-4744","observed_orcids":["https://orcid.org/0000-0002-3658-4744"]},"institutions":[{"id":"https://openalex.org/I177639307","display_name":"University of Dundee","ror":"https://ror.org/03h2bxq36","country_code":"GB","type":"education","lineage":["https://openalex.org/I177639307"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"David M. Power","raw_affiliation_strings":["Department of Accounting and Finance, University of Dundee, Dundee, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, University of Dundee, Dundee, UK","institution_ids":["https://openalex.org/I177639307"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.7848,"has_fulltext":true,"cited_by_count":9,"citation_normalized_percentile":{"value":0.73815259,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"14","issue":"3","first_page":"483","last_page":"504"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-budgeting","display_name":"capital budgeting","score":0.9959999918937683},{"id":"https://openalex.org/keywords/political-risk","display_name":"political risk","score":0.9909999966621399},{"id":"https://openalex.org/keywords/discounted-cash-flow","display_name":"discounted cash flow","score":0.8519999980926514},{"id":"https://openalex.org/keywords/payback-period","display_name":"payback period","score":0.9869999885559082},{"id":"https://openalex.org/keywords/sensitivity-analysis","display_name":"sensitivity analysis","score":0.875},{"id":"https://openalex.org/keywords/scenario-analysis","display_name":"scenario analysis","score":0.9990000128746033},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.7289999723434448},{"id":"https://openalex.org/keywords/lebanon","display_name":"Lebanon","score":0.3840000033378601},{"id":"https://openalex.org/keywords/corporate-investment-decisions","display_name":"corporate investment decisions","score":0.5509999990463257}],"concepts":[{"id":"https://openalex.org/C57918260","wikidata":"https://www.wikidata.org/wiki/Q1354666","display_name":"Capital budgeting","level":3,"score":0.8984051942825317},{"id":"https://openalex.org/C63143784","wikidata":"https://www.wikidata.org/wiki/Q7885121","display_name":"Political risk","level":3,"score":0.7064343690872192},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5661473870277405},{"id":"https://openalex.org/C57495647","wikidata":"https://www.wikidata.org/wiki/Q295385","display_name":"Economic capital","level":3,"score":0.5615475177764893},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5464218854904175},{"id":"https://openalex.org/C172497479","wikidata":"https://www.wikidata.org/wiki/Q302208","display_name":"Capital expenditure","level":2,"score":0.5448179244995117},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.5343261361122131},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5210715532302856},{"id":"https://openalex.org/C74734477","wikidata":"https://www.wikidata.org/wiki/Q1479274","display_name":"Cost of capital","level":3,"score":0.4951397478580475},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4707005023956299},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.4589453935623169},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.4550148546695709},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.440790593624115},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4166019558906555},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.34588703513145447},{"id":"https://openalex.org/C21425071","wikidata":"https://www.wikidata.org/wiki/Q7249389","display_name":"Project appraisal","level":2,"score":0.26877084374427795},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.19877111911773682},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.16758835315704346},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.14211592078208923},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.09967255592346191},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/qrfm-11-2020-0224","doi":"https://doi.org/10.1108/qrfm-11-2020-0224","is_oa":false,"landing_page_url":"https://doi.org/10.1108/qrfm-11-2020-0224","pdf_url":null,"source":{"id":"https://openalex.org/S32948690","display_name":"Qualitative Research in Financial Markets","issn_l":"1755-4179","issn":["1755-4179","1755-4187"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Qualitative Research in Financial Markets","raw_type":"journal-article"},{"id":"pmh:oai:discovery.dundee.ac.uk:openaire/9492b875-d7d5-42a1-bffa-f7c2bdb04f97","doi":null,"is_oa":true,"landing_page_url":"https://discovery.dundee.ac.uk/en/publications/9492b875-d7d5-42a1-bffa-f7c2bdb04f97","pdf_url":"https://discovery.dundee.ac.uk/ws/files/70046812/QRFM_11_2020_0224.R2.pdf","source":{"id":"https://openalex.org/S4306400523","display_name":"Discovery Research Portal (University of Dundee)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I177639307","host_organization_name":"University of Dundee","host_organization_lineage":["https://openalex.org/I177639307"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Bakri, A, Fifield, S & Power, D 2022, 'Capital Budgeting Practices and Political Risk : Evidence from Lebanon', Qualitative Research in Financial Markets, vol. 14, no. 3, pp. 483-504. https://doi.org/10.1108/QRFM-11-2020-0224","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:eme:qrfmpp:qrfm-11-2020-0224","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/QRFM-11-2020-0224/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:discovery.dundee.ac.uk:openaire/9492b875-d7d5-42a1-bffa-f7c2bdb04f97","doi":null,"is_oa":true,"landing_page_url":"https://discovery.dundee.ac.uk/en/publications/9492b875-d7d5-42a1-bffa-f7c2bdb04f97","pdf_url":"https://discovery.dundee.ac.uk/ws/files/70046812/QRFM_11_2020_0224.R2.pdf","source":{"id":"https://openalex.org/S4306400523","display_name":"Discovery Research Portal (University of Dundee)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I177639307","host_organization_name":"University of Dundee","host_organization_lineage":["https://openalex.org/I177639307"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Bakri, A, Fifield, S & Power, D 2022, 'Capital Budgeting Practices and Political Risk : Evidence from Lebanon', Qualitative Research in Financial Markets, vol. 14, no. 3, pp. 483-504. https://doi.org/10.1108/QRFM-11-2020-0224","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4200327172.pdf","grobid_xml":"https://content.openalex.org/works/W4200327172.grobid-xml"},"referenced_works_count":37,"referenced_works":["https://openalex.org/W15631543","https://openalex.org/W146749505","https://openalex.org/W787057775","https://openalex.org/W1547077605","https://openalex.org/W1576581271","https://openalex.org/W1907070648","https://openalex.org/W1977956554","https://openalex.org/W1978883053","https://openalex.org/W1980821763","https://openalex.org/W1983786772","https://openalex.org/W1996518112","https://openalex.org/W1999659602","https://openalex.org/W2009858062","https://openalex.org/W2021265652","https://openalex.org/W2042613097","https://openalex.org/W2050664916","https://openalex.org/W2066297874","https://openalex.org/W2067666068","https://openalex.org/W2069481516","https://openalex.org/W2076965758","https://openalex.org/W2124980384","https://openalex.org/W2134489249","https://openalex.org/W2171883606","https://openalex.org/W2411020074","https://openalex.org/W2471375038","https://openalex.org/W2518020293","https://openalex.org/W2595831175","https://openalex.org/W2750461460","https://openalex.org/W2792497779","https://openalex.org/W2889647380","https://openalex.org/W2897632395","https://openalex.org/W3123142049","https://openalex.org/W3124089696","https://openalex.org/W3125264178","https://openalex.org/W3125750279","https://openalex.org/W3125988780","https://openalex.org/W4214538790"],"related_works":["https://openalex.org/W4414946867","https://openalex.org/W3125750279","https://openalex.org/W4390034012","https://openalex.org/W4388527086","https://openalex.org/W2090519818","https://openalex.org/W2921032253","https://openalex.org/W7008566671","https://openalex.org/W3037421522","https://openalex.org/W4206897384","https://openalex.org/W7217018310"],"abstract_inverted_index":{"Purpose":[0],"This":[1,37],"paper":[2,38,122],"aims":[3],"to":[4,43,70,97,154,192,196,204],"examine":[5],"how":[6],"capital":[7,33,46,114,129,156,175,206],"investment":[8,77,130,197],"projects":[9],"are":[10,82,137],"appraised":[11],"in":[12,52,112,139,161],"Lebanon;":[13],"whether":[14,125],"the":[15,26,32,45,89,113,126,140,159,162,165,177],"risk":[16,30,99,107,186],"is":[17,55,149,179],"incorporated":[18],"into":[19],"this":[20],"process":[21],"by":[22,59,181,209],"Lebanese":[23,67,118],"firms":[24],"and":[25,102,199],"impact":[27],"of":[28,49,63,76,117,128,142,164,184],"political":[29,64,106,185],"on":[31,124,174],"budgeting":[34,47,115,157,207],"process.":[35],"Design/methodology/approach":[36],"uses":[39],"a":[40,56,60],"questionnaire":[41],"survey":[42],"investigate":[44],"practices":[48],"companies":[50,68],"located":[51],"Lebanon,":[53],"which":[54,187],"country":[57,163,178],"characterised":[58,180],"high":[61,182],"level":[62],"risk.":[65],"Findings":[66],"tend":[69],"use":[71,193],"more":[72],"than":[73],"one":[74],"method":[75],"appraisal":[78,131,198],"and,":[79],"increasingly,":[80],"they":[81],"using":[83],"sophisticated":[84],"discounted":[85],"cashflow":[86],"techniques":[87],"alongside":[88],"payback":[90],"period.":[91],"The":[92,121],"most":[93],"widely":[94],"used":[95,132,138],"methods":[96,127],"evaluate":[98],"include":[100],"scenario":[101],"sensitivity":[103],"analysis.":[104],"Finally,":[105],"plays":[108],"an":[109,143,150,202],"important":[110],"role":[111],"processes":[116],"companies.":[119],"Originality/value":[120],"reports":[123],"throughout":[133],"advanced":[134],"Western":[135],"economies":[136],"context":[141],"emerging":[144],"economy.":[145],"In":[146],"addition,":[147],"Lebanon":[148],"ideal":[151],"research":[152],"site":[153],"study":[155,205],"as":[158],"conflicts":[160],"past":[166],"50":[167],"years":[168],"have":[169],"required":[170],"sizeable":[171],"new":[172],"expenditure":[173],"projects;":[176],"levels":[183],"may":[188],"lead":[189],"corporate":[190],"managers":[191],"different":[194],"approaches":[195],"it":[200],"provides":[201],"opportunity":[203],"decisions":[208],"private,":[210],"unlisted":[211],"firms.":[212]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2021-12-31T00:00:00"}