{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,12,15]],"date-time":"2025-12-15T14:04:08Z","timestamp":1765807448743,"version":"3.41.2"},"reference-count":57,"publisher":"Emerald","issue":"3","license":[{"start":{"date-parts":[[2017,8,7]],"date-time":"2017-08-07T00:00:00Z","timestamp":1502064000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["QRAM"],"published-print":{"date-parts":[[2017,8,7]]},"abstract":"<jats:sec><jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title><jats:p>To analyze capital budgeting practice in a group of small cotton ginning firms in Brazil. The study aims at describing how investment decision-making in the agribusiness context may be influenced by heuristics and by the business setting.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title><jats:p>This research adopted an exploratory and qualitative approach in gauging the practice of capital budgeting in Brazilian cotton ginning firms and discussing actual managerial decision-making. Data collection involved interviews with managers of ten different firms and a further content analysis was performed.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Findings<\/jats:title><jats:p>Results reveal a practical managerial approach aimed at ensuring satisfactory net operating results in the short run. Sophistication in capital budgeting is not considered as essential, as institutional and strategic environment influences directly affect impose high risks. Investment decision-making is highly influenced by managerial experience.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Research limitations\/implications<\/jats:title><jats:p>Because of the chosen research approach, results may lack generalizability. However, in addressing a specific sector in a specific location, one can identify and craft strategies in response to managerial needs more effectively.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Practical implications<\/jats:title><jats:p>The paper clarifies how heuristics, managerial experience and the institutional context may influence investment decision-making in cotton ginning operations. It also suggests how actions aimed at evaluating risk and improving the screening of investment perspectives could contribute to improve investment decisions.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title><jats:p>The paper provides an in-depth perspective in addressing the practice of capital budgeting in the context of a specific activity and describing key issues related to it.<\/jats:p><\/jats:sec>","DOI":"10.1108\/qram-07-2016-0055","type":"journal-article","created":{"date-parts":[[2017,6,23]],"date-time":"2017-06-23T06:57:13Z","timestamp":1498201033000},"page":"210-229","source":"Crossref","is-referenced-by-count":7,"title":["A qualitative analysis of capital budgeting in cotton ginning plants"],"prefix":"10.1108","volume":"14","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-8780-3671","authenticated-orcid":false,"given":"Afonso Carneiro","family":"Lima","sequence":"first","affiliation":[]},{"given":"Jos\u00e9 Augusto Giesbrecht","family":"da Silveira","sequence":"additional","affiliation":[]},{"given":"F\u00e1tima Regina Ney","family":"Matos","sequence":"additional","affiliation":[]},{"given":"Andr\u00e9 Moura","family":"Xavier","sequence":"additional","affiliation":[]}],"member":"140","reference":[{"issue":"1","key":"key2020120613091782000_ref002","doi-asserted-by":"crossref","first-page":"74","DOI":"10.5465\/amr.2004.11851715","article-title":"What is not a real option: considering boundaries for the application of real options to business strategy","volume":"29","year":"2004","journal-title":"Academy of Management Review"},{"issue":"6","key":"key2020120613091782000_ref004","doi-asserted-by":"crossref","first-page":"607","DOI":"10.1590\/S1415-43662011000600011","article-title":"Desenvolvimento e avalia\u00e7\u00e3o de descaro\u00e7ador para o beneficiamento do algod\u00e3o","volume":"15","year":"2011","journal-title":"Revista Brasileira de Engenharia Agr\u00edcola e Ambiental"},{"year":"1997","article-title":"Competitividade e produtividade das algodoeiras e das fia\u00e7\u00f5es no sul-sudeste do Brasil","key":"key2020120613091782000_ref005"},{"issue":"4","key":"key2020120613091782000_ref006","doi-asserted-by":"crossref","first-page":"289","DOI":"10.1080\/00137919708903184","article-title":"Capital budgeting techniques used by small business firms in the 1990s","volume":"42","year":"1997","journal-title":"The Engineering Economist"},{"issue":"1","key":"key2020120613091782000_ref007","doi-asserted-by":"crossref","first-page":"55","DOI":"10.1080\/00137910590916676","article-title":"Are there differences in capital budgeting procedures between industries? 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