Özet:

Foreign direct investment presents considerable opportunities that contribute to firm value maximization objective for multinational companies The determination of whether a foreign direct investment increases firm value supplies the most vital data in taking an investment decision Taking the right investment decision depends on the usage of accurate capital budgeting technique The foreign direct investments need to be evaluated by a flexible and advanced capital budgeting technique that considers all the aspects of the difference between foreign investments and domestic investments This study tries to explain firstly why the net present value technique one of the mostly utilized conventional capital budgeting analysis methods is not appropriate for the foreign direct investments Secondly the APV tehcnique an alternative technique used in the analysis of foreign direct investment analysis is explained by using a hypothetical case Key words:Direct Foreign Investment international capital budgeting adjusted present value APV

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