The study looked at how Canadian companies make financial decisions, like choosing investments and estimating costs. Canadian firms prefer using net present value to decide on projects, unlike their U.S. and European counterparts who use the capital asset pricing model more. Canadian managers rely more on their judgment than on specific models for risk assessment and forecasting cash flows. When it comes to how companies finance their operations, the results support the idea that they balance different factors rather than following a strict order. The size of a company and the education level of its CEO can affect how they make financial choices.