The Association of Capital Budgeting Techniques with Firm Performance.
The Accounting Review
1973
The article discusses a study on the relation of a firm's performance to the sophistication of capital investment procedures and standards. The findings of the study did not indicate a consistent association between performance and capital budgeting techniques despite an increasing adoption of sophisticated capital budgeting methods. This states that the mere adoption of different analytical tools is not enough to being about superior performance. Moreover, factors such as marketing, product development, executive recruitment and training, and labor relations may have a greater impact on profitability.
- DOI
- 10.2308/tar-4497703
- Volume
- 48 (2)
- Pages
- 353-364
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref