Puzzling out the choice of capital budgeting techniques : Among high-growth small and medium sized firms
The aim of this dissertation is to explore the drivers of practitioners’ choices of capital budgeting techniques (CBT). The mainstream literature suggests that sophisticated CBT (SCBT) will best guide organizations in evaluating important strategic investments. Small and medium-size enterprises (SMEs) choose to go against that “wisdom” and choose non-sophisticated CBT (NSCBT).Instead of following The aim of this dissertation is to explore the drivers of practitioners’ choices of capital budgeting techniques (CBT). The mainstream literature suggests that sophisticated CBT (SCBT) will best guide organizations in evaluating important strategic investments. Small and medium-size enterprises (SMEs) choose to go against that “wisdom” and choose non-sophisticated CBT (NSCBT). Instead of following