Factors of Capital Budget Adoption in SMEs and Their Economic Consequences: Questionnaire Survey in Kushiro and Nemuro Regions of Hokkaido

DOI

Bibliographic Information

Other Title
  • 中小企業における資本予算の採用要因とその経済的帰結―北海道釧路・根室地域における質問票調査―

Abstract

<p>The purpose of this study is to identify the factors that influence the adoption of capital budgeting in SMEs and their economic consequences. Specifically, we focus on the adoption of economic evaluation techniques and the management processes. I conducted a Structural Equation Modeling using the results of a questionnaire survey of 175 small and medium-sized enterprises (SMEs) in the Kushiro and Nemuro regions of Hokkaido. The three main results are as follows. First, we found that the intensity of competition in the market affects the management process. Second, the study showed that the emphasis on ex-post evaluation of investments positively affects performance. Third, we found that the adoption of DCF has a negative impact on performance.</p>

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Keywords

Details 詳細情報について

  • CRID
    1390014093904492544
  • DOI
    10.24747/jma.31.1_89
  • ISSN
    24340529
    09187863
  • Text Lang
    ja
  • Data Source
    • JaLC
  • Abstract License Flag
    Disallowed

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