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Managerial discretion and the choice of capital budgeting techniques
School of Economics and Management, Lund University, Lund, Sweden.
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, Media, Management and Transformation Centre (MMTC).ORCID iD: 0000-0002-8938-2150
2022 (English)In: International Journal of Managerial and Financial Accounting, ISSN 1753-6715, E-ISSN 1753-6723, Vol. 14, no 3, p. 197-216Article in journal (Refereed) Published
Abstract [en]

The purpose of this study is to apply Hambrick and Finkelsteins (1987) framework of managerial discretion to the field of Capital budgeting techniques (CBT). This study uses a qualitative method based on semi-structured interviews with 12 CFOs in Swedish high-growth small and medium-sized firms (SMEs). The findings indicate that the choice of CBTs is largely enabled by individual forces and mainly disabled by environmental and organisational forces. The study contributes with managerial implications discussing how the choice of CBT is beneficial for communication, negotiating for resources, and maintaining good relationships with stakeholders. Being aware of how to use the choice of CBT as a communication tool could give firms a competitive advantage.

Place, publisher, year, edition, pages
InderScience Publishers, 2022. Vol. 14, no 3, p. 197-216
Keywords [en]
Capital budgeting techniques; Theory-practice gap; Managerial discretion; Qualitative method; First North
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-55463DOI: 10.1504/IJMFA.2022.123870ISI: 000820773200001Scopus ID: 2-s2.0-85133720839OAI: oai:DiVA.org:hj-55463DiVA, id: diva2:1625110
Available from: 2022-01-05 Created: 2022-01-05 Last updated: 2022-07-26Bibliographically approved

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Uman, Timur

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  • apa
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  • Other style
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  • de-DE
  • en-GB
  • en-US
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Output format
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