The Use of Capital Budgeting Techniques as a Tool for Management Decisions: Evidence from Jordan

Investment decisions in the context of SMEs: A non-financial factor approach

“…used techniques (Kim, Lee, Park, & Waggle, 2021;Siziba & Hall, 2021). Literature review shows that larger organizations have more resources at their disposal and have more sophisticated capital budgeting techniques than smaller ones that are less likely to use the considered "best practices" (Batra & Verma, 2017;Chittenden & Derregia, 2015;Kim et al, 2021;Nawaiseh, Al-nawaiseh, Attar, & Al-nidawy, 2018;Tresierra-Tanaka & Vega-Acuña, 2019). Lack of time, non-information, or excessive confidence about having precise human capital without knowledge and skills conspire against small businesses to apply 'rules of thumb' in capital budgeting and the most convenient decision to accept or reject an investment project (Elgebeily et al, 2021;Jiang & Hu, 2021;Tresierra-Tanaka & Vega-Acuña, 2019).…”