Capital budgeting techniques in SMEs: a literature review

Forskningsoutput: TidskriftsbidragArtikelPeer review


This paper provides a systematic literature review of research in the field of capital budgeting techniques (CBT) among small- and medium- sized firms. In total, 26 studies published between 1964 and 2017 were reviewed. It covers three areas: the type of CBT that have been used across sizes and locations; determinants associated with the choice of CBT; and the methods and analysis techniques used in previous studies. SWOT analysis was done to systematise the findings and to identify the shortcoming and strengths in existing literature. For each area, potential areas of research to further the field are suggested.

Sidor (från-till)97-114
Antal sidor17
TidskriftJournal of Accounting and Finance
StatusPublicerad - 2019

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