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Financial performance implications of capital budgeting practices in the manufacturing sector
Dissertation (MBA)--University of Pretoria, 2012.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613531193475072 |
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| access_status_str | Open Access |
| author2 | Pieterse, Thea |
| author_browse | Pieterse, Thea |
| author_facet | Pieterse, Thea |
| collection | Thesis |
| dc_rights_str_mv | © 2013 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23257 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:37.672Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23257 Financial performance implications of capital budgeting practices in the manufacturing sector Pieterse, Thea ichelp@gibs.co.za Mgobhozi, Mzamo Rodney UCTD Sub-sector Capital budgeting State-owned enterprise (SOE) Capital intensiveness Maintenance Capital expenditure Dissertation (MBA)--University of Pretoria, 2012. Capital budgeting is one of the most crucial organisational tools for executing operational, business and corporate strategy. Manufacturing companies derive their profits from fixed assets that also deteriorate over time. This requires them to invest large amounts of capital to both maintain and expand their asset base. A number of studies both historic and recent produce conflicting results on the relationship between capital budgeting practices and financial performance.This study sets out to identify the current capital budgeting practices in the manufacturing/capital intensive companies operating in the South African environment, and determine the relationship between the financial performance and capital budgeting practices. The implications of the type of capital expenditure (i.e. maintenance and expansionary) are also discussed.The study was completed using primary and secondary data. Primary data consisted of capital budgeting practices data in some of the private and state-owned enterprises that was source using a survey questionnaire. The secondary data was sourced from financial statements on the McGregor BFA® database.The major finding of this research study was that, given the sufficient sub-sector analysis, there is a positive relationship between capital budgeting practices and financial performance. There were no specific individual practices that yielded significantly returns. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T14:49:38Z 2013-04-30 2013-09-06T14:49:38Z 2013-04-25 2012 2013-03-16 Dissertation Mgobhozi, MR 2012, Financial performance implications of capital budgeting practices in the manufacturing sector, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23257 > F13/4/356/zw http://hdl.handle.net/2263/23257 http://upetd.up.ac.za/thesis/available/etd-03162013-092854/ © 2013 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Sub-sector Capital budgeting State-owned enterprise (SOE) Capital intensiveness Maintenance Capital expenditure Financial performance implications of capital budgeting practices in the manufacturing sector |
| title | Financial performance implications of capital budgeting practices in the manufacturing sector |
| title_full | Financial performance implications of capital budgeting practices in the manufacturing sector |
| title_fullStr | Financial performance implications of capital budgeting practices in the manufacturing sector |
| title_full_unstemmed | Financial performance implications of capital budgeting practices in the manufacturing sector |
| title_short | Financial performance implications of capital budgeting practices in the manufacturing sector |
| title_sort | financial performance implications of capital budgeting practices in the manufacturing sector |
| topic | UCTD Sub-sector Capital budgeting State-owned enterprise (SOE) Capital intensiveness Maintenance Capital expenditure |
| url | http://hdl.handle.net/2263/23257 http://upetd.up.ac.za/thesis/available/etd-03162013-092854/ |