Volume : 11, Issue : 6, JUN 2025
IMPACT OF CAPITAL BUDGETING AND INVESTMENT APPRAISAL IN MANUFACTURING BUSINESS EXPANSION
JASAMENE KAUR AHLUWALIA, DR. SWATI CHOUDHARY
Abstract
Capital budgeting and investment appraisal are critical tools for evaluating long-term investment decisions. In the manufacturing sector, expansion decisions involve significant capital outlay, and improper evaluation can result in financial strain and inefficiencies. This research paper investigates the impact of capital budgeting techniques and investment appraisal methods on the success of business expansion in the manufacturing sector. A hypothesis testing approach has been used to assess the relationship between structured capital budgeting practices and expansion performance.
Keywords
CAPITAL BUDGETING, INVESTMENT APPRAISAL, MANUFACTURING, BUSINESS EXPANSION, NPV, IRR, PAYBACK PERIOD, HYPOTHESIS TESTING.
Article : Download PDF
Cite This Article
-
Article No : 9
Number of Downloads : 218
References
1. Gitman, L. J. (2015). Principles of Managerial Finance. Pearson Education.
2. Sharma, A., & Gupta, M. (2019). Capital Budgeting Practices in Indian SMEs. Journal of Financial Management, 11(2), 45–59.
3. Pandey, I. M. (2020). Financial Management. Vikas Publishing House.
4. Brigham, E. F., & Ehrhardt, M. C. (2016). Financial Management: Theory & Practice. Cengage Learning.