Project Topics Seminar Topics School of Nursing Exam PDF Sign Up
Search Topic
PARKLYN
ERVICES
 · RC: 2994849
The Use of Capital Budgeting as the Best Tool for Investment Appraisal in Manufacturing Industries
WhatsApp Channel

The Use of Capital Budgeting as the Best Tool for Investment Appraisal in Manufacturing Industries

This page presents an excerpt of the available research material, including the Preliminary Pages, Table of Contents, Abstract, Chapters One to Five, and References. It provides a comprehensive overview of the study, enhancing readability and accessibility for students, and researchers seeking complete material on “The Use of Capital Budgeting as the Best Tool for Investment Appraisal in Manufacturing Industries”.

ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Vocational Education for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Use of Capital Budgeting as the Best Tool for Investment Appraisal in Manufacturing Industries provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    ABSTRACT

    The major purpose of the study was to determine the extent to which capital budgeting is being utilized as a tool for optimum investment analysis in manufacturing companies in Enugu and Anambra States. The study adopted a survey research design. Seven specific purposes were developed in line with the major purpose of the study. The study answered seven research questions and tested five hypotheses at 0.05 level of significance. The population for the study consisted of 552 management staff of the 138 registered manufacturing companies operating in Enugu and Anambra Sates. Stratified random sampling technique was used to select a total of 336 management staff of 84 manufacturing companies which therefore constituted the sample.

    The questionnaire was structured on a 5-point rating scale and was validated by five experts; two from the Department of Vocational Teacher Education, University of Nigeria, Nsukka; two from Accountancy Department of University of Nigeria, Enugu Campus and one professional Accountant from Bursary Department of the University of Nigeria, Nsukka. Their suggestions were incorporated to improve the final draft of the instrument used for the study. Cronbach Alpha reliability coefficient of 0.95 was obtained for the entire items in the instrument. While the 7 clusters had Cronbach Alpha coefficients of 0.959, 0.953, 0.967, 0.932, 0.972, 0.940 and 0.984 respectively. A total of 320 of the 336 copies of the questionnaire administered were retrieved representing about 95% retrieval.

    The data collected were analyzed using frequency, percentage and mean for answering the seven research questions while t-test statistic and analysis of variance (ANOVA) were used in testing the five null hypotheses at 0.05 level of significance and 318 degree of freedom (df) for the t-test statistic. The major findings of the study were: 1) capital budgeting decision processes were used to a little extent to aid corporate planning; 2) management complied to a little extent with the use of capital budgeting techniques for investment analysis; 3) balancing strategic management consideration with capital budgeting evaluative techniques will improve on effective use of capital budgeting for investment analysis.

    It was concluded that manufacturing companies utilized non discounted investment evaluation techniques to a great extent for investment decisions. Based on the findings and conclusion, it was recommended that management should ensure the use of discounted capital budgeting techniques for investment analysis, and allow financial managers free hand in project evaluation and selection.


    CHAPTER ONE

    1.0 Introduction

    1.1 Background of the Study

    A company is a form of business organization, a corporate body or a corporation, generally registered under the company's Act or similar legislations. It is a legal entity, created under an enabling law of the government, having unlimited life span and limited liability. Igben (2007) defines a company as a body corporate, having a distinct legal personality created by or under an enabling statute of the government. A company is a form of business organization, whose characteristics include; limited liability, corporate body, right to sue or be sued, enter into contracts, owe debts, pay debts, pay taxes, pay dividend from earnings, and neither the death nor the bankruptcy of any of its members can force it to liquidate (Chartered Institute of Management Accountants (CIMA), 2004).

    Manufacturing companies are companies that convert raw materials and component parts into consumer, and or industrial goods (Garner, 2001). Manufacturing companies are companies that engage in production (i.e. business organizations which creates utility). The manufacturing sub-sector can be classified based on two major sub-division; either in accordance with area of coverage, or in relation to its capital base. Based on area of coverage, four distinct groups are identified, namely: the multi-nationals, the nationals, the regional and the local manufacturing companies. Based on size of capital, four companies can be identified, namely: the micro cottage, the small scale, the medium scale, and the large scale manufacturing companies.

    …

    CHAPTER TWO

    LITERATURE REVIEW

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

    How to Download the Complete PDF Material (Table of Contents, Abstract, Chapter 1-5, and References)

    Above is a preview excerpt of the full study on “The Use of Capital Budgeting as the Best Tool for Investment Appraisal in Manufacturing Industries”. The complete material, including all five chapters, is available for download upon request. Get in touch with us here!

    Download Material (Docx)