Article Title

Club Capital Budgeting Practices over Four Decades

Authors

James W. Damitio, Central Michigan University
Raymond S. Schmidgall, Michigan State University

Type of Submission

Refereed Article

Abstract

The approach clubs take to evaluate capital budgeting projects has evolved over the years. This study provides evidence that clubs appear to continue favoring the payback approach to capital budgeting. In addition, the internal rate of return approach appears to be used more than in the past when evaluating projects. The study compares club capital budgeting practices over a four-decade time frame.

DOI

https://doi.org/10.7275/qs7q-rp82

Recommended Citation

Damitio, James W. and Schmidgall, Raymond S. (2018) "Club Capital Budgeting Practices over Four Decades," Journal of Hospitality Financial Management: Vol. 26: Iss. 2, Article 5.
DOI: https://doi.org/10.7275/qs7q-rp82
Available at: https://scholarworks.umass.edu/jhfm/vol26/iss2/5