Article Title
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
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