CAPITAL BUDGETING AND FINANCIAL PERFORMANCE OF FIRMS IN NIGERIA

Cecilia Adurayemi Adu (PhD), Oladele Sewanu Potefa

Abstract


The individuals involved in making capital budgeting decisions are assumed to be rational in their investment decisions. However, in reality human irrationality can affect the capital budgeting decisions made. This results from divergence of individual goals from the goals of the firm. It is as a result of this irrationality that capital budgeting is being viewed as an inconvenient tool for shareholders wealth maximization goal. The Term Paper aimed to explain the Capital Budgeting and Financial Performance of Firms in Nigeria.


Keywords


finance, budgeting, performance, firms, investment

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