Abstract
This article aimed to highlight the relationships between these characteristics and the use ofcapital budgeting practices. For the selection of articles published on “capital budgeting” it wasused the Proknow-C tool. It was found that the theory-practice gap is both related with the organizationaland managerial characteristics from the practical point of view, but requires a reviewby academicians. Organizations should seek professionals with experience in capital projectsappraisal and who are familiar with and knowledgeable in the use of adequate practices for decision-making. This research contributes by indicating the research gaps that need to be explored by researchers and by trying to identify the difficulties found by managers that interfere in the capital budgeting results.
Highlights
Este artigo teve como objetivo destacar as relações entre essas características e o uso de práticas de orçamento de capital
Business managers have not used the most sophisticated practices suggested by academicians
Despite the importance of the decision making of capital investments, it is curious to think that investment proposals are assessed in a manner that is contrary to theory, with chances of risks to the organizations
Summary
Este artigo teve como objetivo destacar as relações entre essas características e o uso de práticas de orçamento de capital. Tanto com as características organizacionais quanto gerenciais do ponto de vista prático, mas com experiência em avaliação de projetos de capital e que estejam familiarizados e com conhecimento sobre o uso de práticas adequadas para a tomada de decisões. Iyer and Reckers (2011) consider - First, decisions on capital expenditure are among the most complex decisions that organizations have to make because they involve uncertainties relating to future estimated cash ability, making imperative a careful assessment of the investment to be made (PANDEY, 2005) In this context, corporate capital budgeting decisions have been a mature topic of discussion and urged the conduction of researches since the 1960s. Evidences in the 1960s and 1970s already indicated a certain managerial trend to use more sophisticated practices more ofsome researchers began to report a widenpractices adopted by organizations (ANDRÉS; FUENTE; MARTIN, 2015)
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