Financial management practices in public sector enterprises: a study of capital budgeting decisions

摘要: Capital budgeting decisions affect the profitability of a business organization. Since these are related to fixed assets, they have direct bearing on earnings since it is assets which earn profits for enterprise. Besides, relate commitment large amount funds long period time. Therefore, wrong decision can lasting effect not only but very survival On other hand, sound capital will salutary its wealth creation. This paper presents study done sample 137 public sector enterprises. Primary as well secondary data been used purpose. The covers 13 years from 1991 2003.