Capital Investment Decision Making in Small and Medium Enterprises:

Fact-finding survey through interviews

Abstract

The research aimed to elucidate the actual state of equipment investment management processes in small and medium-sized enterprises (SMEs) and identify factors influencing these processes. An interview survey was conducted with 10 SMEs located in the Kushiro and Nemuro regions of Hokkaido. Based on the results of the interview survey, qualitative data analysis (QDA) was performed to describe the reality of equipment investment management processes in SMEs. Factors influencing equipment investment management processes in SMEs, including strategy, keiretsu, external experts, and the external environment, were also examined.