Apply Capital Budgeting Techniques in the Firms Accepted in Exchange Stock of Tehran

Favorable implementation of capital assets depends on accurate appraising of them before implementation. This generally happens through capital budgeting techniques. The purpose of the research is to study how to apply capital budgeting techniques, and whether not applied, study the obstacles of these techniques. The population of the research. Is financial managers of the firms accepted in exchange stock and the sample was selected through simple random. The information was gathered through questionnaire. Descriptive and analytic statistics were used for analyzing in formations. The results represent that the firms do not used these techniques. And payback period was the most used method among the firms. Other findings show significant relationship between cost of investment and applied techniques. But no significant relationship was seen between education and applied techniques. Other findings show that education and technical, structural and environmental obstacles, causes implying capital budgeting techniques. Of course educational and technical obstacles have had the most influence.