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Managerial Judgement and Strategic Investment Decisions [Minkštas viršelis]

(Lecturer in Accounting and Fi), (Department of Accounting and Finance, University of Glasgow), (Professor and Head of Department of Accounting and Finance and Head of Leicester Business Schools Graduate Centre at De Montfort University)
  • Formatas: Paperback / softback, 128 pages, aukštis x plotis: 229x152 mm
  • Išleidimo metai: 13-Aug-2009
  • Leidėjas: CIMA Publishing
  • ISBN-10: 1856178234
  • ISBN-13: 9781856178235
Kitos knygos pagal šią temą:
Managerial Judgement and Strategic Investment DecisionsDidesnis paveikslėlis
  • Formatas: Paperback / softback, 128 pages, aukštis x plotis: 229x152 mm
  • Išleidimo metai: 13-Aug-2009
  • Leidėjas: CIMA Publishing
  • ISBN-10: 1856178234
  • ISBN-13: 9781856178235
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781856178235.html
This book presents the findings from a cross-sectional survey funded by CIMA. The project aimed to survey senior management accountants working across a range of organisations and industries with a unique focus on the behavioural side of decision making, the use of managerial judgement. Previous capital budgeting surveys have tended to focus on the quantitative evaluation tools and techniques used for project appraisal. This study was broader in that it asked about every stage of the strategic investment decision (SID) process, from initiation to post implementation review, and how different managers were involved at different stages of the process. The focus is on how decision judgements are reached.

• This book reflects the widespread support for an emerging model of the strategic investment decision process, involving accountants and other managers in up to ten stages
• With a much broader focus than existing literature, the report covers all stages of strategic investment decision (SID) process, the types of SID and how multiple managers participate in the process
• The research explores the role that managerial judgement plays in the SID process including insight on how human behaviour might influence decisions and how managerial judgement might be exercised.
• Findings from this publication may assist organisations in benchmarking their own SID practice.

About the Authors vii
Acknowledgements ix
List of Figures and Tables
xi
Executive Summary xiii
Introduction xix
Strategic Investment Decisions
1(8)
Introduction
1(1)
Context
1(2)
Stages in the SID process
3(3)
Types of SID
6(1)
Multiple manager participation in the process
6(1)
The role of managerial judgement in SIDs
7(1)
Summary
8(1)
Managerial Judgement
9(8)
Introduction
9(1)
Managers' strategic cognition and psychological concepts
9(1)
Heuristics
10(2)
Framing of propositions
12(1)
Collective decision-making and group processes
13(1)
Consensus
14(1)
Summary
14(3)
Survey Design
17(10)
Introduction
17(1)
The analytic survey questionnaire
17(4)
The sample and distribution of the questionnaire
21(4)
Respondents
25(1)
Data analysis
25(1)
Summary
26(1)
Survey Analysis
27(14)
Introduction
27(1)
Respondent profiles
27(1)
Types of projects
28(1)
Stages in the SID process
29(2)
Nature of the SID process
31(1)
Managerial involvement
32(4)
Psychological and group processes
36(4)
Summary
40(1)
Summary of Research Findings and Implications
41(8)
Summary of main findings
41(3)
Implications for management accounting literature
44(1)
Implications for management accountants
44(1)
Implications for management of organisations
45(1)
Implications for stakeholders
46(3)
References 49(4)
Appendix 1: Questionnaire 53(14)
Appendix 2: Summary of Survey Responses 67(16)
Appendix 3: Further Statistical Tables: For Questions Using Likert Scales 83(8)
Appendix 4: Case Analysis 91(14)
Index 105
Professor Elaine P Harris is Professor and Head of Department of Accounting and Finance and Head of Leicester Business Schools Graduate Centre at De Montfort University. She is currently Chair of the Committee of Heads of Accounting (CHA), and a member of CIMAs Education Board. Her research interests are in project risk assessment and decision making. She is guest editor of the International Journal of Risk Assessment and Management and managing editor (special issues) of The Journal of Applied Accounting Research. Professor Clive R. Emmanuel is Professor of Accounting and Finance at the University of Glasgow. He is currently joint editor of the British Accounting Review.His research interests are in management control, transfer pricing, and capital budgeting. He has published extensively in UK and international journals. Samuel Komakech is Lecturer in Accounting and Finance at De Montfort University and worked as the research assistant on this CIMA-funded project, while studying for his PhD. He has worked in Uganda as a tax consultant for KPMG and teaches management accounting. His research interests are in activity based costing and capital budgeting.