Harris / Emmanuel / Komakech Managerial Judgement and Strategic Investment Decisions

1. Auflage 2009
ISBN: 978-1-85617-897-6
Verlag: Elsevier Science & Techn.
Format: EPUB
Kopierschutz: 6 - ePub Watermark

E-Book, Englisch, 128 Seiten

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.
• Explains Strategic Investment Decisions (SIDs) clearly to management accountants who are expected to be involved in decision making processes 
• Covers all stages of the SID process, the types of SID and how multiple managers participate in the process
• Will help organisations benchmark their own SID practice

Professor Elaine P Harris is Professor and Head of Department of Accounting and Finance and Head of Leicester Business School's Graduate Centre at De Montfort University. She is currently Chair of the Committee of Heads of Accounting (CHA), and a member of CIMA's 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.

Autoren/Hrsg.

Harris, Elaine

Emmanuel, Clive R.

Komakech, Samuel

Inhaltsverzeichnis

1;Front Cover;1
2;Managerial Judgement and Strategic Investment Decisions;4
3;Copyright Page;5
4;Contents;6
5;About the Authors;8
6;Acknowledgements;10
7;List of Figures and Tables;12
8;Executive Summary;14
9;Introduction;20
10;Chapter 1 Strategic Investment Decisions;22
10.1;Introduction;22
10.2;Context;22
10.3;Stages in the SID process;24
10.4;Types of SID;27
10.5;Multiple manager participation in the process;27
10.6;The role of managerial judgement in SIDs;28
10.7;Summary;29
11;Chapter 2 Managerial Judgement;30
11.1;Introduction;30
11.2;Managers' strategic cognition and psychological concepts;30
11.3;Heuristics;31
11.4;Framing of propositions;33
11.5;Collective decision-making and group processes;34
11.6;Consensus;35
11.7;Summary;35
12;Chapter 3 Survey Design;38
12.1;Introduction;38
12.2;The analytic survey questionnaire;38
12.3;The sample and distribution of the questionnaire;42
12.4;Respondents;46
12.5;Data analysis;46
12.6;Summary;47
13;Chapter 4 Survey Analysis;48
13.1;Introduction;48
13.2;Respondent profiles;48
13.3;Types of projects;49
13.4;Stages in the SID process;50
13.5;Nature of the SID process;52
13.6;Managerial involvement;53
13.7;Psychological and group processes;57
13.8;Summary;61
14;Chapter 5 Summary of Research Findings and Implications;62
14.1;Summary of main findings;62
14.2;Implications for management accounting literature;65
14.3;Implications for management accountants;65
14.4;Implications for management of organisations;66
14.5;Implications for stakeholders;67
15;References;70
16;Appendix 1: Questionnaire;74
17;Appendix 2: Summary of Survey Responses;88
18;Appendix 3: Further Statistical Tables: For Questions Using Likert Scales;104
19;Appendix 4: Case Analysis;112
20;Index;126
20.1;A;126
20.2;B;126
20.3;C;126
20.4;D;126
20.5;E;126
20.6;F;126
20.7;G;126
20.8;H;126
20.9;I;126
20.10;M;126
20.11;N;127
20.12;O;127
20.13;P;127
20.14;R;127
20.15;S;127