Managerial Judgement and Strategic Investment Decisions

  • ID: 1767617
  • Book
  • 128 Pages
  • Elsevier Science and Technology
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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
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Strategic Investment Decisions (SIDs: 2
Managerial Judgement: Managers' strategic cognition and psychological concepts
Framing of propositions
Collective decision making and socio-political process

Survey Design: The analytic survey questionnaire
The sample and distribution of the questionnaire
Data analysis

Survey Analysis
Respondent profiles
Types of SID
Stages in the SID process
Nature of the SID process
Managerial involvement
Psychological and group processes

Summary of Findings and Implications: Summary of main findings
Implications for management accounting literature
Implications for management accountants
Implications for management of organizations
Implications for stakeholders in organizations.
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Harris, Elaine
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.
Emmanuel, Clive R.
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.
Komakech, Samuel
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.
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