Using management control systems to achieve alignment between strategic investment decisions and strategy

Slagmulder, Regine

doi:10.1006/mare.1996.0035

Cited by 69 publications

(60 citation statements)

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“…Nixon, 1995;Slagmulder & Bruggeman, 1992;Slagmulder, 1997; of a proposed investment as critical. Typically, investment opportunities identified at lower levels must pass a 'strategic test' when put to more senior management.…”

Section: Consistency With Overall Strategymentioning

confidence: 99%

Evaluating Investments in Advanced Manufacturing Technology: A Fuzzy Set Theory Approach

Abdel-Kader

Dugdale

2001

The British Accounting Review

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In this paper, a model for the evaluation of investments in advanced manufacturing technology is developed. Many authors have called for an integration of financial and non-financial factors in such evaluations, and this paper demonstrates that it is conceptually possible to do this using the mathematics of the analytic hierarchy process and fuzzy set theory. The development of the model has certain distinguishing features. First, it is based on a conceptual framework that combines the three dimensions of risk, financial return and non-financial factors. The empirical basis for this has been investigated and previously reported by the authors. Second, models previously developed and reported in the literature are shown to suffer from certain flaws relating to the use of linguistic scales, the ranking of fuzzy performance indicators and partiality in the treatment of investment decision variables. These issues are addressed through the development of simpler linguistic scales based on the analytic hierarchy, a revised procedure for ranking fuzzy numbers and an attempt to build a comprehensive model through the three dimensions described above. Triangular fuzzy numbers are used throughout in order to make the mathematics tractable and relatively easy to understand, and to facilitate presentation of a worked example. However, so that the reader is not misled, attention is drawn to some of the complexities in fuzzy arithmetic, especially the important distinction between subtraction/division and deconvolution of fuzzy numbers.

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Section: Consistency With Overall Strategymentioning

confidence: 99%

Evaluating Investments in Advanced Manufacturing Technology: A Fuzzy Set Theory Approach

Abdel-Kader

Dugdale

2001

The British Accounting Review

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“…Typical examples of such decisions include mergers and acquisitions, joint ventures, the introduction of major new product lines and markets, the introduction of advanced manufacturing/business technologies and substantial shifts in production capability (Butler et al, 1991 andSlagmulder et al, 1995;Van Cauwenbergh et al, 1996;Tomkins, 1996, 1998;Slagmulder, 1997;Northcott and Alkaraan, 2007;Northcott and Alkaraan, 2007;Harris, 2014;Alkaraan, 2015).…”

Section: Strategic Investment Appraisalmentioning

confidence: 99%

Strategic Investment Appraisal: Multidisciplinary Perspectives

Alkaraan¹

2017

Advances in Mergers and Acquisitions

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“…There is only flimsy evidence in extant literature to support the impact of capital budgeting techniques on firm performance (e.g., Kim, 1981;Pike, 1988;Farragher, Kleiman and Sahu, 2001;Jiang, Chen and Huang, 2006;Vadeei et al, 2012) Therefore this study evaluates the moderating effect of uncertainty between capital budgeting practices and performance. So, study is an endeavour to build on earlier findings examining the factors influencing capital budgeting practices (Aggarwal, 1980;Schall and Sundem, 1980;Scapens and Sale, 1981;Kim, 1981;Mukherjee and Henderson, 1987;Haka, 1987;Klammer,Koch and Wilner,1991;Staw, 1991;Ho and Pike, 1992;Nutt, 1993;Sangster, 1993;Chen, 1995;Slagmulder, 1997;Bowman and Moskowitz, 2001;Zhu and Weyant, 2003;McGrath and Nerkar, 2004;Verbeeten, 2006;Donker, Santen, Zahir (2009);Brown and Sarma, 2007;Glaser, Schafers, andWeber, 2008, Daunfeldt andHartwig,2011).…”

Section: Theoretical View On Ccorporate Finance Theory and Corporate mentioning

confidence: 99%

Moderating Effect of Social Uncertainty between Capital Budgeting Practices and Performance

Kengatharan

2017

ijafr

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Capital budgeting is crucial in order for companies to sustain themselves, survive and flourish in markets and to increase shareholders" wealth. The performance of a firm depends on its effective investment decisions. Investing in the 'right' project has an influence on the success of the firm and its future growth. Even though risk and uncertainty factors carefully considered in investment decision making. Therefore, aim of this study was to evaluate the moderating effect of uncertainty between capital budgeting practices and performance based on Sri Lankan emerging market. The data were garnered from primary data and secondary data sources. The primary data were collected from 186 CFOs working in companies in Sri Lanka using self-administered questionnaires. The questionnaire was piloted with a sample of five CFOs. The secondary data were mainly collected from CSE via the Bloomberg website/annual reports for the 5 years period. In order to evaluate the moderating effect of uncertainty between capital budgeting practices and performance, social uncertainty has been considered in this study. Performance was measured by Tobin_q. Data were analysed using descriptive, inferential and multivariate analysis. Findings of the study revealed that an increased level of social uncertainty weakens the positive relationship between sophisticated capital budgeting practices and Tobin_q. In a similar way, an increased level of social uncertainty weakens the positive relationship between advanced capital budgeting practices and Tobin_q and vice versa. Overall, this study has made contribution as identified the moderating effect of uncertainty between the relationship of capital budgeting practices and performances. In a nutshell, beyond its valuable contribution, this study serves as a springboard for future research in many ways.

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Using management control systems to achieve alignment between strategic investment decisions and strategy

Cited by 69 publications

References 0 publications

Evaluating Investments in Advanced Manufacturing Technology: A Fuzzy Set Theory Approach

Evaluating Investments in Advanced Manufacturing Technology: A Fuzzy Set Theory Approach

Strategic Investment Appraisal: Multidisciplinary Perspectives

Moderating Effect of Social Uncertainty between Capital Budgeting Practices and Performance

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