The Experts below are selected from a list of 327 Experts worldwide ranked by ideXlab platform
Stefan Sjögren - One of the best experts on this subject based on the ideXlab platform.
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Investment Appraisal Techniques and the Adoption of Quantitative Risk Measures – Evidence from Swedish 500 Largest Firms
2020Co-Authors: Ted Lindblom, G Sandahl, Stefan SjögrenAbstract:This paper examines to what extent business firms use qualitative and quantitative Investment Appraisal Techniques. It is based on the results of a survey sent to all Swedish non-financial corporations among the 500 largest and to all remaining smaller Swedish firms on the stock exchange (response rate = 34%). We find that the diffusion of sophisticated Investment Appraisal Techniques have continued to increase the last decade, and NPV is now the most common technique among large and listed firms. We also observe that firms adopting NPV and other discounted cash flow Techniques to a higher degree consider risk and avoid the use of rules of thumbs when making Investment decisions. Compared with earlier studies Swedish firms tend to apply quantitative risk assessment methods to a higher degree, but, still many rely on accounting numbers to determine hurdle rates.
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Investment Appraisal Techniques and the adoption of quantitative risk measures evidence from swedish 500 largest firms
The Sixteenth International Working Seminar on Production Economics proceedings March 1-5 2010, 2010Co-Authors: Ted Lindblom, G Sandahl, Stefan SjögrenAbstract:This paper examines to what extent business firms use qualitative and quantitative Investment Appraisal Techniques. It is based on the results of a survey sent to all Swedish non-financial corporations among the 500 largest and to all remaining smaller Swedish firms on the stock exchange (response rate = 34%). We find that the diffusion of sophisticated Investment Appraisal Techniques have continued to increase the last decade, and NPV is now the most common technique among large and listed firms. We also observe that firms adopting NPV and other discounted cash flow Techniques to a higher degree consider risk and avoid the use of rules of thumbs when making Investment decisions. Compared with earlier studies Swedish firms tend to apply quantitative risk assessment methods to a higher degree, but, still many rely on accounting numbers to determine hurdle rates.
Mike Tayles - One of the best experts on this subject based on the ideXlab platform.
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the misapplication of capital Investment Appraisal Techniques
Management Decision, 1997Co-Authors: Colin Drury, Mike TaylesAbstract:Surveys of capital budgeting practices in the UK and USA reveal a trend towards the increased use of more sophisticated Investment Appraisals requiring the application of discounted cash flow (DCF) Techniques. Several writers, however, have claimed that companies are underinvesting because they misapply or misinterpret DCF Techniques. Such claims have been made on the basis of observations in only a few companies, or anecdotal evidence, without any supporting statistical evidence. Reports on a recent survey conducted by the authors which suggests that many UK firms are guilty of misapplying DCF Techniques. Also provides evidence relating to some issues that have not been thoroughly examined in previous studies, namely the impact of company size and the relative importance that firms attach to different Investment Appraisal Techniques.
Stephanie Stray - One of the best experts on this subject based on the ideXlab platform.
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financial Appraisal and the is it Investment decision making process
Journal of Information Technology, 1998Co-Authors: Joan Ballantine, Stephanie StrayAbstract:This paper explores the Techniques used by organizations to appraise Information Systems (IS)/Information Technology (IT) Investments, and concentrates, in particular, on Techniques of capital Investment Appraisal. We draw on relevant studies reported in both the accounting and finance, and the IS literature, which have addressed their usage. Where possible comparisons are drawn between both sets of literatures. The results of a survey that specifically examined IS/IT Investment Appraisal practices of a sample of UK companies is also presented. Among the issues discussed include the extent to which capital Investment Appraisal Techniques are used to Appraisal Investments, the importance of the Techniques used and the problems attendant on the decision making process.
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The use and importance of financial Appraisal Techniques in the IS/IT Investment decision-making process—recent UK evidence
Project appraisal, 1995Co-Authors: Joan Ballantine, Robert D Galliers, Stephanie StrayAbstract:Although the literature on capital Investment Appraisal Techniques (CIAT) acknowledges a heterogeneity in Appraisal methods, it fails to consider adequately the possible implications of the heterogeneity of the objects of Appraisal. Here the use of CIAT is examined for appraising a particular type of Investment—information systems/information technology (IS/IT). The results of a survey investigating Appraisal practices of a sample of the top 1000 UK companies are presented and discussed. The extent to which CIAT are used to appraise the financial feasibility of IS/IT Investments is determined, while drawing comparisons with findings in the accounting and finance, and IS/IT literature. The importance of the Techniques is identified, and the particular problems associated with their use in IS/IT Investments, including those related to knowledge and information problems.
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the use and importance of financial Appraisal Techniques in the is it Investment decision making process recent uk evidence
Project appraisal, 1995Co-Authors: Joan Ballantine, Robert D Galliers, Stephanie StrayAbstract:Although the literature on capital Investment Appraisal Techniques (CIAT) acknowledges a heterogeneity in Appraisal methods, it fails to consider adequately the possible implications of the heterogeneity of the objects of Appraisal. Here the use of CIAT is examined for appraising a particular type of Investment—information systems/information technology (IS/IT). The results of a survey investigating Appraisal practices of a sample of the top 1000 UK companies are presented and discussed. The extent to which CIAT are used to appraise the financial feasibility of IS/IT Investments is determined, while drawing comparisons with findings in the accounting and finance, and IS/IT literature. The importance of the Techniques is identified, and the particular problems associated with their use in IS/IT Investments, including those related to knowledge and information problems.
David Isaac - One of the best experts on this subject based on the ideXlab platform.
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contemporary Investment Appraisal Techniques
1998Co-Authors: David IsaacAbstract:Explicit DCF models can be developed using growth in the calculation and discounting using the investor’s target rate or equated yield. Freehold property requires an infinite cash flow and this means the process needs to be shortened. This can be done by assuming a certain holding period and then resale of the Investment at the initial capitalisation rate.
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property Investment Appraisal Techniques introduction
1998Co-Authors: David IsaacAbstract:Investment Appraisal systems need a clear criterion on which to measure the proposals for Investment in a project. The Appraisal can only deal with money considerations; items can then be quantified in cash terms. It cannot deal with qualitative assumptions, thus the criterion is measured on a cash yard stick. The method used must also allow other alternative Investment projects to be measured against one another. In this section we look at the development of capital Appraisal Techniques in the business sector for comparison with methods in the property sector. Just as in the property field there is a comparison of traditional methods of Appraisal with discounted cash flow approaches; the development of capital Appraisal Techniques in business mirrors this. The traditional methods in business, however, are more basic than those in the property field. Property valuation methods take into account the concept of discounting income and costs in the future, which illustrates the time value of money in the sense that a £1 available today is worth more than a £1 in a year’s time even ignoring an inflation effect. This is because if a £1 is immediately consumed, the benefit is obtained a year earlier or the £1 can be invested and earn interest over the year. In property valuation the traditional Years Purchase approach takes into account the time value of money, whereas in business valuation traditional methods ignore this. The more advanced approaches of discounted cash flow involving net present value (NPV) and internal rate of return (IRR) are dealt with later in this chapter. The two basic approaches discussed first are the payback period method and the rate of return on Investment method.
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property Investment Appraisal Techniques applications
1998Co-Authors: David IsaacAbstract:This book is concerned with property Investment and it is not intended to go into great detail on Appraisal Techniques. However, this chapter and the next will look at issues related to conventional and contemporary Appraisal Techniques. For a more detailed exposition of the fundamentals, you are referred to Enever and Isaac (1995) and Isaac and Steley (1991). This chapter looks at reversionary property, leasehold interests, growth and inflation and valuation accuracy.
Ted Lindblom - One of the best experts on this subject based on the ideXlab platform.
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Investment Appraisal Techniques and the Adoption of Quantitative Risk Measures – Evidence from Swedish 500 Largest Firms
2020Co-Authors: Ted Lindblom, G Sandahl, Stefan SjögrenAbstract:This paper examines to what extent business firms use qualitative and quantitative Investment Appraisal Techniques. It is based on the results of a survey sent to all Swedish non-financial corporations among the 500 largest and to all remaining smaller Swedish firms on the stock exchange (response rate = 34%). We find that the diffusion of sophisticated Investment Appraisal Techniques have continued to increase the last decade, and NPV is now the most common technique among large and listed firms. We also observe that firms adopting NPV and other discounted cash flow Techniques to a higher degree consider risk and avoid the use of rules of thumbs when making Investment decisions. Compared with earlier studies Swedish firms tend to apply quantitative risk assessment methods to a higher degree, but, still many rely on accounting numbers to determine hurdle rates.
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Investment Appraisal Techniques and the adoption of quantitative risk measures evidence from swedish 500 largest firms
The Sixteenth International Working Seminar on Production Economics proceedings March 1-5 2010, 2010Co-Authors: Ted Lindblom, G Sandahl, Stefan SjögrenAbstract:This paper examines to what extent business firms use qualitative and quantitative Investment Appraisal Techniques. It is based on the results of a survey sent to all Swedish non-financial corporations among the 500 largest and to all remaining smaller Swedish firms on the stock exchange (response rate = 34%). We find that the diffusion of sophisticated Investment Appraisal Techniques have continued to increase the last decade, and NPV is now the most common technique among large and listed firms. We also observe that firms adopting NPV and other discounted cash flow Techniques to a higher degree consider risk and avoid the use of rules of thumbs when making Investment decisions. Compared with earlier studies Swedish firms tend to apply quantitative risk assessment methods to a higher degree, but, still many rely on accounting numbers to determine hurdle rates.
