This paper questions the view, that underlies much of the literature on the management of new technology, which applauds companies that strive to be at the forefront of new technology for its own sake. With particular reference to the polymer processing industry, but with implications for all...

Trade credit finance and credit management are gradually gaining the research attention an area of such importance merits. One area, still far from resolved, is why trade credit is extended by non-financial firms to customers. This paper seeks to identify the generic forces behind the trade...

Purpose – The performance measurement literature suggests that companies should consider increasing the diversity of their performance measures to embrace both financial and non‐financial measures. The purpose of this paper is to examine whether the use of multiple performance measures which...

Purpose – This paper seeks to concern itself with the determination of the effect that external factors have on the design and implementation of management accounting systems in a developing economy which has in the last decade experienced fluctuating levels of environmental uncertainty....

Managers may be motivated to invest abroad for a variety of reasons. They may feel “compelled” to make such investments because of lack of opportunities in the domestic market, or because competitors have set up manufacture abroad, thereby making exports less competitive. Alternatively, it...

A survey of investment in new production technology and specific AMT techniques in larger UK firms are described. Though the majority of the responding firms were in the manufacturing sector, some were not. Interestingly, some of these considered that they had invested substantially in new...

Though of fairly recent origin, the capital‐asset pricing model (CAPM) is becoming a dominant influence in the analysis of financial and investment decisions. While continuing to undergo stringent theoretical and empirical examination, the demonstrable explanatory and predictive ability of the...

The corporate manager could easily be forgiven for assuming that capital budgeting is primarily concerned with the selection of an appropriate evaluation technique. Most texts on the subject are devoted almost entirely to such topics as comparisons of evaluation techniques, determining hurdle...

Of vital importance to the long‐term profitability and level of investment in a company or indeed an economy is the determination of reliable hurdle rates, or minimum required rates of returns, for investment projects. Hurdle rates set too high lead to missed opportunities for profit and...

Firms should borrow a lot to finance their investment schedules, because interest payable on borrowings is tax deductible. However, firms should not borrow beyond the point where bankruptcy becomes a distinct possibility. When a firm's investment schedule collapses by failing to generate...