Purpose – The purpose of this article is to evaluate current techniques in capital budget decision making in Canada, including real options, and to integrate the results with similar previous studies. Design/methodology/approach – A mail survey was conducted, which included 88 large firms in...

Monte Carlo simulation is one of a number of analytical techniques available to enable managers to assess the risks surrounding capital budgeting decisions. Although it is covered in most texts on financial management, surveys have for many years pointed to only limited use of the technique by...

Proposes a new model called the strategy evaluation model. The need for this model is based on the ongoing criticism aimed at capital budgeting models which employ purely quantitative methods such as discounted cash flow techniques and financial ratio analysis. It has been suggested that these...

The use of discounted cashflow (DCF) techniques to evaluate major investment proposals is now commonplace. What is less generally known is that DCF analysis becomes unreliable when used to solve several common problems including the treatment of risk, real options, synergy and intangible assets....

Purpose – The purpose of this paper is to show how one of the biggest phenomena of the twenty‐first century is the internationalisation of professional sports and how premier league football epitomises this. With the influx of foreign players, managers and now owners, European League...

Presents the structural changes taking place in the international airline industry and the progression of changes in airline marketing strategies in global markets. Discusses major criteria for survival as well as an analysis of the future of the industry. Highlights specific marketing...

Purpose – The purpose of this study is to examine the moderating effect of playing devious games on the relationship between budget‐emphasis in performance evaluation and attitudes towards the budgetary process. Design/methodology/approach – A survey questionnaire was selected. A...

The proliferation of mergers during the 70s and 80s has generated voluminous amounts of research with a primary focus on the impact to the shareholders from both the acquired and the acquiring firms. Relatively little research has been placed on the valuation process itself, especially within...

Capital budgeting in a live environment is crucially influenced by exposure to risk. Argues that while there are many risk analysis techniques that could be used to assist with investment appraisal (for example the incorporation of risk premiums in discount rates, simulation, sensitivity...