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Strategic investment decision making practices: A contextual approach

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    Rights statement: © Carr, C., Mitchell, F., & Kolehmainen, K. (2010). Strategic investment decision making practices: A contextual approach. Management Accounting Research, 21(3), 167-184doi: 10.1016/j.mar.2010.03.004

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Original languageEnglish
Pages (from-to)167-184
Number of pages18
JournalManagement Accounting Research
Issue number3
StatePublished - Sep 2010


This paper proposes a contextual approach to explaining differences in strategic investment decision (SID) making practices First, a systematic contextual framework is developed from the existing research literature Then this framework's potential for explaining differences in SID making practices is explored through 14 case studies of U K,US and Japanese companies from both stable and dynamic business sectors Our findings suggest substantial SID differences across our four contextual categories of market creators, value creators. refocusers and restructurers The differences relate to the emphasis on strategic versus financial considerations, the thoroughness and rigidity of financial analysis, the attitudes towards incorporating less easily quantifiable factors and the level of hurdle rates (C) 2010 Elsevier Ltd All rights reserved.

    Research areas

  • Strategic investment decisions , Strategic management accounting, Contingency approach, Vehicle components, Telecommunications

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