Management Decision: Volume 19 Issue 1

Capital Budgeting in West European Companies

James C. Baker

Introduction Since 1951, the subject of capital budgeting has become deeply entrenched in the literature of financial management. Since Joel Dean's pioneering text (1951) many…

Appraising the Foreign Investment Decision

Richard Pike, Richard Dobbins

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…

A Study of Industry Financial Ratios

J.C. Drury

The origins of financial ratio analysis can be traced back to the first decade of the twentieth century. It began with the development of a single ratio, the current ratio, for a…

Inter‐Divisional Transfer Pricing: An Artificial Accounting System or a Real Business Tool?

Alan Smallman, Henri Adrien

Transfer pricing, although a relatively new area, is now a large and complex subject. In large diversified and integrated companies, the necessity to identify separate “profit…

Added Value, Labour Productivity and Earnings

N.H. Cuthbert, K.H. Hawkins, J.R. Sparkes

Introduction This paper on added value and labour productivity pays particular attention to the advantages and limitations of added value based incentive schemes.

The Role of the Marketing Accountant

C.D. Moss

The job description “marketing accountant” is increasingly seen in job advertisements, and this paper reports the results of a study into how companies use their “marketing…

Mix Variances in Management Accounting: A Programming Analysis

D.H. Drury

Introduction Properly performed management accounting variance analyses frequently generate insight by management that helps to identify factors contributing to a poorer (or…