A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM)
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Independent Journal of Management & Production |
Texto Completo: | http://www.ijmp.jor.br/index.php/ijmp/article/view/1231 |
Resumo: | The purpose of this study was to explore the appraisal process of capital investment decisions. The study adopted the grounded theory approach for the exploration of the objective. In the first stage, 48 in-depth interviews were conducted from finance executives of PSX listed companies. After transcription of all of the interviews, NVIVO software was used for analysis. Theoretical sampling was used in this study. Initially, 35 concepts and 19 categories were obtained from the initial coding of 48 cases. In the next stage, using focused coding, 19 initial categories into 09 categories were classified. These 09 categories represent each stage of the appraisal process of capital investment. These stages are Idea generation, Strategic planning, Analysis, Risk Evaluation, Selection, Mode of finance, Implementation, Monitoring and control, and Post-audit. The development of appraisal process stages is the novelty of this study and key theoretical contribution. Findings provide an in-depth understanding of the systematic way that industry appraises capital investments. This study opens grounds for new knowledge for academia, adds to relevant literature and reduces the gap between the corporate world and academia. |
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Independent Journal of Management & Production |
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A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM)CapitalinvestmentappraisalModelCAMbudgetinggroundedtheoryCapexDecisionsThe purpose of this study was to explore the appraisal process of capital investment decisions. The study adopted the grounded theory approach for the exploration of the objective. In the first stage, 48 in-depth interviews were conducted from finance executives of PSX listed companies. After transcription of all of the interviews, NVIVO software was used for analysis. Theoretical sampling was used in this study. Initially, 35 concepts and 19 categories were obtained from the initial coding of 48 cases. In the next stage, using focused coding, 19 initial categories into 09 categories were classified. These 09 categories represent each stage of the appraisal process of capital investment. These stages are Idea generation, Strategic planning, Analysis, Risk Evaluation, Selection, Mode of finance, Implementation, Monitoring and control, and Post-audit. The development of appraisal process stages is the novelty of this study and key theoretical contribution. Findings provide an in-depth understanding of the systematic way that industry appraises capital investments. This study opens grounds for new knowledge for academia, adds to relevant literature and reduces the gap between the corporate world and academia.Independent2020-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlapplication/pdfhttp://www.ijmp.jor.br/index.php/ijmp/article/view/123110.14807/ijmp.v11i7.1231Independent Journal of Management & Production; Vol. 11 No. 7 (2020): Independent Journal of Management & Production; 2778-28042236-269X2236-269Xreponame:Independent Journal of Management & Productioninstname:Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)instacron:IJM&Penghttp://www.ijmp.jor.br/index.php/ijmp/article/view/1231/1654http://www.ijmp.jor.br/index.php/ijmp/article/view/1231/1671Copyright (c) 2020 Umair Baig, Manzoor Ahmed Khalidihttp://creativecommons.org/licenses/by-nc-sa/4.0info:eu-repo/semantics/openAccessBaig, UmairKhalidi, Manzoor Ahmed2020-12-01T04:01:33Zoai:www.ijmp.jor.br:article/1231Revistahttp://www.ijmp.jor.br/PUBhttp://www.ijmp.jor.br/index.php/ijmp/oaiijmp@ijmp.jor.br||paulo@paulorodrigues.pro.br||2236-269X2236-269Xopendoar:2020-12-01T04:01:33Independent Journal of Management & Production - Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)false |
dc.title.none.fl_str_mv |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) |
title |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) |
spellingShingle |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) Baig, Umair Capital investment appraisal Model CAM budgeting grounded theory Capex Decisions |
title_short |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) |
title_full |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) |
title_fullStr |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) |
title_full_unstemmed |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) |
title_sort |
A grounded theory exploration of appraisal Process of Capital Investment Decisions — Capex Appraisal Model (CAM) |
author |
Baig, Umair |
author_facet |
Baig, Umair Khalidi, Manzoor Ahmed |
author_role |
author |
author2 |
Khalidi, Manzoor Ahmed |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Baig, Umair Khalidi, Manzoor Ahmed |
dc.subject.por.fl_str_mv |
Capital investment appraisal Model CAM budgeting grounded theory Capex Decisions |
topic |
Capital investment appraisal Model CAM budgeting grounded theory Capex Decisions |
description |
The purpose of this study was to explore the appraisal process of capital investment decisions. The study adopted the grounded theory approach for the exploration of the objective. In the first stage, 48 in-depth interviews were conducted from finance executives of PSX listed companies. After transcription of all of the interviews, NVIVO software was used for analysis. Theoretical sampling was used in this study. Initially, 35 concepts and 19 categories were obtained from the initial coding of 48 cases. In the next stage, using focused coding, 19 initial categories into 09 categories were classified. These 09 categories represent each stage of the appraisal process of capital investment. These stages are Idea generation, Strategic planning, Analysis, Risk Evaluation, Selection, Mode of finance, Implementation, Monitoring and control, and Post-audit. The development of appraisal process stages is the novelty of this study and key theoretical contribution. Findings provide an in-depth understanding of the systematic way that industry appraises capital investments. This study opens grounds for new knowledge for academia, adds to relevant literature and reduces the gap between the corporate world and academia. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-12-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://www.ijmp.jor.br/index.php/ijmp/article/view/1231 10.14807/ijmp.v11i7.1231 |
url |
http://www.ijmp.jor.br/index.php/ijmp/article/view/1231 |
identifier_str_mv |
10.14807/ijmp.v11i7.1231 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
http://www.ijmp.jor.br/index.php/ijmp/article/view/1231/1654 http://www.ijmp.jor.br/index.php/ijmp/article/view/1231/1671 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2020 Umair Baig, Manzoor Ahmed Khalidi http://creativecommons.org/licenses/by-nc-sa/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2020 Umair Baig, Manzoor Ahmed Khalidi http://creativecommons.org/licenses/by-nc-sa/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html application/pdf |
dc.publisher.none.fl_str_mv |
Independent |
publisher.none.fl_str_mv |
Independent |
dc.source.none.fl_str_mv |
Independent Journal of Management & Production; Vol. 11 No. 7 (2020): Independent Journal of Management & Production; 2778-2804 2236-269X 2236-269X reponame:Independent Journal of Management & Production instname:Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP) instacron:IJM&P |
instname_str |
Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP) |
instacron_str |
IJM&P |
institution |
IJM&P |
reponame_str |
Independent Journal of Management & Production |
collection |
Independent Journal of Management & Production |
repository.name.fl_str_mv |
Independent Journal of Management & Production - Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP) |
repository.mail.fl_str_mv |
ijmp@ijmp.jor.br||paulo@paulorodrigues.pro.br|| |
_version_ |
1797220492898205696 |