Search results for "budgeting"
showing 10 items of 14 documents
Beyond budgeting since inception: what is the status?
2017
Master's thesis Business Administration BE501 - University of Agder 2017 The Beyond Budgeting idea as developed by Hope and Fraser (1997) has been in existence for almost twenty years, yet, the research community still has divergent views on whether the concept is a better management accounting tool for organizations’ management control system or not. Also, whether it has received attention in research community like other management accounting tools such as Traditional Budgeting and Balanced Scorecard. On this notion, this study is developed to investigate the status of the research discourse on the concept to gain relevant knowledge. Inspired by Scapens and Bromwich (2001) and built on Ac…
OFN Capital Budgeting Under Uncertainty and Risk
2017
The aim of this chapter is to propose a new approach to incorporating uncertainty into capital budgeting. The chapter presents methods that can be used by an investor when the decision maker wants to be able to make an investment decision where there are alternative investment projects. This kind of problem is undertaken under the conditions of uncertainty and risk using Ordered Fuzzy Numbers (OFN). The starting point is the concept of Ordered Fuzzy Numbers. The chapter illustrates the implementation of the proposed approach with an example where two alternative investment projects are analyzed. The authors present the capital budgeting problem using a numerical example. The described metho…
The necessary integration between public management approaches and democratic participatory processes. The case of #ontinyentparticipa
2016
Este artículo tiene por objeto el estudio de #OntinyentParticipa, un proceso político innovador enmarcado en los presupuestos participativos de la localidad valenciana de Ontinyent (España). Describiremos el dispositivo y su contextualización, y analizaremos el papel desempeñado por colectivos, movimientos vecinales y asociaciones implicadas. Además, se tendrá en cuenta la intervención de la administración pública como actor principal del proceso participativo. Para abordar las relaciones entre ciudadanía, Administración y sus enfoques teóricos, se utilizará la tradición del republicanismo contemporáneo con su énfasis en consolidar una democracia más participativa e inclusiva. This article …
Goal Programming as a Decision Model for Performance-Based Budgeting
2013
Abstract The spreadsheet applications are becoming a widely used tool for processing quantitative data and developing analytical solutions. The ability to build decision support systems (DSS) based on these spreadsheet solutions can facilitate knowledge management and increase information utilization within an organization. The paper describes the use of a spreadsheet solution to partially implement the performance-based budgeting (PB) principles for a public body. The solution builds on the goal programming optimization method and is exemplified for some real data.
E-Democracy and Public Online Budgeting
2014
If social media are to reinforce sustainability of political decisions their design has conceptually to take into account the implications of deliberative democracy, which stresses the active co-operation of virtually all citizens of a democracy for the purposes of participatory involvement. Essential to deliberative e-democracy is therefore a technologically supported comprehensive discourse about political subjects which is also called Deliberation. Theoretical implications of Deliberation are discussed from the angle of political science and social psychology. Finally, the practical implications of Deliberation rooted in social media are exemplified by an online citizen involvement for t…
Venture Capitalists’ Appraisal of Investment Projects: An Empirical European Study
1997
The Investment appraisal and valuation process of venture capitalists includes Information gathering, the assessment of risk and required return, and the choice of a valuation method. This process is empirically studied in the United Kingdom, the Netherlands, Belgium, and France. The Importance of different information sources is equal in the four countries, except that the French venture capitalists Place more emphasis on personal references and the track record of the entrepreneur. The required return is lowest in the Netherlands and Belgium for every development stage of a company, and highest in the UK. The most widely used valuation method in the UK is the multiplication of past or fu…
Venture capitalists, investment appraisal and accounting information: a comparative study of the USA, UK, France, Belgium and Holland
2000
The differences between the information used for the pre-investment valuation and the valuation methods used by venture capital investors in five countries (USA, UK, France, Belgium and Holland) are empirically studied. The analysis is based on postal questionnaire surveys of representative samples of senior venture capitalists in each country. Differences are found, which may be attributed to the dominant corporate governance mechanism or the level of development of the venture capital market. Between-country differences persist even after taking into account between-country differences in the relative importance of investment stages and venture capital types. Apparently similar systems an…
VALUTAZIONE DELLE PERFORMANCE E ATTIVITÀ DI INDIRIZZO, MONITORAGGIO E CONTROLLO SULLA PROGRAMMAZIONE PUBBLICA REGIONALE DEI FONDI STRUTTURALI. APPROC…
2014
La programmazione pubblica regionale attraversa un momento di forte criticità interna legata al soggetto attuatore regionale, caratterizzata da una lentissima attuazione dei programmi operativi cofinanziati dalla Commissione Europea. In risposta alle emergenze economiche e sociali, l’amministrazione regionale necessita di strumenti in grado di comunicare efficacemente azioni e risultati che possono positivamente influenzare la vita sociale e civile della comunità regionale. In particolare, gli operatori economici e, in generale, tutti i portatori di interesse, basano i propri atteggiamenti e le proprie scelte sulle aspettative delle dinamiche attese nei settori economici e sociali in cui op…
Variation sur le thème 'A la recherche de nouvelles fondations pour la finance et la gouvernance d'entreprise'
2001
L'objectif de cet article est de proposer une voie alternative à celle que préconise Zingales pour donner de nouvelles fondations à la finance d'entreprise. En empruntant le même cheminement que Zingales, cet article retient premièrement une définition plus large de la finance, accordant à l'investissement une place au moins équivalente à celle du financement. Deuxièmement, considérant que la vision contractuelle, dans son interprétation traditionnelle fondée sur la protection des actifs spécifiques, conduit à une théorie financière déconnectée de toute considération productive, il propose de lui substituer les théories de la firme associées aux courants cognitifs. Troisièmement, les conséq…
Assessing the profitability of investment projects using ordered fuzzy numbers
2019
Background: This article is motivated by the fact that most approaches to capital budgeting are deterministic. In reality, the capital budgeting problem is accompanied by the uncertainty and risk associated with dealing with imprecise data. Taking this uncertainty into account when performing analyses and calculations not only helps to better measure the profitability of investment projects, but also to expand the applicability of capital budgeting methods under real-life or uncertain conditions. The major contribution of this paper is the development of a novel approach to assessing the profitability of an investment project in the presence of uncertainty. Methods: We present a novel appro…