Show simple item record

dc.contributor.authorJ. Turner, Michael
dc.contributor.authorGuilding, Christopher
dc.date.accessioned2017-05-03T13:20:27Z
dc.date.available2017-05-03T13:20:27Z
dc.date.issued2012
dc.date.modified2014-02-03T04:35:20Z
dc.identifier.issn00014788
dc.identifier.doi10.1080/00014788.2012.670405
dc.identifier.urihttp://hdl.handle.net/10072/48264
dc.description.abstractThis study contributes to a neglected aspect of the capital budgeting process, namely, the proposal development stage, which is primarily concerned with project cash flow estimation. Given that the deployment of sophisticated selection techniques is severely undermined when directed to input data suffering from bias, it is surprising that minimal empirical research has sought to explore for antecedent factors associated with biasing of capital budgeting cash flow forecasts. This paper reports the findings of a survey concerned with determining factors associated with biasing of capital budget cash flow forecasts in hotels that are mediated by a management contract. Statistically significant support is provided for the view that higher levels of biasing of capital budget cash flow forecasts occur in the presence of: high emphasis attached to the payback investment appraisal method; deficient reserve funds for furniture, fittings, and equipment (FF&E); low operator accessibility to reserve funds for FF&E; shorter periods of time to management contract expiry; and high emphasis attached to non-financial factors in capital budgeting appraisal.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent372165 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoen_US
dc.publisherRoutledge
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom519
dc.relation.ispartofpageto545
dc.relation.ispartofissue5
dc.relation.ispartofjournalAccounting and Business Research
dc.relation.ispartofvolume42
dc.rights.retentionY
dc.subject.fieldofresearchAccounting, Auditing and Accountability not elsewhere classified
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchcode150199
dc.subject.fieldofresearchcode1501
dc.titleFactors affecting biasing of capital budgeting cash flow forecasts: evidence from the hotel industry
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.rights.copyright© 2012 Routledge, Taylor & Francis. This is an electronic version of an article published in Accounting and Business Research, Volume 42, Issue 5, 2012, Pages 519-545. Accounting and Business Research is available online at: http://www.tandfonline.com with the open URL of your article.
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorGuilding, Christopher J.


Files in this item

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record