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dc.contributor.authorGuilding, Christopheren_US
dc.contributor.editorM Bromwich, R W Scapensen_US
dc.date.accessioned2017-05-03T13:20:31Z
dc.date.available2017-05-03T13:20:31Z
dc.date.issued2003en_US
dc.date.modified2009-11-13T06:37:01Z
dc.identifier.issn10445005en_US
dc.identifier.doi10.1016/S1044-5005(03)00049-0en_AU
dc.identifier.urihttp://hdl.handle.net/10072/6460
dc.description.abstractThe findings of a field study concerned with appraising capital budgeting process implications arising from different owner/operator structures employed in the hotel industry are reported. Dimensions of conflict that can arise between hotel operators and owners are examined. Consistent with expectations motivated by agency theory, data collected suggest that capital budgeting systems in hotels operating under a divorced owner/operator structure exhibit more formalisation and a greater propensity for investment proposal cash forecast biasing. These findings suggest a degree of dysfunctionalism associated with the divorced/owner operator structure widely adopted in the hotel industry.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent124491 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherAcademic Pressen_US
dc.publisher.placeUnited Kingdomen_US
dc.publisher.urihttp://www.elsevier.com/wps/find/journaldescription.cws_home/622911/description#descriptionen_AU
dc.relation.ispartofpagefrom179en_US
dc.relation.ispartofpageto199en_US
dc.relation.ispartofedition2003en_US
dc.relation.ispartofjournalManagement Accounting Researchen_US
dc.relation.ispartofvolume14en_US
dc.subject.fieldofresearchcode350102en_US
dc.titleHotel owner / operator structures: implications for capital budgeting processen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.rights.copyrightCopyright 2003 Elsevier. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_AU
gro.date.issued2003
gro.hasfulltextFull Text


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