Corporate resource allocation: financial, strategic and organizational perspectives
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Oxford u.a.
Blackwell
1991
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIX, 263 S. graph. Darst. |
| ISBN: | 0631145281 0631178228 |
Staff View
MARC
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| 100 | 1 | |a Tomkins, Cyril |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Corporate resource allocation |b financial, strategic and organizational perspectives |c Cyril Tomkins |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a Oxford u.a. |b Blackwell |c 1991 | |
| 300 | |a XIX, 263 S. |b graph. Darst. | ||
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| 650 | 7 | |a Strategische planning |2 gtt | |
| 650 | 4 | |a Corporations |x Finance | |
| 650 | 4 | |a Cost effectiveness | |
| 650 | 4 | |a Investment analysis | |
| 650 | 4 | |a Strategic planning | |
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Record in the Search Index
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| adam_text | Contents
List offigures xi
Preface xiii
Acknowledgements xx
1 Investment Appraisal: A Theory of Finance Perspective 1
Measuring returns from an investment 1
Assessing the relationship between risk and return for
one period investment 3
Estimating a company s beta in practice 6
How good is the CAPM at explaining investment market
behaviour? 9
Separating business risk from financial risk 13
Required rates of return from divisions and projects for
one period investments 15
Multi period discounting in the appraisal of projects 18
Other complications: cash flows after corporate taxes,
adjusting the required return for the tax benefits
from debt finance, capital allowances, subsidized
loans and inflation 20
Extra complications with foreign investment 24
A brief summary of resource allocation from the
shareholder s view based on the CAPM 28
References 30
Problems and discussion questions 31
2 Financial Modelling in Project Appraisal and its Relationship
to the Theory of Corporate Finance 35
Simple what if and goal seeking modeis to appraise
individual projects 36
Decision trees applied to individual projects 40
Monte Carlo analysis for individual projects 45
viii Contents
An evaluation of Monte Carlo analysis in investment
analysis $2
Individual projects in the context of the corporate portfolio 54
References
Problems 56
3 Financial Investment Appraisal in Practice and Influential
Accounting Procedures 73
Investment appraisal in management accounting practice
and the theory of finance 74
The influence of divisional performance measurement on
resource allocation 76
Cost behaviour analysis, product costing and resource
allocation **2
References 86
Discussion questions 88
4 Strategie Analysis and Corporate Investment: An Economic
and Marketing Emphasis 89
Strategie portfolio analysis 91
Analysing industry attractiveness and competitive strengths
and devising competitive strategies 100
An interim evaluation of the portfolio grid approach 105
References 116
Discussion questions 117
5 Towards Integrating Accounting into Strategie Analysis 119
Accounting for portfolio analysis 121
Contributing to market attractiveness and competitive
strengths analyses 122
Testing for generic strategies 123
Does widespread use of ROI lead to poor corporate
strategies? 125
Accounting and cost leadership strategies 129
Distinguishing between cost reduetion and cost measurement 138
Distinguishing between price recovery and produetivity 142
Accounting for differentiated produet strategies 146
The impact of new manufacturing methods 149
Summary 154
References 154
Discussion questions 156
Contents ix
6 Towards Integrating the Theory of Finance and Strategie
Analysis 159
The relevance of discounted cash flow calculations 159
Difficulties in measuring net cash benefits from
investment projeets 163
Can more financial rigour be incorporated into portfolio
grid analysis? 167
The cost of capital in Strategie analysis 173
Diversification and capital rationing 177
Market valuation and Strategie analysis 179
Summary 181
References 182
Discussion questions 184
7 Organizational Behaviour and Strategie Investment Decisions 185
Multi disciplinary perspectives of organizational life 185
Organizational struetures and roles 186
Beyond simple forms of rational analysis 188
Discovering and changing widely held Schemas 201
Summary 206
References 207
Discussion questions and exercises 209
8 Integrating Corporate Strategy and Organizational Approaches
to Resource Allocation 211
Towards an integration of corporate strategy and
organizational literature 211
A digression to review the problem of interdependencies in
portfolio grids given their organizational interpretation 220
References 224
Discussion questions 225
9 Financial Control in Pluralistic Organizations 227
Thoughts on risk analysis in pluralistic organizations 228
How corporate managers must be concerned with entity
risk when maximizing shareholder wealth despite
the CAPM! 234
The location of frame breaking responsibility in the
organization and its relevance to financial control: ROI
revisited, yet again! 237
The aecountant as schema reinforcer for SBUs 242
x Contents
The perpetually innovating Company: does this invalidate
the notion of set Schemas? 247
The accountant as a change manager 248
References 251
Discussion questions 252
10 Some Concluding Thoughts 255
Index 258
|
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| id | DE-604.BV005483903 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T16:30:19Z |
| institution | BVB |
| isbn | 0631145281 0631178228 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003433048 |
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| physical | XIX, 263 S. graph. Darst. |
| publishDate | 1991 |
| publishDateSearch | 1991 |
| publishDateSort | 1991 |
| publisher | Blackwell |
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| spelling | Tomkins, Cyril Verfasser aut Corporate resource allocation financial, strategic and organizational perspectives Cyril Tomkins 1. publ. Oxford u.a. Blackwell 1991 XIX, 263 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Investeringen gtt Strategische planning gtt Corporations Finance Cost effectiveness Investment analysis Strategic planning Unternehmensplanung (DE-588)4078609-2 gnd rswk-swf Strategische Planung (DE-588)4309237-8 gnd rswk-swf Finanzplanung (DE-588)4017200-4 gnd rswk-swf Investitionsplanung (DE-588)4114044-8 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Unternehmen (DE-588)4061963-1 s Finanzplanung (DE-588)4017200-4 s DE-604 Unternehmensplanung (DE-588)4078609-2 s Strategische Planung (DE-588)4309237-8 s Investitionsplanung (DE-588)4114044-8 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003433048&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Tomkins, Cyril Corporate resource allocation financial, strategic and organizational perspectives Investeringen gtt Strategische planning gtt Corporations Finance Cost effectiveness Investment analysis Strategic planning Unternehmensplanung (DE-588)4078609-2 gnd Strategische Planung (DE-588)4309237-8 gnd Finanzplanung (DE-588)4017200-4 gnd Investitionsplanung (DE-588)4114044-8 gnd Unternehmen (DE-588)4061963-1 gnd |
| subject_GND | (DE-588)4078609-2 (DE-588)4309237-8 (DE-588)4017200-4 (DE-588)4114044-8 (DE-588)4061963-1 |
| title | Corporate resource allocation financial, strategic and organizational perspectives |
| title_auth | Corporate resource allocation financial, strategic and organizational perspectives |
| title_exact_search | Corporate resource allocation financial, strategic and organizational perspectives |
| title_full | Corporate resource allocation financial, strategic and organizational perspectives Cyril Tomkins |
| title_fullStr | Corporate resource allocation financial, strategic and organizational perspectives Cyril Tomkins |
| title_full_unstemmed | Corporate resource allocation financial, strategic and organizational perspectives Cyril Tomkins |
| title_short | Corporate resource allocation |
| title_sort | corporate resource allocation financial strategic and organizational perspectives |
| title_sub | financial, strategic and organizational perspectives |
| topic | Investeringen gtt Strategische planning gtt Corporations Finance Cost effectiveness Investment analysis Strategic planning Unternehmensplanung (DE-588)4078609-2 gnd Strategische Planung (DE-588)4309237-8 gnd Finanzplanung (DE-588)4017200-4 gnd Investitionsplanung (DE-588)4114044-8 gnd Unternehmen (DE-588)4061963-1 gnd |
| topic_facet | Investeringen Strategische planning Corporations Finance Cost effectiveness Investment analysis Strategic planning Unternehmensplanung Strategische Planung Finanzplanung Investitionsplanung Unternehmen |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003433048&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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