The Practice of Investment Appraisal

This case study examines the capital budgeting practices of four companies operating in different industry. The findings indicate that most companies follow decentralised project decision-making. Despite the use of DCF techniques, there is a tendency to combine with the newly crafted value management tools, which shows a trend shift in the capital budgeting methods. In addition, firms are found trying to modify the original DFC tools so as to accommodate their needs. However, firms don't use the same technique from project inception to completion.DCF methods;project;shareholder value analysis;value management techniques;Investment appraisal

Proceedings of the Salford Postgraduate Annual Research Conference (SPARC) 2011

These proceedings bring together a selection of papers from the 2011 Salford Postgraduate Annual Research Conference(SPARC). It includes papers from PhD students in the arts and social sciences, business, computing, science and engineering, education, environment, built environment and health sciences. Contributions from Salford researchers are published here alongside papers from students at the Universities of Anglia Ruskin, Birmingham City, Chester,De Montfort, Exeter, Leeds, Liverpool, Liverpool John Moores and Manchester

Prudential regulation and banking supervision : building an institutional framework for Banks

Economic deregulation and financial liberalization are important for a country to develop a viable and robust financial system. But deregulation will remove the protections previously afforded the banking system. Increased competition, a changing price structure, new market entrants and other factors will increase the risks banks assume and the instability of the financial system. So, the government's goal to ensure the stability of the financial system is of paramount importance. Prudential regulation and supervision are designed to remove or lessen the threat of systemic instability. In addition, the safety and soundness of the banking system must be supported by an adequate legal framework governing a bank's contractual relationship with its customers. Satisfactory accounting and auditing standards are also crucial to ensure that financial statements reflect each financial institution's condition. Different countries have adopted different models of bank regulation and supervision. Organizational approaches also vary from country to country. However, no model will be effective if significant political interference is permitted. The primary line of defense against banking insolvency and financial system distress is the quality of management within the banks themselves. Therefore, efforts to strengthen the financial system must also focus on strengthening management through a process of institutional development.Banks&Banking Reform,Financial Intermediation,Financial Crisis Management&Restructuring,Banking Law,Environmental Economics&Policies

Economic and Organizational Issues in Alaska Water Quality Management

The work upon which this report (Proj. A-029-ALAS) is based was supported by funds provided by the United States Department of the Interior, Office of Water Resources Research, as authorized under the Water Resources Act of 1964

Operational dilemmas in safety-critical industries:the tension between organizational reputational concerns and the effective communication of risk

The file attached to this record is the author's final peer reviewed version.Organizations involved in safety-critical operations often deal with operational tensions especially when involved in safety-critical incidents that is likely to violate safety. In this paper, we set out to understand how the disclosures of safety-critical incidents take place in the face of reputational tension. Based on the case of the Nigerian National Petroleum Corporation (NNPC), we draw on image repair theory (IRT) and information manipulation theory (IMT) and adopt discourse analysis as a method of analysing safety-critical incident press releases and reports from the NNPC. We found NNPC deploying image repair as part of incident disclosures to deflect attention, evade blame and avoid issuing apologies. This is supported by the by violation of the conversational maxims. The paper provides a theoretical model for discursively assessing the practices of incident information disclosure by an organization in the face of reputational tension, and further assesses the risk communication implications of such practices