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Resource allocation in divisionalized groups : a survey of major Swedish groups

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  • Segelod, Esbjörn

Abstract

This article describes how corporate managers of major Swedish groups exert control over investment requests and the direction of the investments of their groups. Resource allocation procedures have been studied mainly by postal surveys focused on project evaluation techniques. This article applies a partly different approach as the conclusions are based on analyses of capital budgeting manuals and interviews with corporate level financial managers. This enables us to form a better image of the resource allocation system of divisionalized and multinational groups and the role of different kinds of administrative routines in their resource allocation system. Comparisons will be made with other studies of practice in U.K., U.S. and Swedish groups.

Suggested Citation

  • Segelod, Esbjörn, 1995. "Resource allocation in divisionalized groups : a survey of major Swedish groups," Working Papers 1995:3, Uppsala University, Department of Business Studies.
    • Handle: RePEc:hhb:uufewp:9503
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    File URL: https://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-2349
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    References listed on IDEAS

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    1. Tarun K. Mukherjee & Glenn V. Henderson, 1987. "The Capital Budgeting Process: Theory and Practice," Interfaces, INFORMS, vol. 17(2), pages 78-90, April.
    2. Runyon, L. R., 1983. "Capital expenditure decision making in small firms," Journal of Business Research, Elsevier, vol. 11(3), pages 389-397, September.
    3. CARLISS Y. Baldwin & Kim B. Clark, 1992. "Capabilities And Capital Investment: New Perspectives On Capital Budgeting," Journal of Applied Corporate Finance, Morgan Stanley, vol. 5(2), pages 67-82, June.
    4. Remer, Donald S. & Stokdyk, Scott B. & Van Driel, Mike, 1993. "Survey of project evaluation techniques currently used in industry," International Journal of Production Economics, Elsevier, vol. 32(1), pages 103-115, August.
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    Cited by:

    1. Daunfeldt, Sven-Olov & Hartwig, Fredrik, 2012. "What Determines the Use of Capital Budgeting Methods? Evidence from Swedish listed companies," HUI Working Papers 57, HUI Research.
    2. Ahmad N. H. Anabtawi, 2018. "The Extent of Using and Trusting Capital Budgeting Methods in Projects Appraisal in Palestinian Corporations," Modern Applied Science, Canadian Center of Science and Education, vol. 12(6), pages 151-151, June.
    3. DAMBRIN, Claire & PEZET, Anne, 2007. "Text and artefacts for creating a "World of Investment Decision-Making" : an empirical study into investment procedures," HEC Research Papers Series 865, HEC Paris.
    4. Yard, Stefan, 2000. "Developments of the payback method," International Journal of Production Economics, Elsevier, vol. 67(2), pages 155-167, September.

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