Managerial Judgement and Strategic Investment Decisions

Managerial Judgement and Strategic Investment Decisions

1st Edition - August 13, 2009

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  • Authors: Elaine Harris, Clive Emmanuel, Samuel Komakech
  • eBook ISBN: 9781856178976

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This book presents the findings from a cross-sectional survey funded by CIMA. The project aimed to survey senior management accountants working across a range of organisations and industries with a unique focus on the behavioural side of decision making, the use of managerial judgement. Previous capital budgeting surveys have tended to focus on the quantitative evaluation tools and techniques used for project appraisal. This study was broader in that it asked about every stage of the strategic investment decision (SID) process, from initiation to post implementation review, and how different managers were involved at different stages of the process. The focus is on how decision judgements are reached.

Key Features

  • Explains Strategic Investment Decisions (SIDs) clearly to management accountants who are expected to be involved in decision making processes
  • Covers all stages of the SID process, the types of SID and how multiple managers participate in the process
  • Will help organisations benchmark their own SID practice


Academics and students in the field of Managerial Judgement and SIDS. Practitioners in the field, especially those being introduced to the subject area for the first time. Trainee accountants and recently qualified accountants (this report was recommended as a mandatory reading to these two groups by one of the reviewers)

Table of Contents

  • 1. Strategic Investment Decisions (SIDs): Introduction; explanation of context; the stages of SID process; the types of SID; multiple manager participation in the process; the role of managerial judgement in SIDs
    2. Managerial Judgement: Managers’ strategic cognition and psychological concepts; Heuristics; Framing of propositions; Collective decision making and socio-political process; Consensus
    3. Survey Design: The analytic survey questionnaire; The sample and distribution of the questionnaire; Respondents; Data analysis
    4. Survey Analysis; Respondent profiles; Types of SID; Stages in the SID process; Nature of the SID process; Managerial involvement; Psychological and group processes
    5. Summary of Findings and Implications: Summary of main findings; Implications for management accounting literature; Implications for management accountants; Implications for management of organizations; Implications for stakeholders in organizations
    Appendix 1 Questionnaire
    Appendix 2 Summary of survey responses
    Appendix 3 Further statistical tables
    Appendix 4 Case Studies

Product details

  • No. of pages: 128
  • Language: English
  • Copyright: © CIMA Publishing 2009
  • Published: August 13, 2009
  • Imprint: CIMA Publishing
  • eBook ISBN: 9781856178976

About the Authors

Elaine Harris

Professor Elaine P Harris is Professor and Head of Department of Accounting and Finance and Head of Leicester Business School’s Graduate Centre at De Montfort University. She is currently Chair of the Committee of Heads of Accounting (CHA), and a member of CIMA’s Education Board. Her research interests are in project risk assessment and decision making. She is guest editor of the International Journal of Risk Assessment and Management and managing editor (special issues) of The Journal of Applied Accounting Research.

Affiliations and Expertise

Professor and Head of Department of Accounting and Finance and Head of Leicester Business School’s Graduate Centre at De Montfort University

Clive Emmanuel

Professor Clive R. Emmanuel is Professor of Accounting and Finance at the University of Glasgow. He is currently joint editor of the British Accounting Review.

His research interests are in management control, transfer pricing, and capital budgeting. He has published extensively in UK and international journals.

Affiliations and Expertise

Department of Accounting and Finance, University of Glasgow

Samuel Komakech

Samuel Komakech is Lecturer in Accounting and Finance at De Montfort University and worked as the research assistant on this CIMA-funded project, while studying for his PhD. He has worked in Uganda as a tax consultant for KPMG and teaches management accounting. His research interests are in activity based costing and capital budgeting.

Affiliations and Expertise

Lecturer in Accounting and Finance at De Montfort University

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