Practical Issues with Decision Preparation of Facility Investments in the National Manufacturing Industry
DOI:
https://doi.org/10.18096/TMP.2017.02.07Keywords:
facility management, facility investments, investment decisions, economic decision-preparation process, evaluation of economic efficiencyAbstract
This study deals with a few practical issues related to preparing facility investment decisions and is based on the findings of a questionnaire survey conducted in 2016. This study discusses the length of time required to prepare economic decisions on investing in facilities, the people to be engaged in investment preparation processes and corporate practices concerning analyses of economic efficiency and ranking of projects. Survey findings show that companies spend several months preparing decisions about facility investments and involve not only owners and top management in this process, but also financiers and investment experts. A relatively high proportion of companies usually evaluate the economic efficiency and rank the investments.
References
ANDOR, GY., MOHANTY, S. K. & TÓTH, T. (2011): Capital budgeting practices: A survey of Central and Eastern European firms;. Retrieved: February 2012; http://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2011-Braga/papers/0118.pdf; DOI: http://dx.doi.org/10.1016/j.ememar.2015.04.002
ANDRÉS P., FUENTE G. & SAN MARTÍN P. (2015): Capital budgeting practices in Spain. Business Research Quarterly; 18 (1) pp. 37-56. DOI: http://dx.doi.org/10.1016/j.brq.2014.08.002
BARTA, I. (1986): A beruházások döntéselőkészítése (Preparation of Investments Decisions). Akadémiai Kiadó, Budapest
FODOR, B. (2017): A beruházási döntés-előkészítés és döntéshozatal érdek-érdekeltségi összefüggései (Interest relationships of dicision preparation and decision making of investments). In.: Torgyik, J. (ed.): Válogatott tanulmányok a társadalomtudományok köréből; IV. IRI Társadalomtudományi Konferencia; International Research Institute sro, Komárno, Slovakia; DOI: http://dx.doi.org/10.18427/iri-2017-0095
OSEMY, A. Z. Z. (2002): The Role of Accounting Information Systems in Rationalising Investment Decisions in Manufacturing Companies in Egypt; Business School, Hull University; DOI: http://dx.doi.org/10.1.1.599.5690
PIKE, R. H. (1996): A longitudinal survey on capital budgeting practices. Journal of Business Finance & Accounting, 23(1) pp. 79-92. DOI: http://dx.doi.org/10.1111/j.1468-5957.1996.tb00403.x
SANGSTER, A. (1996): Capital Investment Appraisal Techniques: A Survey of Current Usage; Journal of Business Finance & Accounting, 20 (3) pp. 307-333. DOI: http://dx.doi.org/10.1111/j.1468-5957.1993.tb00258.x
SZŰCSNÉ MARKOVICS, K. (2013): A beruházások döntés-előkészítési folyamatának és módszereinek empirikus vizsgálata a hazai feldolgozóipari vállalatok körében (Empirical research on the process and methods of preparing investment decisions in case of domestic manufacturing companies), PhD Thesis, Miskolci Egyetem
SZŰCSNÉ MARKOVICS, K. (2016): Kik készítik elő a beruházási döntéseket a magyar feldolgozóipari vállalatoknál? (Who prepares investment decisions in Hungarian manufacturing companies?) In.: Karlovitz, J. T. (ed.): Társadalom, kulturális háttér, gazdaság: IV. IRI Társadalomtudományi Konferencia; International Research Institute sro, Komárno, Slovakia; DOI: http://dx.doi.org/10.1111/10.18427/iri-2016-0002
VARGHA, J. (2001). Tartós tőkejavak a vállalati gazdálkodásban (Durable Capital Goods in Corporate Management). Miskolci Egyetemi Kiadó, Miskolc
VOS, A., VOS, E. (2000): Investment decision criteria in small New Zealand businesses. Small Enterprise Research, 8(1) pp. 44-55. DOI: http://dx.doi.org/10.5172/ser.8.1.44
Downloads
Published
How to Cite
Issue
Section
