TY  - BOOK
AU  - Cheng,Mandy Man-sum
AU  - Mahama,Habib
TI  - The impact of capital proposal guidelines and perceived preparer biases on reviewers’ investment evaluation decisions
SN  - 03128962
AV  - HD31 AUS 
PY  - 2011///
CY  - Los Angeles
PB  - Sage
KW  - Investment appraisal techniques
KW  - Experimental economics
KW  - Australia
N2  - Past literature has highlighted the importance of using reviewers in the evaluation of investment proposals. This study examines whether and how the decisions of these reviewers are influenced by a proposal’s conformance with company guidelines and practices, and the incentives facing the proposal preparer. Our experiment shows that, holding the proposal’s content constant, the reviewers’ evaluation decision is less favourable if the proposal does not follow the company guidelines. Further, we find that the preparer’s incentive to persist in a project negatively affects the proposal reviewers’ decisions only when the proposal deviates from company guidelines but not when it is compliant. This result suggests that company guidelines may lower the willingness of reviewers to make independent decisions
UR  - https://doi.org/10.1177/0312896211416135
ER  -