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022 _a03128962
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHD31 AUS
100 1 _aCheng, Mandy Man-sum
_eauthor
245 1 4 _aThe impact of capital proposal guidelines and perceived preparer biases on reviewers’ investment evaluation decisions/
_ccreated by Mandy M. Cheng and Habib Mahama
264 1 _aLos Angeles :
_bSage,
_c2011.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aAustralian journal of management
_vVolume 36, number 3
520 3 _aPast 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.
650 _aInvestment appraisal techniques
_vExperimental economics
_zAustralia
700 1 _aMahama, Habib
_eco author
856 _uhttps://doi.org/10.1177/0312896211416135
942 _2lcc
_cJA
999 _c168345
_d168345