This chapter provides a historical appraisal of the development of current capital budgeting
practices and reviews capital budgeting academic research. In the late eighteenth and early …

Escalation of commitment to a failing course of action is an enduring problem that remains
central to the study of managerial behavior. Prior research suggests that escalation behavior …

The results of prior research suggest that national accounting systems are significantly
associated with differences in market valuations and various other macromeasures. These …

Abstract Previous North American research suggests that aspects of agency theory and
prospect theory may explain decisions to escalate commitment to failing projects. This study …

Information technology (IT) a common and costly problem. While much is known about the
factors that promote escalation behavior, little is known about the actual escalation process …

In the current era of intensifying competition and globalization, two increasingly important
management issues are how to ensure timely responses to threats and opportunities, and …

The purposes of this study are to explore framing effects in a managerial accounting
decision context and to test the explanatory power of prospect theory and two competing …

In order to test for hypothesized effects of national culture on management control systems
with a cost-effective sample size, most cross-cultural studies rely on large differences in …

Considerable research has found that group decisions are either more or less risky as
compared to previous decisions made by individual group members. This study proposes …

This study tests the cross-cultural sensitivity of three determinants of escalation of
commitment: agency conditions, negative framing, and self-justification. A multiple-case …