The production of strategic and financial rationales in capital investments: Judgments based on intuitive expertise

Michael Grant and Fredrik Nilsson

The British Accounting Review, 2020, vol. 52, issue 3

Abstract: This paper's aim is to examine how strategic and financial rationales are produced in strategic capital investments. Informed by literature on capital investments, strategic fit, and intuitive expertise, the study examines the production of strategic and financial rationales and how they are related. This is done by conducting a detailed case study of how these rationales are described in decision documents and how the documents were produced. The setting is an acquisition by a large, successful serial acquirer.

Keywords: Acquisition; Capital investment; Intuition; Intuitive expertise; Merger; Strategic fit (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:bracre:v:52:y:2020:i:3:s0890838919300861

DOI: 10.1016/j.bar.2019.100861

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