Publicação
Non-financial analysis in project appraisal – an empirical study
| Resumo: | Recent literature has been emphasising the need to take both financial and nonfinancial aspects into consideration when considering capital budgeting decisions. This is to be done since the early stages of project appraisal, and not only when risks become reality. We wanted to know to what extent portuguese companies are aware of the importance of non financial aspects at their project appraisal processes, and, in their practices, what exactly they are doing and considering as more or less important. We looked at financial, strategic, technical, commercial, political, social, environmental, organizational, human resources and project manager factors, and we asked firms: What are the non financial aspects most relevant in their project’s decision?; What are the risk factors considered in each area of analysis?; What procedures they used to minimize the project’s non financial risks?. This allowed us not only to trace the anatomy of Portuguese’s project appraisal methodologies, but also to contribute, through this empirical study, to the body of knowledge in this area. This work also allowed us to differentiate the importance of the different areas of analysis, and the way the analysis is done, according to the characteristics of company and project, company’s administration and project manager. |
|---|---|
| Autores principais: | Moutinho, Nuno |
| Outros Autores: | Lopes, M.D.S. |
| Assunto: | Investment projects Evaluation Non-financial analysis |
| Ano: | 2011 |
| País: | Portugal |
| Tipo de documento: | comunicação em conferência |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Instituto Politécnico de Bragança |
| Idioma: | inglês |
| Origem: | Biblioteca Digital do IPB |
| _version_ | 1867173318792052736 |
|---|---|
| author | Moutinho, Nuno |
| author2 | Lopes, M.D.S. |
| author2_role | author |
| author_facet | Moutinho, Nuno Lopes, M.D.S. |
| author_role | author |
| contributor_name_str_mv | Biblioteca Digital do IPB |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Moutinho, Nuno\",\"Person.identifier.orcid\":\"0000-0002-9242-8324\"},{\"Person.name\":\"Lopes, M.D.S.\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Biblioteca Digital do IPB |
| datacite.creators.creator.creatorName.fl_str_mv | Moutinho, Nuno Lopes, M.D.S. |
| datacite.date.Accepted.fl_str_mv | 2011-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2011-07-04T10:07:54Z |
| datacite.date.embargoed.fl_str_mv | 2011-07-04T10:07:54Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Investment projects Evaluation Non-financial analysis |
| datacite.titles.title.fl_str_mv | Non-financial analysis in project appraisal – an empirical study |
| dc.contributor.none.fl_str_mv | Biblioteca Digital do IPB |
| dc.creator.none.fl_str_mv | Moutinho, Nuno Lopes, M.D.S. |
| dc.date.Accepted.fl_str_mv | 2011-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2011-07-04T10:07:54Z |
| dc.date.embargoed.fl_str_mv | 2011-07-04T10:07:54Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10198/5685 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | European Financial Management Association |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Investment projects Evaluation Non-financial analysis |
| dc.title.fl_str_mv | Non-financial analysis in project appraisal – an empirical study |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_5794 |
| description | Recent literature has been emphasising the need to take both financial and nonfinancial aspects into consideration when considering capital budgeting decisions. This is to be done since the early stages of project appraisal, and not only when risks become reality. We wanted to know to what extent portuguese companies are aware of the importance of non financial aspects at their project appraisal processes, and, in their practices, what exactly they are doing and considering as more or less important. We looked at financial, strategic, technical, commercial, political, social, environmental, organizational, human resources and project manager factors, and we asked firms: What are the non financial aspects most relevant in their project’s decision?; What are the risk factors considered in each area of analysis?; What procedures they used to minimize the project’s non financial risks?. This allowed us not only to trace the anatomy of Portuguese’s project appraisal methodologies, but also to contribute, through this empirical study, to the body of knowledge in this area. This work also allowed us to differentiate the importance of the different areas of analysis, and the way the analysis is done, according to the characteristics of company and project, company’s administration and project manager. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | conferencePaper |
| fulltext.url.fl_str_mv | https://bibliotecadigital.ipb.pt/bitstreams/fa44bf7e-f46d-444c-86aa-a0d58720b96c/download |
| id | ipb_80dc9eb94d93fb84e0fcde5f4e2e13ff |
| identifier.url.fl_str_mv | http://hdl.handle.net/10198/5685 |
| instacron_str | ipb |
| institution | Instituto Politécnico de Bragança |
| instname_str | Instituto Politécnico de Bragança |
| language | eng |
| network_acronym_str | ipb |
| network_name_str | Biblioteca Digital do IPB |
| oai_identifier_str | oai:bibliotecadigital.ipb.pt:10198/5685 |
| organization_str_mv | urn:organizationAcronym:ipb |
| person_str_mv | Moutinho, Nuno Moutinho, Nuno https://www.ciencia-id.pt/CA1B-4924-2BBA CA1B-4924-2BBA http://orcid.org/0000-0002-9242-8324 0000-0002-9242-8324 Lopes, M.D.S. |
| publishDate | 2011 |
| publisher.none.fl_str_mv | European Financial Management Association |
| reponame_str | Biblioteca Digital do IPB |
| repository_id_str | urn:repositoryAcronym:ipb |
| service_str_mv | urn:repositoryAcronym:ipb |
| spelling | engEuropean Financial Management AssociationporRecent literature has been emphasising the need to take both financial and nonfinancial aspects into consideration when considering capital budgeting decisions. This is to be done since the early stages of project appraisal, and not only when risks become reality. We wanted to know to what extent portuguese companies are aware of the importance of non financial aspects at their project appraisal processes, and, in their practices, what exactly they are doing and considering as more or less important. We looked at financial, strategic, technical, commercial, political, social, environmental, organizational, human resources and project manager factors, and we asked firms: What are the non financial aspects most relevant in their project’s decision?; What are the risk factors considered in each area of analysis?; What procedures they used to minimize the project’s non financial risks?. This allowed us not only to trace the anatomy of Portuguese’s project appraisal methodologies, but also to contribute, through this empirical study, to the body of knowledge in this area. This work also allowed us to differentiate the importance of the different areas of analysis, and the way the analysis is done, according to the characteristics of company and project, company’s administration and project manager.application/pdfporNon-financial analysis in project appraisal – an empirical studyPersonalMoutinho, NunoDSpacehttp://dspace.org/items/66a63650-20a8-4110-a9f7-7f45fa84c14bDSpacehttp://dspace.org/items/66a63650-20a8-4110-a9f7-7f45fa84c14bMoutinhoNunoCiência IDhttps://www.ciencia-id.ptCA1B-4924-2BBAORCIDhttp://orcid.org0000-0002-9242-8324Scopus Author IDhttps://www.scopus.com57742333300Lopes, M.D.S.HostingInstitutionOrganizationalBiblioteca Digital do IPBe-mailmailto:dspace@ipb.ptdspace@ipb.pt2011-07-04T10:07:54Z20112011-01-01T00:00:00ZHandlehttp://hdl.handle.net/10198/5685http://purl.org/coar/access_right/c_abf2open accessInvestment projectsEvaluationNon-financial analysis666113 bytesother research producthttp://purl.org/coar/resource_type/c_5794conference paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://bibliotecadigital.ipb.pt/bitstreams/fa44bf7e-f46d-444c-86aa-a0d58720b96c/download2011European Financial Management Association Annual ConferenceBraga, Portugal |
| spellingShingle | Non-financial analysis in project appraisal – an empirical study Moutinho, Nuno Investment projects Evaluation Non-financial analysis |
| status | SINGLETON |
| subject.fl_str_mv | Investment projects Evaluation Non-financial analysis |
| title | Non-financial analysis in project appraisal – an empirical study |
| title_full | Non-financial analysis in project appraisal – an empirical study |
| title_fullStr | Non-financial analysis in project appraisal – an empirical study |
| title_full_unstemmed | Non-financial analysis in project appraisal – an empirical study |
| title_short | Non-financial analysis in project appraisal – an empirical study |
| title_sort | Non-financial analysis in project appraisal – an empirical study |
| topic | Investment projects Evaluation Non-financial analysis |
| topic_facet | Investment projects Evaluation Non-financial analysis |
| url | http://hdl.handle.net/10198/5685 |
| visible | 1 |