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

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  • Grant, Michael
  • Nilsson, Fredrik

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.

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  • Grant, Michael & Nilsson, Fredrik, 2020. "The production of strategic and financial rationales in capital investments: Judgments based on intuitive expertise," The British Accounting Review, Elsevier, vol. 52(3).
    • Handle: RePEc:eee:bracre:v:52:y:2020:i:3:s0890838919300861
    DOI: 10.1016/j.bar.2019.100861
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    Cited by:

    1. Grant, Michael & Nilsson, Fredrik & Nordvall, Anna-Carin, 2022. "Pre-merger acquisition capabilities: A study of two successful serial acquirers," European Management Journal, Elsevier, vol. 40(6), pages 932-942.

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