scholarly journals A Comparative Survey Of Capital Investment Decision Practices In The United States And The United Kingdom

Author(s):  
Thomas Klammer ◽  
Neil Wilner ◽  
Jan Smolarski

Capital expenditures can be crucial to firms long-term success, especially in a complex global environment. As companies increasingly compete in the global market place, it is important to study project evaluation processes from an international perspective. Capital investments involve substantial monetary commitments and risks that affect long-term firm profitability and influence capital allocation decisions in the future. Survey research in the area of capital expenditure analysis has been extensively done in both the United States [US] and the United Kingdom [UK]. This research is the first comparative survey of practices in both countries that we are aware of. A direct comparison of the use of project evaluation, management science, and risk management techniques in the two countries is made. The survey instrument used is an adaptation of the Klammer [1970] instrument that has been used repeatedly in surveys of American firms. This is the first time that it has been applied to British firms. The use of a common instrument allows for more meaningful comparisons. The samples consisted of 127 American and 59 British firms with sales of at least $100 million and capital expenditures of at least $10 million. Preliminary results indicate a continued extensive use of discounted cash flow techniques by US firms. Techniques such as payback or urgency continue to be used, but to a lesser degree than discounting. Firms in the UK also make extensive use of discounting but do so to a lesser degree than their American counterparts. Payback is widely used in the UK. Risk management techniques are widely used in both countries, with sensitivity analysis being the most popular technique in both countries. Extensive use of technical and administrative procedures, such as detailed budgets, standardized forms and post-audits, are evidenced in both countries. The paper offers reasons that have to do with organizational structure and form, as well as market differences, to explain our results.

Author(s):  
Eva N. Redvall

The chapter explores the successful meeting of “mainstream trends” and “masterpiece traditions” in the commissioning and production of Downton Abbey (2010–2015), and the way in which this “postheritage drama” marks a significant transatlantic encounter between different broadcasting cultures and storytelling traditions. Drawing on recent research on the special relationship between the United Kingdom and the United States in television drama, the analysis first details how this period drama became a collaboration between the commercial UK broadcaster ITV and the American PBS station WGBH and its Masterpiece series. The chapter then investigates how the long-form narrative with soap opera elements was designed to tap into the UK tradition of heritage drama, while drawing on the speed and storytelling style of US television series. The chapter closes with a discussion of Downton Abbey’s production story in relation to the series’ remarkable popularity in the United Kingdom, the United States, and beyond.


1988 ◽  
Vol 15 (4) ◽  
pp. 281-286 ◽  
Author(s):  
K. D. O'Brien ◽  
W. C. Shaw

The role of dental and orthodontic auxiliaries in Europe and the United States is reviewed, and the advantages of their employment in the United Kingdom are discussed in terms of increasing the cost-effectiveness of orthodontic treatment provision. A three-stage programme for the evaluation of Orthodontic Auxiliaries in the UK is proposed.


2007 ◽  
Vol 8 (3) ◽  
pp. 221-237 ◽  
Author(s):  
Laura Williamson ◽  
Sheila McLean ◽  
Judith Connell

In the United Kingdom there is a growing conviction that CECs have an important role to play in helping health care professionals address ethical dilemmas. For example, the Royal College of Physicians, the Nuffield Trust and the unofficial Clinical Ethics Network, which has received financial support from the Department of Health, commend the use of CECs in the UK. The growth of such committees has been influenced by the legal and policy support they have received in the United States. However, there is increasing concern about both the benefits and the quality of work produced by CECs. In addition, despite the rapid increase in the number of CECs in the UK, outside of the United States they remain under-researched and no formal mechanism exists to assess their performance. As a result we know little about the structure, function, impact and effectiveness of CECs. We are currently conducting a research project funded by the Wellcome Trust that seeks to interrogate the competing claims regarding the benefits and disbenefits of CECs. This initial account of our research provides a detailed analysis of theoretical issues that surround the development and use of CECs and points towards the questions that lie at the heart of the social science strand of our project.


2017 ◽  
Vol 19 (3) ◽  
pp. 558-572 ◽  
Author(s):  
Wyn Rees

The Obama administration played a surprisingly interventionist role in the UK referendum on membership of the European Union (EU), arguing that a vote to leave would damage European security. Yet this article contends that US attitudes towards the EU as a security actor, and the part played within it by the United Kingdom, have been much more complex than the United States has sought to portray. While it has spoken the language of partnership, it has acted as if the EU has been a problem for US policy. The United Kingdom was used as part of the mechanism for managing that problem. In doing so, America contributed, albeit inadvertently, to the Brexit result. With the aid of contrasting theoretical perspectives from Realism and Institutionalism, this article explores how America’s security relationship with the United Kingdom has helped to engineer a security situation that the United States wanted to avoid.


This chapter offers the first account of the beginning of subtitling in the United Kingdom and in the United States. The release of foreign-language films with superimposed English titles began in both countries in the course of 1931, and became generalised in 1932. The chapter discusses early experiments in titling, including the use of interpolated titles after the fashion of silent films. It also raises a number of methodological problems, including the difficulty of interpretation of press data. This difficulty means that as yet we have only a provisional picture of early subtitling practices in the UK and USA, and for several of these early subtitled versions the nature and extent of the titling is not known. The chapter also discusses the question of survival of the material artefacts of these subtitled versions.


Author(s):  
D L Tolley ◽  
G J Fowler

This paper examines the impact of the Public Utilities Regulatory Policies Act (PURPA) in the United States and the Energy Act 1983 in the United Kingdom on the nature of the purchase tariffs for co-generators and combined heat and power (CHP) plant, and considers the reasons why the prospects for investment by private generators might be enhanced in the United States.


2010 ◽  
Vol 2 (5) ◽  
Author(s):  
Kate Roth

Universities and Colleges are utilizing virtual worlds such as Secondlife in increasing numbers worldwide. Virtual Worlds also contribute to access to knowledge and the economic development of countries. The capacity for continued utilization and development of virtual worlds is influenced by government policy and investment.   The worldwide performance index of Information and Communication Technology (ICT) is the Network Readiness Index (NRI) of the World Economic Forum. This paper compares and contrasts the performance of the United States (US), the United Kingdom (UK) and Australia since 2006.   This paper then provides a comparison of the UK, US and the Australian government ICT policies and expenditure, as well as each governments approach to cyber-security and Virtual Worlds. The US and the UK have embraced virtual world technologies and Australia has ignored the opportunities presented by Virtual Worlds. 


1980 ◽  
Vol 91 ◽  
pp. 8-26

The United Kingdom economy remained almost stagnant in 1979 with GDP being only 0.6 per cent higher than in 1978. Not only is this a dismal end to a generally depressed period of seven years but the outlook for the beginning of the 1980s is even worse, as we discuss in chapter II on the home economy. In comparison with the United States, Japan, West Germany, France and the OECD countries as a whole the UK performance has been slow, as is clear from chart I. However if similar comparisons with the other countries had been made in 1969 or 1959 the UK performance would also have been seen to be relatively slow. This picture of a stagnant aggregate economy in 1979 covers up an underlying picture of considerable fluctuation in the components of the economy.


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