Investment Selection in Complex Multinational Projects

Project executives believe complex multinational investment selection is complicated because there are many criteria to evaluate and the decision-making theories are difficult to implement in practice. The 2008 global recession has forced companies to rebalance existing programs and products. Thus, project selection is not merely a go/no-go decision for a single project but instead it is a multiple-criteria factor analysis of multiple new proposals – and whether to continue existing projects. Different selection approaches can produce opposite outcomes when applied to the same situation. Qualitative techniques such as managerial preferences or Delphi consensus building are subjective. Objective quantitative methods such as Markov analysis, linear programming and search heuristics are grounded on rigorous calculus theory, but they produce a single result (not priorities). Also, quantitative techniques may omit important managerial insight. This study demonstrates how qualitative and quantitative selection techniques can be combined for complex multinational investment decision making at a Virginia-USA-based coal mine company that generates electricity.

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Role of personal values in investment decisions

Management Research Review ◽

10.1108/mrr-01-2015-0015 ◽

2016 ◽

Vol 39 (8) ◽

pp. 940-964 ◽

Cited By ~ 5

Author(s):

Otuo Serebour Agyemang ◽

Abraham Ansong

Keyword(s):

Decision Making ◽

Corporate Governance ◽

Quantitative Methods ◽

Investment Decision ◽

Personal Values ◽

Investment Decisions ◽

Content Type ◽

Investment Decision Making ◽

Recent Emergence ◽

Decision Making Processes

Purpose This paper aims to examine the role personal values play in investment decision-making processes among Ghanaian shareholders. Design/methodology/approach In consequence of the recent emergence of the issue of corporate governance practices in Ghana, and the kind of the research objective of this paper, a mix of qualitative and quantitative methods was used. These methods were used in two stages. The first stage was qualitative, which purposively selected 20 individual shareholders to solicit their perspectives on how personal values influence investment decisions. Their responses were used to construct the content of this enquiry. The second stage, which was quantitative, used stratified sampling technique to select 503 individual shareholders to confirm the responses obtained from stage one of the enquiry. Findings The findings of the study reveal that individual shareholders in Ghana hold value priorities and that honesty, a comfortable life and family security play a significant role in their lives and their investment decision-making processes, and the kind of companies they choose to invest in. Also, to Ghanaian individual shareholders, there is a clear distinction between a comfortable life and a prosperous life in the sense that they are not incentivized more by the latter but by the former in their investment decisions. Practical implications The results can inform corporate directors and managers what values are considered in investment decisions, and that it is not purely financial. With these results, they can be informed that while some financial values are important, it is just to live a comfortable life and not a prosperous life. This may influence these directors and managers to have a more long-run focus and to have more of a corporate social responsibility (CSR) focus by putting implementable measures in place to tackle corporate responsibility issues and to take up a responsibility for their CSR feat. Also, the results can be used for public policy in that if regulators find out that more CSR-type information is important to investors, they might require additional CSR-type disclosures in financial statements. Originality/value This paper contributes to the knowledge on the stakeholder perspective of corporate governance that individual shareholders’ personal values have influence on their investment decisions and the choice of companies they invest in.

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The Evaluation of the Contractor’s Risk in Implementing the Investment Projects in Construction by Using the Verbal Analysis Methods

Sustainability ◽

10.3390/su11092660 ◽

2019 ◽

Vol 11 (9) ◽

pp. 2660 ◽

Cited By ~ 2

Author(s):

Galina Shevchenko ◽

Leonas Ustinovichius ◽

Dariusz Walasek

Keyword(s):

Decision Making ◽

Influencing Factors ◽

Investment Decision ◽

Investment Projects ◽

Qualitative And Quantitative ◽

Construction Companies ◽

Analysis Methods ◽

Investment Decision Making ◽

Verbal Analysis ◽

Potential Profit

The growth of the company’s investment potential is closely associated with the evaluation of the attendant risks of the process, various influencing factors, and the expected results. Therefore, the analysis of a number of qualitative and quantitative criteria of the projects and risks, as well as the potential profit-making opportunities in the investment decision making is required. This paper analyzes a decision-making strategy based on qualitative estimates obtained by investigating the risks posed, the management methods used, and the application of the proposed methods for assessing the contractor’s risk in construction companies.

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