The impact of capital proposal guidelines and perceived preparer biases on reviewers' investment evaluation decisions
Past literature has highlighted the importance of using reviewers in the evaluation of investment proposals. This study examines whether and how the decisions of these reviewers are influenced by a proposal's conformance with company guidelines and practices, and the incentives facing the proposal preparer. Our experiment shows that, holding the proposal's content constant, the reviewers' evaluation decision is less favourable if the proposal does not follow the company guidelines. Further, we...[Show more]
|Collections||ANU Research Publications|
|Source:||Australian Journal of Management|
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