This paper extends the concept of investment efficiency from investment management structures to include strategic asset allocation and liability related issues. The concept of risk budgeting is developed. It represents a valuable way of incorporating risk and return information to produce more efficient investment decisions. Information ratio is a key measurement in the process, and it is conc...

Corporate investment in enterprise level IT systems has been characterised by high rates of failure. The paper presents a knowledge based perspective to examine how firms adopt and implement enterprise systems in order to better understand how organisations can achieve reliable outcomes from such investments. The case presented explores the key decision stages of a major ERP investment, focusin...

Banks have long been among the most intensive users of information technology (IT). Globalization has further accentuated banks’ reliance on IT, leading to further increase in their IT investment. It is not all that clear, however, whether these investments pay off. This case presents the complexities involved in measuring IT investment by comparing and contrasting the IT strategies of two of t...

This paper offers hypotheses and tests empirically the relationship between the objectives of foreign direct investment (FDI) policy and it results (i.e. the various types of impact of FDI and investment incentives) within a strategic fit concept. In the process, this paper demonstrates a strong correlation between specific objectives and particular incentives. Specifically, it points to a stro...

Over the past century the long-run growth of industrial economies shows a strong association between rates of investment in machinery and equipment and long-run rates of economic growth. Each one percentage point increase in the machinery investment share of national product increases national product per capita growth by approximately 0.4 percentage points per year. A number of considerations ...