Evaluating potential investments in new technologies: Balancing assessments of potential benefits with assessments of potential disbenefits, reliability and utilization

    Research output: Contribution to journalArticleScientificpeer-review

    15 Citations (Scopus)

    Abstract

    In recent years, the assessment of intangible benefits has become an explicit requirement of investment evaluation techniques. By contrast, assessments of three factors which can prevent the realization of any benefits have not become an explicit requirement. Those three factors are disbenefits, reliability and utilization. The importance of these factors may sometimes be identified prior to investment evaluation when exploratory methods such as contingency planning are used. However, evidence presented in this paper suggests that these three factors are often overlooked. Further, the evidence presented in this paper suggests that investment performance often suffers as a result. Accordingly, it is argued that investment evaluations need to be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement. This argument is supported by reporting of experiences from action research. These experiences indicate that investment evaluations can be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement.

    Original languageEnglish
    Pages (from-to)1197-1218
    Number of pages22
    JournalCritical Perspectives on Accounting
    Volume19
    Issue number8
    DOIs
    Publication statusPublished - 1 Dec 2008
    MoE publication typeNot Eligible

    Fingerprint

    new technology
    utilization
    evaluation
    contingency
    action research
    evidence
    experience
    Factors
    Investment evaluation
    planning
    performance

    Keywords

    • Disbenefits
    • Investment evaluation techniques
    • Reliability
    • Utilization

    Cite this

    @article{ef353656f1c94401b782ea6bd7513317,
    title = "Evaluating potential investments in new technologies: Balancing assessments of potential benefits with assessments of potential disbenefits, reliability and utilization",
    abstract = "In recent years, the assessment of intangible benefits has become an explicit requirement of investment evaluation techniques. By contrast, assessments of three factors which can prevent the realization of any benefits have not become an explicit requirement. Those three factors are disbenefits, reliability and utilization. The importance of these factors may sometimes be identified prior to investment evaluation when exploratory methods such as contingency planning are used. However, evidence presented in this paper suggests that these three factors are often overlooked. Further, the evidence presented in this paper suggests that investment performance often suffers as a result. Accordingly, it is argued that investment evaluations need to be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement. This argument is supported by reporting of experiences from action research. These experiences indicate that investment evaluations can be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement.",
    keywords = "Disbenefits, Investment evaluation techniques, Reliability, Utilization",
    author = "Stephen Fox",
    year = "2008",
    month = "12",
    day = "1",
    doi = "10.1016/j.cpa.2007.11.002",
    language = "English",
    volume = "19",
    pages = "1197--1218",
    journal = "Critical Perspectives on Accounting",
    issn = "1045-2354",
    publisher = "Academic Press",
    number = "8",

    }

    TY - JOUR

    T1 - Evaluating potential investments in new technologies

    T2 - Balancing assessments of potential benefits with assessments of potential disbenefits, reliability and utilization

    AU - Fox, Stephen

    PY - 2008/12/1

    Y1 - 2008/12/1

    N2 - In recent years, the assessment of intangible benefits has become an explicit requirement of investment evaluation techniques. By contrast, assessments of three factors which can prevent the realization of any benefits have not become an explicit requirement. Those three factors are disbenefits, reliability and utilization. The importance of these factors may sometimes be identified prior to investment evaluation when exploratory methods such as contingency planning are used. However, evidence presented in this paper suggests that these three factors are often overlooked. Further, the evidence presented in this paper suggests that investment performance often suffers as a result. Accordingly, it is argued that investment evaluations need to be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement. This argument is supported by reporting of experiences from action research. These experiences indicate that investment evaluations can be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement.

    AB - In recent years, the assessment of intangible benefits has become an explicit requirement of investment evaluation techniques. By contrast, assessments of three factors which can prevent the realization of any benefits have not become an explicit requirement. Those three factors are disbenefits, reliability and utilization. The importance of these factors may sometimes be identified prior to investment evaluation when exploratory methods such as contingency planning are used. However, evidence presented in this paper suggests that these three factors are often overlooked. Further, the evidence presented in this paper suggests that investment performance often suffers as a result. Accordingly, it is argued that investment evaluations need to be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement. This argument is supported by reporting of experiences from action research. These experiences indicate that investment evaluations can be balanced by making assessments of disbenefits, reliability and utilization an explicit requirement.

    KW - Disbenefits

    KW - Investment evaluation techniques

    KW - Reliability

    KW - Utilization

    UR - http://www.scopus.com/inward/record.url?scp=55549092076&partnerID=8YFLogxK

    U2 - 10.1016/j.cpa.2007.11.002

    DO - 10.1016/j.cpa.2007.11.002

    M3 - Article

    AN - SCOPUS:55549092076

    VL - 19

    SP - 1197

    EP - 1218

    JO - Critical Perspectives on Accounting

    JF - Critical Perspectives on Accounting

    SN - 1045-2354

    IS - 8

    ER -