Pre-decision control mechanisms of strategic investment decision - A multiple case study on the application and dynamism of pre-decision controls in Swedish real estate companies
(2023) BUSN79 20231Department of Business Administration
- Abstract
- Summary
Title - Pre-decision control mechanisms of strategic investment decision - A multiple case study on the application and dynamism of pre-decision controls in Swedish real estate companies
Hand-In Date - 28 May 2023
Seminar date - 31 May 2023
Course - BUSN79 Degree Project: Accounting and Finance
Authors - Thomas Lo & Yumeng Guo
Advisor - Anders Anell
Five Keywords - Strategic investment decision (SID), Pre-decision control, Commercial real estate, Property investment, Uncertainty
Purpose - The purpose of this study is to investigate how pre-decision control mechanisms are applied in strategic investment decisions, and what contextual factors could influence the pre-decision control mechanisms. To fufill the... (More) - Summary
Title - Pre-decision control mechanisms of strategic investment decision - A multiple case study on the application and dynamism of pre-decision controls in Swedish real estate companies
Hand-In Date - 28 May 2023
Seminar date - 31 May 2023
Course - BUSN79 Degree Project: Accounting and Finance
Authors - Thomas Lo & Yumeng Guo
Advisor - Anders Anell
Five Keywords - Strategic investment decision (SID), Pre-decision control, Commercial real estate, Property investment, Uncertainty
Purpose - The purpose of this study is to investigate how pre-decision control mechanisms are applied in strategic investment decisions, and what contextual factors could influence the pre-decision control mechanisms. To fufill the purpose, the study examined the use of pre-decision controls in different strategic investment decision processes and the relationship between contextual factors and the dimensions of applied pre-decision controls, with a main focus on current increasing uncertainty.
Methodology - We follow a multiple case study approach where empirical data is gathered from five Swedish commercial real estate companies by conducting semi-structured interviews.
Theoretical perspectives - The theoretical framework of this study has four dimensions: (i) The definition, characteristics, and process of SID/SIDM (e.g. Harris,1999; Alkaraan & Northcott, 2007; Northcott & Alkaraan, 2007), (ii) the definition, investment, and property management of real estate (e.g. Hamelink, 2000; Tan, Cai & Chen, 2022; Jones & Trevillions, 2022), (iii) the use and effect of pre-decision control mechanisms (e.g. Alkaraan & Northcott, 2007; Emmanuel, Harris & Komakech, 2010), and (iv) the dynamism of pre-decision control mechanisms in relation to internal and external factors (e.g. Slagmulder, 1997; Huikku, Karjalainen & Seppälä, 2018).
Empirical foundation - The empirical data is structured as follows: 1) The introduction of case companies and their SID/SIDM process, 2) Findings on the applied pre-decision controls throughout the SID process, 3) The focus and locus of pre-decision controls, 4) The perceived effect of pre-decision controls, and 5) the dynamism of pre-decision controls in relation to contextual factors.
Conclusion - This thesis provided empirical evidence that pre-decision controls are widely used by Swedish real estate companies. Based on the SID process by Alkaraan and Northcott (2007), pre-decision controls with different emphases exist in each stage of SID. In the case companies, applied pre-decision controls have more similarities than differences. We conclude that the differences in pre-decision control mechanisms could be attributed to the factors such as organisational strategies, geographical focus, and property portfolio. In the context of the dynamism of pre-decision controls, we contribute to previous studies by investigating some propositions and conclusions by Slagmulder (1997), and Huikku, Karjalainen & Seppälä (2018). Specifically, our study of the changes in pre-decision controls is time-sensitive by taking the current issues into account. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9129823
- author
- Guo, Yumeng LU and lo, Thomas LU
- supervisor
-
- Anders Anell LU
- organization
- course
- BUSN79 20231
- year
- 2023
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Strategic investment decision (SID), Pre-decision control, Commercial real estate, Property investment, Uncertainty
- language
- English
- id
- 9129823
- date added to LUP
- 2023-09-12 15:43:28
- date last changed
- 2023-09-12 15:43:28
@misc{9129823, abstract = {{Summary Title - Pre-decision control mechanisms of strategic investment decision - A multiple case study on the application and dynamism of pre-decision controls in Swedish real estate companies Hand-In Date - 28 May 2023 Seminar date - 31 May 2023 Course - BUSN79 Degree Project: Accounting and Finance Authors - Thomas Lo & Yumeng Guo Advisor - Anders Anell Five Keywords - Strategic investment decision (SID), Pre-decision control, Commercial real estate, Property investment, Uncertainty Purpose - The purpose of this study is to investigate how pre-decision control mechanisms are applied in strategic investment decisions, and what contextual factors could influence the pre-decision control mechanisms. To fufill the purpose, the study examined the use of pre-decision controls in different strategic investment decision processes and the relationship between contextual factors and the dimensions of applied pre-decision controls, with a main focus on current increasing uncertainty. Methodology - We follow a multiple case study approach where empirical data is gathered from five Swedish commercial real estate companies by conducting semi-structured interviews. Theoretical perspectives - The theoretical framework of this study has four dimensions: (i) The definition, characteristics, and process of SID/SIDM (e.g. Harris,1999; Alkaraan & Northcott, 2007; Northcott & Alkaraan, 2007), (ii) the definition, investment, and property management of real estate (e.g. Hamelink, 2000; Tan, Cai & Chen, 2022; Jones & Trevillions, 2022), (iii) the use and effect of pre-decision control mechanisms (e.g. Alkaraan & Northcott, 2007; Emmanuel, Harris & Komakech, 2010), and (iv) the dynamism of pre-decision control mechanisms in relation to internal and external factors (e.g. Slagmulder, 1997; Huikku, Karjalainen & Seppälä, 2018). Empirical foundation - The empirical data is structured as follows: 1) The introduction of case companies and their SID/SIDM process, 2) Findings on the applied pre-decision controls throughout the SID process, 3) The focus and locus of pre-decision controls, 4) The perceived effect of pre-decision controls, and 5) the dynamism of pre-decision controls in relation to contextual factors. Conclusion - This thesis provided empirical evidence that pre-decision controls are widely used by Swedish real estate companies. Based on the SID process by Alkaraan and Northcott (2007), pre-decision controls with different emphases exist in each stage of SID. In the case companies, applied pre-decision controls have more similarities than differences. We conclude that the differences in pre-decision control mechanisms could be attributed to the factors such as organisational strategies, geographical focus, and property portfolio. In the context of the dynamism of pre-decision controls, we contribute to previous studies by investigating some propositions and conclusions by Slagmulder (1997), and Huikku, Karjalainen & Seppälä (2018). Specifically, our study of the changes in pre-decision controls is time-sensitive by taking the current issues into account.}}, author = {{Guo, Yumeng and lo, Thomas}}, language = {{eng}}, note = {{Student Paper}}, title = {{Pre-decision control mechanisms of strategic investment decision - A multiple case study on the application and dynamism of pre-decision controls in Swedish real estate companies}}, year = {{2023}}, }