On the role and function of formal analysis in strategic investment decision processes: results from an empirical study in Belgium
A Van CauwenbeRgh, E Durinck, R Martens… - Management …, 1996 - Elsevier
Our research group examined strategic investment processes in 50 large companies and
banks located in Belgium, over a 2-year period (1992-94). This article reports one
fundamental part of the research: the impact of formal analysis on strategic investment
processes. Findings covering this theme concern the effect of uncertainty on the act of formal
analysis, the importance of financial goals, the use of financial evaluation models and the
role of intuition.
banks located in Belgium, over a 2-year period (1992-94). This article reports one
fundamental part of the research: the impact of formal analysis on strategic investment
processes. Findings covering this theme concern the effect of uncertainty on the act of formal
analysis, the importance of financial goals, the use of financial evaluation models and the
role of intuition.
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