...Philipp Henrizi; Dario Himmelsbach; Stefan Hunziker Purpose The purpose of this study is to illustrate the potentially detrimental effects on audit decision-making of certain judgmental heuristics, which can lead to systematic judgmental biases. This paper provides background on the heuristics...

... of the complexity problems through specialization of decision making. There are few specific investments in accounting. Physical assets investments count computers, software, literature of accounting standards, accounting law, tax law and so on, and these investments are rarely specific. On the other hand, we...

... assessment results to expected project returns as an aid to management in strategic investment decision‐making. It is now embedded in the investment appraisal procedures across the European group of companies that participated in the research. It is suggested that the framework adopted in this experimental...