Capital investments is an issue of fundamental concern to economists
and managerial accountants. In essence, capital investment
decisions are resource allocation decisions. Managerial accountants
are especially concerned with the way capital investment (often
called capital budgeting) decisions are made and the role of
accounting information in making such decisions. In addition,
managerial accountants are concerned with the way to measure the
performance of such decisions. Several papers addressing these, and
related, issues are listed below.
Gordon, L. A.,
M. P. Loeb, T. Sohail, C-Y Tseng, and L. Zhou, “Cybersecurity,
and Management Control Systems,”
European Accounting Review, Vol. 17,
issue 2, pp. 215-241.
L.A., M.P. Loeb, and C. Tseng, "Capital Budgeting and Informational
Impediments: A Managerial Accounting Perspective.” Chapter in
Contemporary Issues in Management Accounting, Oxford University
Press, A. Bhimini (ed.), 2006, pp. 146-165.
Gordon, L. A. and M. P. Loeb, “Process For Deciding on Information
Security Expenditures: Empirical Evidence,” Communications of the
ACM (January 2006), pp. 121-125.
L., L. A. Gordon and M. P. Loeb, “Evaluating Information Security
Investments Using the Analytic Hierarchy Process,” Communications
of the ACM (February 2005), pp. 78-83.
Gordon, L. A.
and M. P. Loeb, "The Economics of Information Security Investment,"
ACM Transactions on Information and System Security,
(November 2002), pp. 438-457. Reprinted in Economics of Information Security, 2004, Springer, Camp
and Lewis, eds.)
Gordon, L. A. and R. J. Iyengar, “Return on
Investment and Corporate Capital Expenditures: Empirical Evidence,”
Journal of Accounting and Public Policy, Vol. 15, No. 4
(Winter 1996), pp. 305-325.
Gordon, L. A., M. P. Loeb and M. Myers, “A Note on
Postauditing and Firm Performance,” Managerial and Decision
Economics, Vol. 15 (1994), pp. 177-181.
Fettus, S. and L. A. Gordon, “Federal Capital
Investment Information: An Assessment of Public Law 98-501,”
Journal of Accounting and Public Policy, Vol. 13, No. 4 (Winter
1994), pp. 283-303.
Gordon, L. A. and K. Smith, “Postauditing Capital Expenditures and
Firm Performance: The Role of Asymmetric Information,”
Accounting, Organizations and Society, Vol. 17, No. 8 (1992),
M., L. A. Gordon and M. Hamer, “Postauditing Capital Assets and Firm
performance: An Empirical Investigation,” Managerial and Decision
Economics, Vol. 12 (1991), pp. 317-327.
Gordon, L. A., M. Loeb, and A. Stark, “Capital
Budgeting and the Value of Information,”
Management Accounting Research,
Vol. 1., No. 1 (1990), pp. 21-35.
Gordon, L. A., M. Kleiner and R. Natarajan, “Federal Capital
Expenditures and Budget Deficits: Gross National Product and Labor
Implications,” Journal of Accounting and Public Policy, Vol.
5, No. 4 (1986), pp. 217-232.
S., L. A. Gordon and G. E. Pinches, “Sophisticated Capital Budgeting
Selection Techniques and Firm Performance,” The Accounting Review,
(October, 1985), pp. 651-669. Reprinted in Emmanuel, Otley and
Merchant’s Readings in Accounting for Management Control (Chapman&
Gordon, L. A., D. Larcker and F. D. Tuggle,
“Informational Impediments to the Use of
Sophisticated Capital Budgeting Models,” Omega, Vol. 7, No. 1
(1979), pp. 67-74.
Gordon, L.A. and G. Pinches,
Budgeting: A Decision Support System
Approach (Addison-Wesley Publishing Co.: Massachusetts, 1984).
Dr. Lawrence A. Gordon giving
presentation at research seminar at the University of Toronto (May
Click Back to
Lawrence A. Gordon's HomePage