A pragmatic approach to management accounting research: a research path

A pragmatic approach to management accounting research: a research path Purpose – This paper traces an eight‐year journey along a research path in identifying the need for conception, development, and pragmatic evaluation of a new capital investment appraisal model – the financial appraisal profile (FAP) model. In many cases, existing research in developing new financial models is limited to theoretical conception rather than testing of these models in the real world. This papers sets out to address that issue. Design/methodology/approach – The research methodology draws heavily on philosophical pragmatism. The paper traces a clear path, starting from the firm foundation of earlier studies, questionnaire feedback from presentations of the model, and two case studies. Findings – The three‐stage pragmatic evaluation of the FAP model establishes the support for the model in both the academic and practical world. Research limitations/implications – Although the first two stages in the evaluation of the model may be susceptible to systemic bias, the final evaluation in practical application of the model provides credible evidence for its pragmatic support. Practical implications – It is hoped that this paper will encourage other researchers to be more pragmatic in their research methodology and that practitioners will find the FAP model more effective than their existing capital investment appraisal methods/procedures. Originality/value – The pragmatic diversity of the research methodology presented in this paper gives management accounting researchers’ an insight into one particular researcher's approach to such a complex issue. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Research News Emerald Publishing

A pragmatic approach to management accounting research: a research path

Management Research News, Volume 29 (6): 14 – Jun 1, 2006

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Publisher
Emerald Publishing
Copyright
Copyright © 2006 Emerald Group Publishing Limited. All rights reserved.
ISSN
0140-9174
DOI
10.1108/01409170610683879
Publisher site
See Article on Publisher Site

Abstract

Purpose – This paper traces an eight‐year journey along a research path in identifying the need for conception, development, and pragmatic evaluation of a new capital investment appraisal model – the financial appraisal profile (FAP) model. In many cases, existing research in developing new financial models is limited to theoretical conception rather than testing of these models in the real world. This papers sets out to address that issue. Design/methodology/approach – The research methodology draws heavily on philosophical pragmatism. The paper traces a clear path, starting from the firm foundation of earlier studies, questionnaire feedback from presentations of the model, and two case studies. Findings – The three‐stage pragmatic evaluation of the FAP model establishes the support for the model in both the academic and practical world. Research limitations/implications – Although the first two stages in the evaluation of the model may be susceptible to systemic bias, the final evaluation in practical application of the model provides credible evidence for its pragmatic support. Practical implications – It is hoped that this paper will encourage other researchers to be more pragmatic in their research methodology and that practitioners will find the FAP model more effective than their existing capital investment appraisal methods/procedures. Originality/value – The pragmatic diversity of the research methodology presented in this paper gives management accounting researchers’ an insight into one particular researcher's approach to such a complex issue.

Journal

Management Research NewsEmerald Publishing

Published: Jun 1, 2006

Keywords: Management accounting; Research methods; Financial modelling; Investment appraisal

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