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Article
Publication date: 28 June 2011

Austin Otegbulu and G.K. Babawale

From the perspective of plant and machinery valuation, this paper aims to assess the factors that constrain accuracy in plant and machinery valuation in the Nigerian context.

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Abstract

Purpose

From the perspective of plant and machinery valuation, this paper aims to assess the factors that constrain accuracy in plant and machinery valuation in the Nigerian context.

Design/methodology/approach

This paper is based on the technical, economic and market infrastructure affecting machinery and equipment valuation in Nigeria and surveyed 150 practicing firms in Lagos to elicit from them what they believe are the major constraints to valuation accuracy.

Findings

The findings reveal that, due to lack of specialization in machinery and equipment valuation, very few valuers have sufficient knowledge content to engage in the exercise. Four significant factors are established to be contributing most to valuation inaccuracy.

Originality/value

This study is the first on inaccuracy in machinery and equipment valuation, and consequently highlights the need to equip Nigerian valuers to face the challenges of the expertise required in this specialized area of valuation.

Details

Property Management, vol. 29 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 28 December 2021

Kwabena Nyarko Addai, Omphile Temoso and John N. Ng'ombe

The authors examine the factors influencing membership in farmer organizations (FO) and their effects on the decision to adopt farm technologies by rice farmers in Ghana.

Abstract

Purpose

The authors examine the factors influencing membership in farmer organizations (FO) and their effects on the decision to adopt farm technologies by rice farmers in Ghana.

Design/methodology/approach

This study uses a farm survey of 900 households from Northern Ghana and a recursive bivariate probit (RBP) model that accounts for selection bias and endogeneity.

Findings

The results indicate that the household head’s decision to adopt machinery and row planting increases by 38.4 and 25.3%, respectively, upon joining a farmer organization. Membership in farmer organization is positively influenced by off-farm income, asset value, farmer organization location and farmer location in Upper West region but negatively by males, age and total livestock units owned. Machinery adoption is positively influenced by membership in farmer organizations and respondent being male but negatively influenced by the years of schooling, farm size, farm distance and location of a farmer in Ghana's Upper East and West regions. Similarly, row planting adoption is positively influenced by membership in farmers' organization but adversely by farm size, farm distance and a farmer's location in Upper East region of Ghana.

Research limitations/implications

It can be concluded that membership in farmers' organizations significantly impacts farm household head’s decision to adopt machinery and row planting in rice production, which potentially enhance crop productivity.

Practical implications

These results show the importance of agricultural stakeholders in encouraging the formation and strengthening of farmer organizations to support the adoption of modern farming technologies.

Originality/value

Developing literature has demonstrated that farmer organizations promote the adoption of agricultural innovations. However, most of these studies have concentrated on conventional agricultural innovations and have used methods that fail to account for potential selection bias. This paper fills this important gap.

Details

International Journal of Social Economics, vol. 49 no. 4
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 1 March 1983

Robert Maas FCA ATII

So much has been written in recent years about industrial buildings allowance that it would be a rare thing if anyone involved in property overlooked them. It is less…

Abstract

So much has been written in recent years about industrial buildings allowance that it would be a rare thing if anyone involved in property overlooked them. It is less widely realised, however, that a significant part of the expenditure on most modern buildings, both industrial and commercial, qualifies for capital allowances on plant and machinery. 1982 saw two important decisions of the House of Lords — Cole Brothers Ltd v Phillips and CIR v Scottish & Newcastle Breweries Ltd — in which the scope of what is included in the term ‘plant’ was reviewed (reports of these cases appear in this issue) and these and other interpretations by the courts will be considered here.

Details

Property Management, vol. 1 no. 3
Type: Research Article
ISSN: 0263-7472

Article
Publication date: 1 September 1996

Chris Printall and Stuart Gronow

Considers the implications of the Finance Act 1994, sections 117 and 118, on claims for machinery and plant allowances. Examines the changes that have been introduced by…

351

Abstract

Considers the implications of the Finance Act 1994, sections 117 and 118, on claims for machinery and plant allowances. Examines the changes that have been introduced by the new rules, the reasons for introducing them, the effect they will have on levels of allowances and the opportunities which present themselves to maximize claims. Also considers whether the Inland Revenue will achieve their stated goal to “clarify the boundary” and “protect the Exchequer”.

Details

Property Management, vol. 14 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 1 February 1987

John Pointon

Numerous simulations are made of whether the tax system (1984 UK corporate tax) should have a neutral effect on the investment decision or whether there are incentives or…

Abstract

Numerous simulations are made of whether the tax system (1984 UK corporate tax) should have a neutral effect on the investment decision or whether there are incentives or disincentives to invest.

Details

Management Research News, vol. 10 no. 2
Type: Research Article
ISSN: 0140-9174

Keywords

Article
Publication date: 1 February 1991

Chris Derry

Outlines the three principal types of valuation of plant andmachinery – insurance, financial and open market. Discusses thetechniques appropriate to each and possible…

Abstract

Outlines the three principal types of valuation of plant and machinery – insurance, financial and open market. Discusses the techniques appropriate to each and possible future development in the field. Concludes that the demand for plant valuation services is increasing and suitably qualified students need to be persuaded to opt for what is probably the least known discipline within the profession.

Details

Journal of Property Valuation and Investment, vol. 9 no. 2
Type: Research Article
ISSN: 0960-2712

Keywords

Article
Publication date: 1 September 1941

WHERE machinery and plant is sold, usually on the terms that the seller is to carry out the work of installation, difficult questions have arisen, under both the War Risks…

Abstract

WHERE machinery and plant is sold, usually on the terms that the seller is to carry out the work of installation, difficult questions have arisen, under both the War Risks Insurance Act 1939 and the War Damage Act 1941, as to the extent of the obligations imposed on the sellers with regard to insurance against war damage. In many cases, moreover, the position is complicated by the fact that the sellers retain ownership until the purchase price has been fully paid, an event which may take some little time, or again by the fact that the machinery and plant is being bought on hire purchase terms.

Details

Aircraft Engineering and Aerospace Technology, vol. 13 no. 9
Type: Research Article
ISSN: 0002-2667

Article
Publication date: 7 July 2014

Gary D. Holt and David J. Edwards

The purpose of this paper is to investigate causal agents of health and safety (H&S) incidents among “plant-trailers” (as used by construction and utility contractors to…

Abstract

Purpose

The purpose of this paper is to investigate causal agents of health and safety (H&S) incidents among “plant-trailers” (as used by construction and utility contractors to transport mechanical machinery); including the relationship(s) of such incidents to routine safety inspections and, plant maintenance functions.

Design/methodology/approach

H&S plant-trailer incident data, from a collaborating UK-based case study utility company are analysed using inductive, interpretative and descriptive statistical methods.

Findings

Principal incident occurrences relate to trailer wheels, wheel bearings, tyres and braking systems. All forms of incidents observed harbour significant risk and especially, if they occur during travel on public highways. Derived recommendations for incident mitigation and control, suggest a requirement for improved human behaviour, machinery inspection regimes and maintenance systems.

Research limitations/implications

The findings will be valuable to academia as a basis for advancing this new research subject, both empirically and internationally. Direction is offered in this respect.

Practical implications

Recommendations will be of practical relevance to machinery management practitioners generally and to plant-trailer stakeholders more specifically. For the latter, the study encourages introspective consideration of plant-trailer H&S systems.

Originality/value

No previous research has targeted these issues relating to plant-trailers.

Details

Built Environment Project and Asset Management, vol. 4 no. 3
Type: Research Article
ISSN: 2044-124X

Keywords

Article
Publication date: 1 March 1995

A.S.R. Murty and V.N.A. Naikan

Discusses the relationship between plant availability andmaintenance expenditure and their limiting features. Achieving higherplant availability always necessitates a…

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Abstract

Discusses the relationship between plant availability and maintenance expenditure and their limiting features. Achieving higher plant availability always necessitates a higher maintenance budget and may not be economically feasible in many cases. Through a mathematical modelling the variation of net income with respect to plant availability has been studied and the limiting availability values have been established. Expressions for optimum availability and maintenance cost have also been obtained. An illustrative example has been worked out.

Details

International Journal of Quality & Reliability Management, vol. 12 no. 2
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 1 January 1983

D.A. Wheeler and F.C. Harris

The new system of capital allowances on machinery and plant, introduced in 1971, has not had the criticism it deserves. The authors here explain why they think its…

Abstract

The new system of capital allowances on machinery and plant, introduced in 1971, has not had the criticism it deserves. The authors here explain why they think its introduction has caused a sharp decline in profitability of hiring plant in the UK.

Details

Industrial Management & Data Systems, vol. 83 no. 1/2
Type: Research Article
ISSN: 0263-5577

Keywords

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