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Article
Publication date: 1 March 2002

Christie C. Onwujuba and Thomas D. Lynch

In this paper, we examine the cash management practices in the State of Louisiana and contrasted those practices with the rate of return on investment income due to cash…

Abstract

In this paper, we examine the cash management practices in the State of Louisiana and contrasted those practices with the rate of return on investment income due to cash management practices. Essentially, we framed various model hypotheses from the literature, which tells us that if those practices exist then we should see an increased rate of return due to cash management. In general, our research supported the literature but there were some interesting exceptions that merit attention.

Details

Journal of Public Budgeting, Accounting & Financial Management, vol. 14 no. 1
Type: Research Article
ISSN: 1096-3367

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Article
Publication date: 1 December 2005

Roxanne Missingham

This paper aims to outline the development of research into the value of libraries over the past decade.

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Abstract

Purpose

This paper aims to outline the development of research into the value of libraries over the past decade.

Design/methodology/approach

Recent studies using contingent valuation for the British Library, South Carolina Public Libraries, Florida Public Libraries and St Louis Public Libraries are summarised both in terms of methodology and findings. Studies into two national bibliographic services (Canada and New Zealand) are reviewed to demonstrate the application of value studies to specific services.

Findings

There are many questions that have yet to be answered through using this methodology. At the most basic level it is not yet clear whether any particular numerical result represents the best return on investment for an individual library. The lack of comparative of studies means that the appropriate level of return on investment than that which the taxpayer or investor should expect, has yet to be established.

Research limitations/implications

There is a need for further research to identify the relative position in which libraries in the major sectors should expect to be found. More significantly, there is a need to consider how a value identified for current use of a service should be balanced against future use, and to establish how these two analyses might be combined.

Originality/value

Shows consistent use of contingent valuation and return on investment for libraries in public and national library sectors. Each study took considerable resources and man‐hours to establish a community/user based economic result.

Details

Performance Measurement and Metrics, vol. 6 no. 3
Type: Research Article
ISSN: 1467-8047

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Article
Publication date: 30 March 2007

Neil Rotheroe and Adam Richards

To apply the social return on investment (SROI) concept to a case study based on the Furniture Resource Centre Group (FRC Group), a social enterprise based in Liverpool…

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2745

Abstract

Purpose

To apply the social return on investment (SROI) concept to a case study based on the Furniture Resource Centre Group (FRC Group), a social enterprise based in Liverpool, UK, to satisfy a need for quality affordable furniture for low‐income households.

Design/methodology/approach

The nature of FRC Group’s business is discussed from the viewpoint of how it exemplifies Westall’s (2001) values‐led operation concept with four core values (bravery, creativity, professionalism, passion). Discusses the value of social enterprises and the importance of identifying their social returns as measured by the SROI approach, which was adapted by the New Economics Foundation (NEF) to take account of stakeholder engagement, materiality, impact map, and appreciation of deadweight. Reports on the action research based case study which explored the relationship between the social enterprise business model and the concept of sustainable development.

Findings

The results indicated that the SROI technique demonstrated many qualities of sustainability and, with stakeholder inclusiveness pivotal to the innovative process, it allows for truly connected thinking that reveals advancements in sustainable development.

Originality/value

Provides a stimulus for ongoing research and thought on the dynamic concept of sustainability.

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Article
Publication date: 17 July 2009

Svanhild Aabø

The purpose of this paper is to show that the need to communicate the value of libraries is growing, and especially now during the global financial crisis. As a response…

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4351

Abstract

Purpose

The purpose of this paper is to show that the need to communicate the value of libraries is growing, and especially now during the global financial crisis. As a response library valuation research is expanding and there is now a need for a status report.

Design/methodology/approach

The library valuation field is developing towards generating a critical mass of empirical studies. The focus of the meta‐analytical review is on the subgroup that reports a return on investment (ROI) or a cost‐benefit ratio. Meta‐analysis is a quantitative analysis of findings of previous studies, conducted to infer general findings and lessons from prior empirical research. The dataset is 38 library valuation studies reporting a return on investment figure or cost‐benefit ratio.

Findings

Of the 38 studies, 32 are of public libraries, a number high enough to indicate a tenable result. The meta‐analysis indicates that the patterns in the findings are consistent with expectations regarding the benefit types that are included in the ROI figure, the methods used, and the scope of the study.

Originality/value

This study appears to be the first meta‐analytical review of library studies reporting a return on investment figure. The tentative conclusion is that for each dollar invested in public libraries they return, on average, approximately four times more. This is a strong message with policy implications.

Details

New Library World, vol. 110 no. 7/8
Type: Research Article
ISSN: 0307-4803

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Book part
Publication date: 20 August 2018

Rashmi Malhotra, D. K. Malhotra, Elizabeth Mariotz and Raymond R. Poteau

In this chapter, we evaluate the dollar amount spent on advertising relative to sales, profit margin, and growth rates to study the effectiveness of advertising in today’s…

Abstract

In this chapter, we evaluate the dollar amount spent on advertising relative to sales, profit margin, and growth rates to study the effectiveness of advertising in today’s retail environment, and whether it leads directly to higher sales and increased profits affording positive earnings for the investor. The study illustrates the use of data envelopment analysis (DEA) technique to benchmark 16 apparel firms to evaluate the effectiveness of their advertising dollars on the sales, profit margin, growth, return on assets (ROA), return on equity (ROE), and return on investment (ROI).

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Article
Publication date: 1 March 2005

Andrew Flockhart

To evaluate the potential of social return on investment (SROI) and investment ready tools (IRT) in enabling social enterprises to address the credibility gap associated…

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1990

Abstract

Purpose

To evaluate the potential of social return on investment (SROI) and investment ready tools (IRT) in enabling social enterprises to address the credibility gap associated with their ability to build capacity and to adopt a more commercial/entrepreneurial approach to their activities.

Design/methodology/approach

The differences that exist between social and financial returns in social enterprises are discussed. Reports the results of interviews conducted with key informants from the social investment industry in Scotland and England to explore their personal understanding or experience of SROI, the tools they use at present to assess social enterprise sustainability and capacity for growth and potential for investment, their likes and dislikes of SROI, and how they see SROI moving forward in a Scottish and/or UK context.

Findings

The results indicated that, should social enterprises find a way to overcome the resource implications of implementing SROI, this would enable them to become the preferred investment vehicle for new sources of social finance.

Originality/value

Presents the findings from an MBA dissertation entitled “Is Measuring Social Return on Investment (SROI) a tool that can be used to raise the profile of social enterprises and help attract investment?” (Flockhart 2004) and includes preliminary findings from a pilot programme conducted by CEiS Ltd on the introduction of an Investment Ready Tool (IRT) for social enterprise.

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Article
Publication date: 13 September 2013

Scott Eacott

This paper highlights the potential value of “return on investment” analysis for leadership development investment methods to better providing research informed decision…

Abstract

Purpose

This paper highlights the potential value of “return on investment” analysis for leadership development investment methods to better providing research informed decision regarding improving organisational outcomes.

Design/methodology/approach

Working with published research on leadership dimensions with greatest impact on student outcomes, return on leadership development formula, and empirical research on Australian university‐based educational leadership programmes, this paper demonstrates an illustrative example of estimating the return on leadership investment.

Findings

Using an illustrative example of Australian university‐based educational leadership programmes, this paper argues that methodologies for estimating the return on leadership development offers a powerful tool for making research informed decisions at the individual, organisational and systemic levels.

Research limitations/implications

This paper provides the basis for substantial further work on the measures of impact of leadership preparation and development such as matters of duration of effect, instrumentations of quality, costing and causal models of effect.

Practical implications

The methodology demonstrated in this paper provides a basis for individuals, organisations and school systems to make decisions regarding the resourcing, or not, of school leadership preparation and development.

Social implications

The methodology demonstrated in this paper provides a basis for individuals, organisations and school systems to make decisions regarding the resourcing, or not, of school leadership preparation and development.

Originality/value

The application of return on investment analysis has been rare in educational leadership preparation and development programmes and its value opens up information for rigorous debate on the resourcing, or not, of programmes by systems, government and individuals.

Details

International Journal of Educational Management, vol. 27 no. 7
Type: Research Article
ISSN: 0951-354X

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Book part
Publication date: 23 November 2016

James Jianxin Gong and S. Mark Young

We examine the role of financial and nonfinancial performance measures in managing revenues derived from life cycles of a type of intellectual property products − motion pictures.

Abstract

Purpose

We examine the role of financial and nonfinancial performance measures in managing revenues derived from life cycles of a type of intellectual property products − motion pictures.

Design/approach

Our study focuses on the first two markets in which audiences can watch a motion picture – the upstream theatrical market and the downstream home video market. We combine data collected from numerous public and proprietary sources and form a final sample of 654 motion pictures. Then we perform regression analysis on the data.

Findings

First, three measures of a movie’s performance in the theatrical market, opening box office revenue, peak rank, and weeks at the peak rank, have positive effects on subsequent revenues in the home video market. Second, the same set of performance measures also predicts the motion picture’s life span in the theatrical market. Third, when the actual life span of a motion picture in the theatrical market deviates from its predicted value, the total return on investment in the motion picture decreases.

Research limitations

We do not have data on other downstream markets related to motion pictures, such as pay-per-view and online video streaming.

Practical implications

This study suggests that the public and proprietary data can be used to inform managerial decisions regarding intellectual property product life cycles.

Originality/value

This is the first accounting study that directly examines life cycle revenues of intellectual property products. We also extend literature on revenue driver and revenue management research to the product level.

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Article
Publication date: 28 August 2020

Rehan Aftab and Muhammad Naveed

The study invites seminal investigation on potential of investment returns in professional sports leagues. In line with scope of research, the analysis of this study…

Abstract

Purpose

The study invites seminal investigation on potential of investment returns in professional sports leagues. In line with scope of research, the analysis of this study brings into focus the Pakistan Cricket Board (PCB) and franchises pertinent to Pakistan Super League (PSL) for investment appraisal and returns analysis.

Design/methodology/approach

The methodical aspect of research deals with financial ratios and sensitivity analysis capturing the potential of returns on investment for target sample of study.

Findings

The investment appraisal substantiates the significance of potential returns on sports projects. The returns of investment reports sluggish seasonal returns during initial phase of PSL; however, return on investment (ROI) optimized with the maturity and further capitalization of Pakistan Supper League in more concentrated competitive environment. Sensitivity analysis proves variability of returns with changes in growth prospect of franchises.

Research limitations/implications

The study provides important working knowledge for existing and potential new investors and sports boards to consider the financial investment feasibility through customized investment models and relative orientations of promotion of sports, new talent hunting and re-fabricating the structure of sports in line with new age.

Originality/value

The efficacy of research is ensured through empirical verification of data obtained from reliable sources, and the novelty of research comes from investment appraisal and analysis of growing sports league familiarized as Pakistan Super League. The research approach and target sample are quite unique in context of sports leagues literature.

Details

Managerial Finance, vol. 47 no. 6
Type: Research Article
ISSN: 0307-4358

Keywords

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Article
Publication date: 15 August 2008

Allen S.B. Tam and John W.H. Price

Asset maintenance activities need to be prioritised as budget and planned outage time is often limited for all maintenance work to be carried out. The purpose of this…

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1823

Abstract

Purpose

Asset maintenance activities need to be prioritised as budget and planned outage time is often limited for all maintenance work to be carried out. The purpose of this paper is to develop a technique for prioritising maintenance work that maximises the return on investment under the constraints of budget and time.

Design/methodology/approach

Three indices are proposed to be used as indicators for prioritising maintenance. These indices are termed: maintenance investment index (MII), time index (TI) and budgetary index (BI). These indices permit prioritisation of asset maintenance based on the required emphasis on return on maintenance investment, time and budget respectively.

Findings

It is found that approaches to prioritising maintenance which integrate the critical dimensions in the decision making process are lacking in the literature. There is a need for such an approach to assist decision makers to ensure enterprise's objectives and targets are maximised with given budget and planned shutdown time.

Practical implications

The proposed techniques will assist engineers and mangers to develop their maintenance plan according to the enterprise needs and constraints and allowing management to make a better informed decision in maintenance.

Originality/value

This paper provides a new technique for ranking maintenance that maximises return on investment.

Details

Journal of Quality in Maintenance Engineering, vol. 14 no. 3
Type: Research Article
ISSN: 1355-2511

Keywords

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