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Resource allocation and capital investment practice in Swedish local governments: A messy business

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  • Alpenberg, Jan
  • Karlsson, Fredrik

Abstract

We examine capital investment practice for large infrastructure projects undertaken by local governments. Our study contributes to the existing literature by addressing the field theoretically from both decision- and process-based investment approaches and by using multiple research methods, both qualitative and quantitative, in search of empirical evidence of investment practice in Sweden. Our results confirm the large spread of financial and non-financial criteria used to evaluate new projects. Local governments that have adopted New Public Management largely use more sophisticated capital investment routines and methods. We contribute with added granularity to capital investment practices in local governments, characterized by diverse and sometimes conflicting decision rationales in terms of financial, operational, and political considerations. The investment practice reveals a complex, competitive, and “messy” picture with potential effects and consequences.

Suggested Citation

  • Alpenberg, Jan & Karlsson, Fredrik, 2019. "Resource allocation and capital investment practice in Swedish local governments: A messy business," Journal of Business Research, Elsevier, vol. 101(C), pages 897-905.
    • Handle: RePEc:eee:jbrese:v:101:y:2019:i:c:p:897-905
    DOI: 10.1016/j.jbusres.2019.02.010
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    Cited by:

    1. Liu, Yajie & Cui, Lijuan & Xiong, Yanyan & Yao, Xianguo, 2023. "Does the development of the Internet improve the allocative efficiency of production factors? Evidence from surveys of Chinese manufacturing firms," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 161-174.
    2. Ungerman Otakar & Dědková Jaroslava, 2021. "Current Implementation of the Circular Economy in Enterprises in the Czech Republic," Review of Economic Perspectives, Sciendo, vol. 21(2), pages 189-210, June.
    3. Elian Susanti & Ridwan Nurazi & Fachruzzaman & Saiful & Dodi Hardinata, 2022. "Implementation Model of Equity Participation in Regional Development Banks in Indonesia," International Review of Management and Marketing, Econjournals, vol. 12(1), pages 32-42.

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