Int. J. of Business Innovation and Research   »   2015 Vol.9, No.5



Title: A mixed methods approach to studying asset replacement decisions


Authors: Nattawoot Koowattanatianchai; Michael B. Charles


Finance Department, Kasetsart Business School, Kasetsart University, 50 Ngam Wong Wan Rd, Ladyaow Chatuchak, Bangkok 10900, Thailand
Southern Cross Business School, Southern Cross University, Locked Mail Bag 4, Coolangatta, Queensland, 4225, Australia


Abstract: Research on taxation policy has traditionally been undertaken using quantitative methods, although it is increasingly obvious that such work cannot take place in a contextual vacuum. The use of taxation policy to encourage innovation in the Australian rail freight industry was assessed via a quantitative model, but the results were contrasted with interview data gleaned from industry decision makers. While the quantitative model predicted that acceleration depreciation schedules would encourage innovation, a variety of contextual and institutional factors, as indicated by industry decision makers, were found to limit investment. Finally, a focus group was used to test the validity of both aspects of the research. The study represents a case in point for using a mixed methods approach in finance research.


Keywords: finance research; accelerated depreciation; tax policy; investment; mixed methods approach; asset replacement decisions; innovation; Australia; rail freight industry; taxation.


DOI: 10.1504/IJBIR.2015.071596


Int. J. of Business Innovation and Research, 2015 Vol.9, No.5, pp.544 - 567


Available online: 04 Sep 2015



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