In August, 1976 the research seminar 'Decision-making in business' was
organized at Nijenrode, The Netherlands School of Business. More than
fifty scientists and practitioners from nine countries presented
research papers in one of the six discussion groups. Some of them also
presented some of their ideas in front of a large mixed audience at a
one-day symposium. Many of the papers presented at Nijenrode were of
such a high quality that the decision to publish a selection of them was
an easy one. At the same time the new series Nijenrode studies in
business was initiated. All who were involved, the policy committee of
the N ijenrode studies, the advisory and editorial board of the series,
the publisher, and the organizing committee of the seminar and
symposium, acclaimed the idea of publishing three volumes in the new
series. A collection of eleven papers could be grouped under the title
Trends in managerial andfinancial accounting. Another collection will be
published as volume 2 of this series under the title TI'ends in
financial decision-making, while volume 3 will consist of papers
exploring the theme Trends in business ethics. The books are intended
for those who are interested in new developments in the decision-making
area. They are especially suitable for graduate or advanced
undergraduate courses: volume 1 in managerial or financial accounting
courses; volume 2 in courses on managerial finance, capital budgeting or
decision- making; and volume 3 in courses on business ethics or related
fields.