A mixed methods approach to studying asset replacement decisions

Document Type


Publication details

Koowattanatianchai, N & Charles, MB 2015, 'A mixed methods approach to studying asset replacement decisions', International Journal of Business Innovation and Research, vol. 9, no. 5, pp. 544-567.

Published version available from:


Peer Reviewed



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.