Dr. FRANK LEFLEY, PhD (Lond) MPhil (UB) MSc (Hull) DMS FCIS FRSA
Hon. Research Fellow,
Royal Holloway, University of London.
Publications:
Journals
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Lefley, F., 1993. Return to pay-back. Administrator, December, 19 - 20.
Lefley, F., 1994. AMT project hurdle rates too high? Management Accounting (UK), 72 (5),
37 and 46.
Lefley, F., 1994. Short-termism brings no long-term gains. Administrator, May, 23.
Lefley, F., 1994. Capital investment appraisal of advanced manufacturing technology,
International Journal of Production Research, 32 (12), 2751 - 2776. *
Lefley, F., 1995. Investment in AMT: simply a question of faith? Administrator, July, 28.
Lefley, F., 1995. Insecurity, self-interest, managerial mobility and the desire for quick profits.
Administrator, October, 30 - 31.
Lefley, F., 1995. Investment in AMT: Is financial appraisal holding it back? Certified
Accountant, December, 57 - 58.
Lefley, F., 1996. Investments in AMT: Opportunities or options? Management Accounting
(UK), 74 (1), 42 - 43.
Lefley, F., 1996. Risky Business. Administrator, March, 28 - 29.
Lefley, F., 1996. The payback method of investment appraisal: A review and synthesis.
International Journal of Production Economics, 44 (3), 207 - 224. *
Lefley, F., 1996. Strategic methodologies of investment appraisal of AMT projects: A review
and synthesis. Engineering Economist, Summer, 41 (4), 345 - 363. *
Lefley, F., 1997. The modified internal rate of return (MIRR): Will it replace IRR?
Management Accounting (UK), 75 (1), 64 - 65.
Lefley, F., and Sarkis, J., 1997. Short-termism and the appraisal of AMT capital projects in
the US and UK. International Journal of Production Research, 35 (2), 341 - 368. *
Lefley, F., 1997. New technology: Is it worth it? Chartered Secretary, April, 17.
Lefley, F., and Sarkis J., 1997, The decline of the accounting rate of return (ARR),
Management Accounting (UK), 75 (6), 50 -52.
Lefley, F., 1997. Competitive advantage through change and manufacturing flexibility,
Control, 23 (5), June, pp 15 - 16.
Lefley, F., 1997. Capital Investments: The 'Financial appraisal profile'. Certified Accountant,
June, 89 (6), 26 - 29.
Lefley, F., 1997. The sometimes overlooked discounted payback method, Management
Accounting (UK), 75 (10), 36.
Lefley, F., 1997. Approaches to risk and uncertainty in the appraisal of new technology capital
projects. International Journal of Production Economics, 53 (1), 21 - 33. *
Lefley, F., 1998. Accounting rate of return: back to basics. Management Accounting (UK),
76 (3), 52 - 53.
Lefley, F., 1998. The strategic Index: A new approach to the strategic appraisal of capital
projects. Control, September, 24 (7), 26 - 27.22.
Lefley, F., 1998. Risk evaluation of capital projects using the Risk Index. The International
Journal of Project and Business Risk Management, Summer, 2 (2), 69 - 79. *
Lefley, F., 1998. In support of the MIRR, Management Accounting (UK), October, 76 (9), 50
- 52.
Lefley, F., and Morgan, M., 1998. A new pragmatic approach to capital investment appraisal:
The financial appraisal profile (FAP) model. International Journal of Production
Economics, 55 (3), 321 - 341. *
Lefley, F., 1999. Profitability index revisited: the PI growth rate (PIGR), International
Accountant, Issue 4, 25 - 26.
Lefley, F., and Morgan, M., 1999. The NPV profile: a creative way of looking at the NPV.
Management Accounting (UK), June, 77 (6), 39 - 41.
Lefley, F., 1999. Value Judgements. Accounting Technician, November, 31 - 33.
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Lefley, F., 2000. The financial appraisal profile (FAP) model of investment appraisal.
Management Accounting (UK), March, 78 (3), 28 - 31.
Lefley, F. 2000. Investment options reduce project risk: Should they reduce discount rates?
International Accountant, October 2000, 10, pp 20 – 21.
Lefley, F., 2001. The Financial appraisal profile (FAP) model, International Accountant,
Issue 12, May, 24 - 26.
Lefley, F., Wharton, F., Hajek. L., Hynek. J., and Janecek. V., 2001. Investment appraisal of
advanced manufacturing technology in the Czech Republic, USA and United Kingdom.
Quarterly Journal of Economic Theory and Policy - Prague Economic Papers, X (2) 174 –
188. *
Lefley, F., 2001. Decisive action, Financial Management, October, 36 - 38.
Lefley, F., 2002. The advantages of the Net Present Value Profile (NPVP) model of financial
appraisal, International Accountant, Issue 14, January, 18 - 20.
Lefley, F., 2002. Adding value to investment appraisal with the Financial Appraisal Profile
(FAP) model, Einstein network – Finance Channel, 838 Management Accounting, May.
Lefley, F., 2002. The Financial Appraisal Profile model. AccountingWeb, Business
Management Zone, 26 November.
Lefley, F., Wharton, F., Hajek. L., Hynek. J., and Janecek. V., 2003. The financial and risk
evaluation of AMT capital projects in the UK, US and Czech Republic. International
Accountant, Issue 18, February, 27 – 31.
Lefley, F., 2003. Net Present Value and its link to Internal Rate of Return, AccountingWeb,
Business Management Zone, 5th March.
Lefley, F., 2003. The Strategic Index: appraising investment projects, AccountingWeb,
Business Management Zone, 18th March.
Lefley, F., 2003. The third way. Financial Management, October, 18 – 19.
Lefley, F., 2004. A brief introduction to the financial appraisal profile (FAP) model.
International Journal of Applied Finance for Non-Financial Managers, January, 1 (1). *
Lefley, F., Wharton, F., Hajek. L., Hynek. J., and Janecek. V., 2004. Manufacturing
investment in the Czech Republic: an international comparison. International Journal of
Production Economics, 88 (1), 1 – 14. *
Lefley, F., 2004. The positioning of the financial appraisal profile (FAP) model within a
project evaluation matrix. International Journal of Applied Finance for Non-Financial
Managers, February, 1 (1). *
Lefley, F., 2004. The evaluation of project risk: a more pragmatic approach. International
Journal of Applied Financer for Non-Financial Managers, April, 1 (2). *
Lefley, F., 2004. Clear and present value. Accounting Technician, June, 22.
Lefley, F., 2004. An assessment of various approaches for evaluating project strategic
benefits: recommending the strategic index, Management Decision, 42 (7), 850 – 862. *
Lefley, F., 2004. Mystique over the accounting rate of return, Accounting Technician,
November,
Lefley, F., & Sarkis, J. 2005. Applying the FAP Model to the Evaluation of Strategic
Information Technology Projects. International Journal of Enterprise Information Systems
(IJEIS), 1(2), 69-90. doi:10.4018/jeis.2005040105.*
Lefley, F., 2005. A new dimension: calculating the modified internal rate of return from the
net present value. International Accountant, Issue 27, May, 24 – 25.
Lefley, F., 2006, Can a project champion bias project selection and, if so, how can we avoid
it? Management Research News, 29 (4), 174 – 183. *
Lefley, F., 2006, A pragmatic approach to management accounting research: a research path.
Management Research News, 29 (6), 358 - 371*
Lefley, F., Sarkis, J., and Seol, I., 2007. Skills for Internal Auditors. International
Accountant, Issue 35, April, 38 – 41.
Lefley, F., 2008. The link between the modified internal rate of return (MIRR) and the net
present value (NPV). Journal of the International Professional Managers Association, Feb,
3 (1), 1 -6.
Lefley, F., 2008. Research in applying the financial appraisal profile (FAP) model to an
information communication technology project within a professional association.
International Journal of Managing Projects in Business, 1 (2), 233 – 259. ISSN:1753-8378*
Lefley, F., 2008. Our perception of risk. Corporate Finance Review, May/June, 12 (6), 24 –
26. ISSN: 1089-327X *
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Lefley, F., and Sarkis, J., 2009. Environmental assessment of capital projects: applying the
financial appraisal profile model. Operations Management, 35 (2), 28 – 33. ISSN: 17551501.*
Seol, I., Lefley, F., and Sarkis, J., (2011), Factor structure of the competency framework for
internal auditing (CFIA) skills for entering level internal auditors. International Journal of
Auditing, 15 (3), 217 – 230. ISSN 1099 – 1123. (Scopus abstract/indexed)
Lefley, F., and Sarkis, J., (2013). How to evaluate capital projects that offer
environmental/carbon reducing benefits. International Journal of Applied Logistics. 4 (3), 14
– 24. ISSN: 1947-9573. *(Scopus abstract/indexed)
Lefley, F., (2013). The appraisal of ICT and non-ICT capital projects: a study of the current
practices of large UK organisations. International Journal of Managing Projects in
Business. 6 (3), 505 – 533. ISSN: 1753-8378. * (Scopus abstract/indexed)
Lefley, F., (2013). Information communication technology (ICT) projects, are they different?
Operations Management, 39 (1), 31 – 36. ISSN: 1755-1501.*
Hynek, J., Janecek, V., Lefley, F., Pužová, K., and Nemecek, J., (2014). An exploratory study
investigating the perception that ICT capital projects are different? Evidence from the Czech
Republic. Management Research Review, 37 (10), 912 – 927. ISSN: 2040-8269.* (Scopus
abstract/indexed)
Hynek, J., Janecek, V., Lefley, F. and Pužová, K., (2014). Evaluating project risk: an
exploratory study of UK and Czech Republic practices. International Journal of Systems,
Control and Communications, 6 (2), 167 - 179. ISSN: 1755-9340.* (Scopus abstract/indexed)
Hynek, J., Janecek, V., and Lefley, F, (2015). An exploratory study of comparison between
the UK and Czech Republic of the financial models used in the appraisal of ICT and non-ICT
capital projects. Economics and Management, XV111 (2), 89 – 102. ISSN: 1212-3609*
(Scopus abstract /indexed)
Lefley, F., Hynek, J., and Janecek, V., (2015). Formal assessments, teams and influence of a
project champion in the selection of ICT projects: A Czech Republic and UK study, Prague
Economic Papers, (online first. September) ISSN: 1210-0455 * (Scopus abstract/indexed)
* Academic reviewed journal
Book (or chapter in book)
1. Lefley, F., and Ryan, R., 2005. The Financial Appraisal Profile (FAP) Model, (London:
Palgrave Macmillan). ISBN 1-4039-4752-X
2. Lefley, F., and Sarkis, J., 2007. The financial appraisal profile (FAP) model for evaluation
of enterprise-wide information technology: A case example, in Gunasekaran, A., (Ed),
Modeling and Analysis of Enterprise Information Systems - Advances in Enterprise
Information Systems, Vol. 1, (Chapter 13) (Hershey, PA, USA: Idea Group Inc). ISBN: 9781-59904-477-4
3. Lefley, F., and Sarkis, J., 2011. A pragmatic profile approach to evaluating environmental
sustainability investment decisions, in Luo, Z, (Ed), Green Finance and Sustainability:
Environmental Aware Business Models and Technologies, Section 3, Chapter 17, 321-332.
(Hershey, PA, USA: IGI Global). ISBN: 978-1-60960-531-5 (hbk).
4. Lefley, F., 2015. The FAP Model and its application in the appraisal of ICT projects,
(London: Palgrave Macmillan), ISBN 978-1-137-44351-9
Conferences
Lefley, F., 1992, Capital investment appraisal of advanced manufacturing technology in the
UK: A survey of current practice and opinions. A research paper. BAM Conference,
September, The University of Bradford Management Centre, UK.
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Lefley, F., and Wharton, F., 1993, Advanced Manufacturing Technology Appraisal: A survey
of UK manufacturing companies. Proceedings of the 4th International Production
Management Conference: Management and New Production Systems, London Business
School, UK, p. 369 – 381.
Lefley, F., and Sarkis, J., 1996, A comparative empirical evaluation of AMT appraisal in the
UK & USA - An invited paper. INFORMS Conference, November 3 – 6, Atlanta, USA.
Lefley, F., and Sarkis, J., 2004, Applying the financial appraisal profile (FAP) model to the
evaluation of strategic information technology projects – A refereed research paper. Decision
Science Institute 35th Annual Conference/Meeting, November 20 – 23, Boston, USA.
Seol, I., Sarkis, J, and Lefley, F., 2010, Factor Structure of the Competency Framework for
Internal Auditing (CFIA) Skills for Entering Level Internal Auditors. American Accounting
Association, Southeast Region Conference, April 8 – 10, Mobile, Alabama, USA.
Current Membership of Editorial Boards:
Management Research Review. ISSN: 0140-9174. Published by Emerald Group Publishing
Limited.
Economics and Management Journal. ISSN: 1212-3609 Published by Technical University
of Liberec, Czech Republic. (Scientific Board)
Review Panels:
International Journal of Production Economics. ISSN: 0925-5273 Published by Elsevier
Ltd.
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