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Proponents of the Balanced Scorecard (BSC) emphasize that the BSC translates strategy into action, but that Strategy Maps are a crucial mean to sustainable change. This literature review investigates how Strategy Maps are linked to strategic and organizational change. We aim at a better...
Persistent link: https://www.econbiz.de/10014138383
This case study is applicable both as an exam question and as a case study for class discussion. It allows for a broad discussion of most topics covered in both undergraduate and graduate courses in strategy or management accounting. Due to its breadth, the teacher can easily adjust the required...
Persistent link: https://www.econbiz.de/10014144063
superior to the BSC itself in communicating how to achieve strategic goals. Also, Strategy Maps facilitate managers’ evaluation … of the relevant environment. Nevertheless, the common measure bias is a usual pitfall: top managers have a tendency to … use their own strategic targets as a yardstick for lower-level employees. This paper helps managers understand the most …
Persistent link: https://www.econbiz.de/10014136256
The purpose of this paper is to understand how the motives for a Balanced Scorecard (BSC) adoption and organizational fit interact with the design and sustainability of a BSC adoption. We follow up on 10 Danish organizations that were showcased as best-practice adopters 15 years ago and identify...
Persistent link: https://www.econbiz.de/10014259964
This paper models how to calculate credit spreads on high-yield bond issues if the corporation has no underlying traded stocks. The model is developed from existing literature and from an intuitive idea and will not use outdated financial ratios and variables. We find that the use of outdated...
Persistent link: https://www.econbiz.de/10012853592
Robert Kaplan and David Norton emphasize that the four perspectives of their standard balanced scorecard (BSC) need to be adapted to the organizational context. Yet, we lack a coherent body of knowledge on these adaptations. 20 years after the implementation of the BSC, a literature review is...
Persistent link: https://www.econbiz.de/10013028521
Challenging times, such as the recent financial crisis, appear to cause organizations to change their business reporting. Yet, there is not much evidence of how changes in business reporting were enacted by banks, and there is only little discussion about the extent to which this can be seen and...
Persistent link: https://www.econbiz.de/10013028571
This paper provides evidence of how a transition to IFRS affects key financial ratios and the pertinent financial statement items. Building on Lantto and Sahlström's (2009) evidence from creditor-oriented code law regimes, we examine the impact of IFRS transition on listed companies in the...
Persistent link: https://www.econbiz.de/10013028662
Persistent link: https://www.econbiz.de/10012945337