Risk in the sense of potential negative outcome is inherent to managerial action. In the lastdecade, an increasing focus has been put in theory as well as practice on the conceptual designof risk management and risk controlling systems, even though no clear concept exists up tonow on how a risk...

This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...

Design of Management Control Systems -- Development of a risk-based MCS framework -- Risk profile contingent design and use of MCS -- Risk profile contingent packages of MCS -- Risk profile contingent performance analysis of MCS

This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...