This paper presents an analytical model to study the trade- offs that managers face when they use accounting signals for multiple uses. We analyze the situation where a signal is informative about the agent's effort (and hence useful for contracting with the agent) and about the attractiveness...

The question of whether management control systems (MCS) adopted by start-up companies are valuable is examined. We investigate an international sample of start-ups, including their detailed MCS adoptions and financing histories. We find that higher MCS intensity, which is measured as the number...

Adopting management accounting systems are important events in the life of young and growing companies. Using a sample of 78 startup companies, we document cross-sectional differences in the adoption of operating budgets as well as seven other management accounting systems. We find that our...