At then end of the 1980's, Goold amp; Campbell (1987) helped to generate new interest in the subject of management's ability to create value. According to Goold et al (1994) this ability is manifested in different so-called parenting styles in which the corporate strategic planning and follow-up...

This article is written in the belief that it is important to encourage research into accounting for regulated industries. It seeks to illustrate this by considering as an exemplar the use of Accounting Separation (using regulated industry nomenclature) and hierarchical costing systems in the UK...

Organisations must find ways of surviving in times of rapid, transformative environmental change. Organisational learning is the process of changing the organisation to fit the change environment, and may be either adaptive (not involving paradigmatic change) or generative (moving to new shapes...

This paper develops the tests a standard-based control system model which consists of three interrelated controls-participative standard setting, standard-based incentives, and standard tightness-as well as selected antecedents (task variety, task analyzability, information asymmetry) and...

Truthful subordinate communication of private information is important to effective resource allocation. Analytical research has proposed mechanisms to attain this objective, yet few instances of their adoption have been reported. Instead, real world control mechanisms tend to be much simpler...

This study tests the hypothesis that the behavior and attitudes of Chinese and Western managers to budgetary participation will be different because of cultural differences. Chinese managers were used to represent managers from high collectivist, large power distance and long term orientation...

This study introduces a model of a firm consisting of two interacting divisions with capacity constraints that are private information. The model takes place in a setting in which the capacity of each division is known only to the division manager. Under this setting, top management can monitor...

A firm with two divisions, each run by a risk-averse manager, contracts with the two managers to operate their divisions and possibly engage in interdivisional trade. Each division can increase the total surplus generated through interdivisional trade by making costly relationship-specific...

This paper examines the empirical cross-sectional relationship between residual income and market value for UK firms. It does so because of recent claims that RI is a better measure for use by firms in internal planning and control activities than, say earnings. If such is the case then,...

This paper compares and contrasts Economic Value Added (EVA) and Intellectual Capital (IC) as two technologies of managing oriented towards encouraging growth. The analysis suggests that EVA and IC contrast greatly. EVA is a financial management system based on radical delegation and...