Commitment is a necessary prerequisite for gaining sustainable competitive advantage. By the way of commitment a firm is able to establish mobility barriers for capital bound in specific assets and to protect thereby supernormal profits against competition by entry barriers.(...)

The assessment of the cost of capital is of paramount importance for rate-regulated firms, as the rates of regulated services depend crucially from this cost driver. The paper uses objectives and peculiarities of rate regulation as a starting point. Based thereupon, it analyses methodical issues...

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Purpose: This study aims to investigate the role of environmental management control systems as mechanisms to translate environmental strategy into environmental managerial performance. Design/methodology/approach: Based on survey data from 218 firms, the authors test a structural equation...

Purpose: Cultural studies in business and economics research are still limited to particular cultures. Knowledge on cultural differences may help international corporations to adapt management practices according to the markets they are operating in. The purpose of this paper is to study the...

Purpose: This study aims to explore the controllability of risk culture, identify and categorize risk culture controls used in firms and explore how industry and ownership structure affect the use of different risk culture controls. Design/methodology/approach: This explorative study is based...

Die vorliegende Arbeit analysiert die Eignung von SAP-Software als Controllinginstrument.

In this experimental study, we compare the influence of risk communication in the form of stories versus statistics on the level of investment in a resilience-promoting activity. We also analyze how this influence interacts with time gap and with an individual's preferences for risk and numbers....

This experimental study analyzes how a key factor, information load, influences decision making in escalation situations, i.e., in situations in which decision makers reinvest further resources in a losing course of action, even when accounting information indicates that the project is...