Systemic approach to management control through determining factors

This article aimed to analyse the influence of the main factors on management control used in optimization activities, in order to reach the strategic goals of a company. Agency, transactional costs and contingency theories have been analysed from the traditional perspective. This study reviewed res...

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Bibliographic Details
Published in:Journal of risk and financial management 2018-12, Vol.11 (4), p.1-20
Main Authors: Bostan, Ionel, Bîrca, Aliona, Ţurcanu, Viorel, Sandu, Christiana Brigitte
Format: Article
Language:English
Subjects:
20th century
Academic disciplines
Accounting
budgetary system and strategies
company performance
control environment
Decision making
Objectives
operational control
Sociology
State budgets
Stock exchanges
Strategic planning
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Summary:This article aimed to analyse the influence of the main factors on management control used in optimization activities, in order to reach the strategic goals of a company. Agency, transactional costs and contingency theories have been analysed from the traditional perspective. This study reviewed resource-based, institutional, planned behaviour and upper echelon theories, and underlined the main features of management control processes. Empirical evaluation was conducted using data collected from interviews of top management of the main and secondary segments of the Bucharest Stock Exchange. Consequently, we showed the specific features of the systemic approach to management control by means of its determining factors: control environment, management strategies and budgetary system, operational control and the performance appraisal system.
ISSN:1911-8074
1911-8066
1911-8074
DOI:10.3390/jrfm11040065