Risk Profile Contingent Analysis of Management Control Systems: Evidence from the Mechanical Engineering Industry (Unternehmensführung & Controlling)

This study contributes to an existing and growing body of literature in the field of management accounting and control concerned with implications from increased uncertainty on MCS design and use. It is found that the choice of MCS reflects the firm's risk profile, and that firms that choose MCS design and use better suited to their risk profile perform better than others. Using data from a survey of 362 Chief Executive Officers, this study yields a model of fit that enables the stimulation of selective improvements and helps to achieve a competitive advantage. Contents 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 Target Groups Scholars and students of business administration, strategy and managerial accounting, management science, and risk management Specialists and executive staff in the field of business leadership, management control, strategic management, and risk-based enterprise management About the Author Dr. Peter Göstl studied mechanical engineering and economics as well as business administration in Vienna and is currently responsible for the overall operations of a medium-sized company in the area of mechanical engineering located in Austria. As CEO and Managing Director he focuses specifically on management control, strategic management, and the development of the organization This study contributes to an existing and growing body of literature in the field of management accounting and control concerned with implications from increased uncertainty on MCS design and use. It is found that the choice of MCS reflects the firm's risk profile, and that firms that choose MCS design and use better suited to their risk profile perform better than others. Using data from a survey of 362 Chief Executive Officers, this study yields a model of fit that enables the stimulation of selective improvements and helps to achieve a competitive advantage. Contents 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 Target Groups Scholars and students of business administration, strategy and managerial accounting, management science, and risk management Specialists and executive staff in the field of business leadership, management control, strategic management, and risk-based enterprise management About the Author Dr. Peter Göstl studied mechanical engineering and economics as well as business administration in Vienna and is currently responsible for the overall operations of a medium-sized company in the area of mechanical engineering located in Austria. As CEO and Managing Director he focuses specifically on management control, strategic management, and the development of the organization Front Matter ....Pages I-XXI Introduction (Peter Göstl)....Pages 1-9 Literature Review (Peter Göstl)....Pages 11-100 Theory Development and Hypotheses (Peter Göstl)....Pages 101-128 Methods (Peter Göstl)....Pages 129-187 Results (Peter Göstl)....Pages 189-256 Conclusions (Peter Göstl)....Pages 257-262 Back Matter ....Pages 263-301