Quotation Speckbacher, Gerhard, Paul, Wentges. 2012. The Impact of Family Control on the Use of Performance Measures in Strategic Target Setting and Incentive Compensation: A Research Note. Management Accounting Research 23 (1): 34-46.


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Abstract

This paper deals with the impact of a firm's governance structure on its management control system (MCS). We argue that the involvement of founding family members in the top management team (TMT) as a corporate governance characteristic has an impact on how the TMT exercises control over subordinates. Based on a sample of 304 mainly small and medium-sized firms, our paper provides empirical evidence that founding family involvement in the TMT is associated with the latter making less use of performance measures in its strategic target setting and incentive practices, and that this impact of family involvement is moderated by firm size.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Management Accounting Research
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-A, WH-A
Language English
Title The Impact of Family Control on the Use of Performance Measures in Strategic Target Setting and Incentive Compensation: A Research Note
Volume 23
Number 1
Year 2012
Page from 34
Page to 46
Reviewed? Y

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People
Speckbacher, Gerhard (Details)
External
Paul, Wentges
Organization
Institute for Strategy and Managerial Accounting IN (Details)
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