 Management control systems in joint ventures: literature review and description of three casesMarcela Porporato International Journal of Managerial and Financial Accounting, 2013, vol. 5, issue 1, 45-63 Abstract: This paper explains how management control systems (MCS) can be understood as made up of five distinct subsystems but why only three are relevant for joint ventures (JV). It explores the reasons that have been advanced in the academic literature to support the identification of each MCS component as a coordination mechanism in Barnard's (1938) terms (information versus control). One component, performance measurement, is conceived as a control mechanism; while budgeting/planning and transfer pricing are perceived as information mechanisms. The paper offers a coherent but brief literature review of MCS components as identified in the management accounting literature. This study presents the theory behind three MCS's components and describes them in real companies. The literature review is based mainly on Kaplan (1982), Demski (1994) and Chapman et al. (2007). The study contributes to literature by organising previous and relevant work in the field around three MCS components that are critical in JVs. Keywords: management control systems; MCS; joint ventures; JVs; budgeting; planning; performance measurement; transfer pricing; literature review; case studies; management accounting. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:injmfa:v:5:y:2013:i:1:p:45-63 Access Statistics for this article More articles in International Journal of Managerial and Financial Accounting from Inderscience Enterprises Ltd |
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