Systemic Approach to Management Control through Determining Factors

Ionel Bostan, Aliona Bîrcă, Viorel Țurcanu and Christiana Brigitte Sandu
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Ionel Bostan: Faculty of Law and Administrative Sciences, Stefan cel Mare University, Suceava 720229, Romania
Aliona Bîrcă: Faculty of Accounting, Academy of Economic Studies of Moldova, Chișinău MD-2005, Moldova
Viorel Țurcanu: Faculty of Accounting, Academy of Economic Studies of Moldova, Chișinău MD-2005, Moldova
Christiana Brigitte Sandu: Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Iași 700506, Romania

JRFM, 2018, vol. 11, issue 4, 1-20

Abstract: 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.

Keywords: control environment; budgetary system and strategies; operational control; company performance (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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