Assessing empirical research in managerial accounting: a value-based management perspective

Journal of Accounting and Economics - Tập 32 Số 1-3 - Trang 349-410 - 2001
Christopher D. Ittner1, David F. Larcker1
1Accounting Department, The Wharton School, University of Pennsylvania, Steinberg Hall-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA19104-6365, USA

Tóm tắt

Từ khóa


Tài liệu tham khảo

Abernethy, 1995, The impact of manufacturing flexibility on management control system design, Accounting, Organizations and Society, 20, 241, 10.1016/0361-3682(94)E0014-L

American Institute of Certified Public Accountants, 1994. Improving Business Reporting—A Customer Focus. American Institute of Certified Public Accountants, Inc., New York.

Anctil, 1996, Capital budgeting using residual income maximization, Review of Accounting Studies, 1, 9, 10.1007/BF00565410

Anderson, 1995, Measuring the impact of product mix heterogeneity on manufacturing overhead cost, The Accounting Review, 70, 363

Anderson, S., Lanen, W., 2000. Does information technology mitigate the impact of complexity? A study of within and between firm performance effects of electronic data interchange. Unpublished Working Paper, University of Michigan.

Anderson, 1999, The impact of contextual and procedural factors on the evaluation of activity based costing systems, Accounting, Organizations and Society, 24, 525, 10.1016/S0361-3682(99)00018-5

Anthony, 1965

Arthur Andersen & Co. SC, 1994. Customer Satisfaction Strategies and Tactics. Arthur Anderson & Co. SC, Chicago, IL.

Baiman, 1990, Agency research in managerial accounting, Accounting, Organizations and Society, 15, 341, 10.1016/0361-3682(90)90023-N

Baiman, 1995, Organizational design for business units, Journal of Accounting Research, 33, 205, 10.2307/2491486

Baker, 1989, Organizational changes and value creation in leverage buyouts, Journal of Financial Economics, 25, 163, 10.1016/0304-405X(89)90080-9

Banker, 1993, An empirical study of cost drivers in the U.S. airline industry, The Accounting Review, 68, 576

Banker, 1993, Reporting manufacturing performance measures to workers, Journal of Management Accounting Research, 5, 33

Banker, 1995, An empirical analysis of manufacturing overhead cost drivers, Journal of Accounting and Economics, 19, 115, 10.1016/0165-4101(94)00372-C

Banker, 1996, A field study of the impact of a performance-based incentive plan, Journal of Accounting and Economics, 21, 195, 10.1016/0165-4101(95)00418-1

Banker, 2000, An empirical investigation of an incentive plan that includes nonfinancial performance measures, The Accounting Review, 75, 65, 10.2308/accr.2000.75.1.65

Behn, 1999, Using nonfinancial information to predict financial performance, Journal of Accounting, Auditing, and Finance, 14, 29, 10.1177/0148558X9901400102

Berman, 1999, Does stakeholder orientation matter? the relationship between stakeholder management models and firm financial performance, Academy of Management Journal, 42, 488, 10.2307/256972

Biddle, 1997, Does EVA® beat earnings? Evidence on the associations with stock returns and firm values, Journal of Accounting and Economics, 24, 301, 10.1016/S0165-4101(98)00010-X

Birnberg, 1990, The case for multiple research methods in empirical management accounting research (with an illustration from budget setting), Journal of Management Accounting Research, 2, 33

Bizjak, 1993, Stock-based incentive compensation and investment behavior, Journal of Accounting and Economics, 16, 349, 10.1016/0165-4101(93)90017-A

Bjornenak, 1997, Diffusion and accounting, Management Accounting Research, 8, 3, 10.1006/mare.1996.0031

Black, 1998

Bound, 1995, Problems with instrumental variables estimation when the correlation between the instruments and the endogenous explanatory variables is weak, Journal of the American Statistical Association, 90, 443, 10.2307/2291055

Breiman, 1984

Brickley, 1995, The economics of organizational architecture, Journal of Applied Corporate Finance, 8, 19, 10.1111/j.1745-6622.1995.tb00284.x

Brickley, 1997

Brickley, 1997, Management fads and organizational architecture, Journal of Applied Corporate Finance, 10, 24, 10.1111/j.1745-6622.1997.tb00134.x

Bromwich, 1990, The case for strategic management accounting, Accounting, Organizations and Society, 15, 27, 10.1016/0361-3682(90)90011-I

Bromwich, 1998, Residual income past and future, Management Accounting Research, 9, 391, 10.1006/mare.1998.0091

Brownell, 1990, The budgetary and performance influences of product standardization and manufacturing process automation, Journal of Accounting Research, 28, 388, 10.2307/2491156

Bruns, 1987

Bruns, 1975, Budgetary control and organization structure, Journal of Accounting Research, 13, 177, 10.2307/2490360

Busby, 1997, Real options in practice, Management Accounting Research, 8, 169, 10.1006/mare.1996.0040

Bushman, 2001, Financial accounting information and corporate governance, Journal of Accounting and Economics, 32, 237, 10.1016/S0165-4101(01)00027-1

Bushman, 1995, Aggregate performance measures in business unit manager compensation, Journal of Accounting Research, 33, 101, 10.2307/2491377

Bushman, 1996, CEO compensation, Journal of Accounting and Economics, 21, 161, 10.1016/0165-4101(95)00416-5

Carr, 1996, Strategic investment decisions, Management Accounting Research, 7, 199, 10.1006/mare.1996.0012

Challen, 1983

Chen, 1997, Economic value added (EVATM), Journal of Managerial Issues, 9, 319

Chenhall, 1998, The relationship between strategic priorities, management techniques and management accounting, Accounting, Organizations and Society, 23, 243, 10.1016/S0361-3682(97)00024-X

Chenhall, 1986, The impact of structure, environment, and interdependence on the perceived usefulness of management accounting systems, The Accounting Review, 61, 16

Chong, 1996, Management accounting systems, task uncertainty and managerial performance, Accounting, Organizations, and Society, 21, 415, 10.1016/0361-3682(95)00045-3

Clark, 1992, Tree-based models, 377

Clinch, 1991, Employee compensation and firms research and development activity, Journal of Accounting Research, 17, 59, 10.2307/2491028

Cooper, 1991

Copeland, 1996

Daniel, 1991, Linking quality strategy with management control systems, Accounting, Organizations and Society, 16, 601, 10.1016/0361-3682(91)90015-7

Datar, 1993, Simultaneous estimation of cost drivers, The Accounting Review, 68, 602

Demsetz, 1985, The structure of corporate ownership, Journal of Political Economy, 93, 1155, 10.1086/261354

Dent, 1990, Strategy, organization and control, Accounting, Organizations, and Society, 15, 3, 10.1016/0361-3682(90)90010-R

Dial, 1995, Incentives, downsizing, and value creation at General Dynamics, Journal of Financial Economics, 37, 261, 10.1016/0304-405X(94)00803-9

Dixon, 1997

Dixon, 1990

Dopuch, 1993, A perspective on cost drivers, The Accounting Review, 68, 615

Dopuch, 1994, Economic effects of production changes, Journal of Management Accounting Research, 6, 1

Dunk, 1989, Management accounting lag, Abacus, 25, 149, 10.1111/j.1467-6281.1989.tb00228.x

Dunk, 1992, Reliance on budgetary control, manufacturing process automation and production subunit performance, Accounting, Organizations and Society, 17, 195, 10.1016/0361-3682(92)90020-S

The Economist, 1996. A Star to Sail by? August 2, pp. 53–55.

Ely, 1991, Interindustry differences in the relation between compensation and firm performance, Journal of Accounting Research, 29, 37, 10.2307/2491027

Fiegener, 1997, The control of strategy in dynamic versus stable environments, Journal of Managerial Issues, 9, 72

Fisher, 1995, Contingency-based research on management control systems, Journal of Accounting Literature, 14, 24

Fisher, 1999, The impact of product variety on automobile assembly operations, Management Science, 45, 771, 10.1287/mnsc.45.6.771

Forrester, 1961

Foster, 1990, Manufacturing overhead cost driver analysis, Journal of Accounting and Economics, 12, 309, 10.1016/0165-4101(90)90052-6

Foster, G., Gupta, M., 1997. The customer profitability implications of customer satisfaction. Unpublished Working Paper, Stanford University and Washington University.

Foster, 1997, Measuring the success of activity-based cost management and its determinants, Journal of Management Accounting Research, 9, 109

Garvey, G., Milbourn, T., 2000. EVA versus earnings: does it matter which is more highly correlated with stock returns? Journal of Accounting Research, in preparation.

Gaver, 1993, Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies, Journal of Accounting and Economics, 16, 125, 10.1016/0165-4101(93)90007-3

General Accounting Office, 1998. Managing for results: the statutory framework for performance-based accountability and results. GAO/GGD/AIMD-98-52, General Accounting Office, Gaithersburg, MD.

Gjesdal, 1981, Accounting for stewardship, Journal of Accounting Research, 19, 208, 10.2307/2490970

Goold, 1993

Gordon, 1976, A contingency framework for the design of accounting information systems, Accounting, Organizations and Society, 1, 59, 10.1016/0361-3682(76)90007-6

Gordon, 1983, Management accounting systems, perceived environmental uncertainty and organizational structure, Accounting, Organizations, and Society, 9, 33, 10.1016/0361-3682(84)90028-X

Gordon, 1992, Postauditing of capital expenditures and firm performance, Accounting, Organizations, and Society, 17, 741, 10.1016/0361-3682(92)90002-A

Gosselin, 1997, The effect of strategy and organizational structure on the adoption and implementation of activity-based costing, Accounting, Organizations, and Society, 22, 105, 10.1016/S0361-3682(96)00031-1

Govindarajan, 1988, A contingency approach to strategy implementation at the business-unit level, Academy of Management Journal, 31, 828, 10.2307/256341

Govindarajan, 1990, Strategy, control systems, and resource sharing, Academy of Management Journal, 33, 259, 10.2307/256325

Govindarajan, 1985, Linking control systems to business unit strategy, Accounting, Organizations and Society, 10, 51, 10.1016/0361-3682(85)90031-5

Greenberg, 1994, Participative budgeting, Journal of Accounting Literature, 13, 117

Guilding, 1999, Competitor-focused accounting, Accounting, Organizations and Society, 24, 583, 10.1016/S0361-3682(99)00007-0

Gul, 1994, The effects of management accounting systems, perceived environmental uncertainty and decentralization on managerial performance, Accounting, Organizations and Society, 19, 413, 10.1016/0361-3682(94)90005-1

Haka, 1987, Capital budgeting techniques and firm specific contingencies, Accounting, Organizations and Society, 12, 31, 10.1016/0361-3682(87)90014-6

Haka, 1985, Sophisticated capital budgeting selection techniques and firm performance, The Accounting Review, 60, 651

Hartmann, 1999, Testing contingency models in budgetary research, Accounting, Organizations and Society, 24, 291, 10.1016/S0361-3682(99)00002-1

Hayes, 1977, The contingency theory of managerial accounting, The Accounting Review, 52, 22

Hergert, 1989, Accounting data for value chain analysis, Strategic Management Journal, 10, 175, 10.1002/smj.4250100207

Hogan, C., Lewis, C., 1999. The long-run performance of firms adopting compensation plans based on economic profits. Unpublished Working Paper, Vanderbilt University.

Holthausen, 1995, Business unit innovation and the structure of executive compensation, Journal of Accounting and Economics, 19, 279, 10.1016/0165-4101(94)00385-I

Indjejikian, R., Lenk, P., Nanda, D., 2000. Targets, standards and performance expectations: evidence from annual bonus plans. Unpublished Working Paper, University of Michigan.

Innes, 1991, ABC, Management Accounting (U.K.), 69, 28

Institute of Management Accountants, 1999. Counting More, Counting Less. Transformations in the Management Accounting Profession. IMA Publications, Montvale, NJ.

International Federation of Accountants, 1998. International Management Accounting Practice Statement: Management Accounting Concepts. International Federation of Accountants, New York.

Ittner, 1995, Total quality management and the choice of information and reward systems, Journal of Accounting Research, 33, 1, 10.2307/2491371

Ittner, 1997, Quality strategy, strategic control systems, and organizational performance, Accounting, Organizations and Society, 22, 293, 10.1016/S0361-3682(96)00035-9

Ittner, 1998, Innovations in performance measurement, Journal of Management Accounting Research, 6, 205

Ittner, 1998, Are non-financial measures leading indicators of financial performance?, Journal of Accounting Research, 36, 1, 10.2307/2491304

Ittner, C., Larcker, D., 2001. Determinants of performance measure choices in worker incentive plans. Journal of Labor Economics, in preparation.

Ittner, 1997, The choice of performance measures in annual bonus contracts, The Accounting Review, 72, 231

Ittner, 1997, The activity-based cost hierarchy, production policies, and firm profitability, Journal of Management Accounting Research, 9, 142

Ittner, 1999, Supplier selection, monitoring practices, and firm performance, Journal of Accounting and Public Policy, 18, 253, 10.1016/S0278-4254(99)00003-4

Ittner, C., Larcker, D., Meyer, M., 2001. The anatomy of a balanced scorecard bonus plan. Unpublished Working Paper, University of Pennsylvania.

Ittner, 1995, Explaining plant-level differences in manufacturing overhead, Production and Operations Management, 4, 312, 10.1111/j.1937-5956.1995.tb00297.x

Jensen, 1998

Kaplan, 1983, Measuring manufacturing performance, The Accounting Review, LVII, 686

Kaplan, 1990

Kaplan, 1996

Keating, 1997, Determinants of divisional performance evaluation practices, Journal of Accounting and Economics, 24, 243, 10.1016/S0165-4101(98)00008-1

Klammer, 1973, The association of capital budgeting techniques with firm performance, The Accounting Review, 48, 353

Koga, K., 1998a. The cost side of target costing: the effect on product development productivity. Unpublished Working Paper, Waseda University.

Koga, K., 1998b. Determinants of effective product cost management during product development: opening the black box of target costing. Unpublished Working Paper, Waseda University.

KPMG Consulting, 1999. Value Based Management: The Growing Importance of Shareholder Value in Europe. KPMG Consulting, London.

Krumwiede, 1998, The implementation stages of activity-based costing and the impact of contextual and organizational factors, Journal of Management Accounting Research, 10, 239

Lambert, 2001, Contract theory and accounting, Journal of Accounting and Economics, 32, 3, 10.1016/S0165-4101(01)00037-4

Lambert, 1987, An analysis of the use of accounting and market measures of performance in executive compensation contracts, Journal of Accounting and Research, 25, 179, 10.2307/2491081

Langfield-Smith, 1997, Management control systems and strategy, Accounting, Organizations and Society, 22, 207, 10.1016/S0361-3682(95)00040-2

Larcker, 1981, The perceived importance of selected information characteristics for strategic capital budgeting decisions, The Accounting Review, 54, 519

Lehn, 1997, EVA, accounting profits, and CEO turnover, Journal of Applied Corporate Finance, 10, 90, 10.1111/j.1745-6622.1997.tb00139.x

Lewellen, 1987, Executive compensation and executive incentive problems, Journal of Accounting and Economics, 9, 287, 10.1016/0165-4101(87)90009-7

Li, 1998, Approaches to testing interaction effects using structural equation modeling methodology, Multivariate Behavioral Research, 33, 1, 10.1207/s15327906mbr3301_1

Lingle, 1996, From balanced scorecard to strategic gauges, Management Review, 85, 56

Lorange, 1984, Considerations in implementing strategic control, Journal of Business Strategy, 5, 27

Luft, J, Shields, M., 2000. Mapping management accounting: making structural models from theory-based empirical research. Unpublished Working Paper, Michigan State University.

MacArthur, 1998, Cost driver analysis in hospitals, Journal of Management Accounting Research, 10, 279

Maher, 1998, A field study on the limitations of activity-based costing when resources are provided on a joint and indivisible basis, Journal of Accounting Research, 36, 129, 10.2307/2491324

Malmi, 1999, Activity-based costing diffusion across organizations, Accounting, Organizations and Society, 24, 649, 10.1016/S0361-3682(99)00011-2

McGowan, 1998, Perceived benefits of ABCM implementation, Accounting Horizons, 12, 31

McGowan, 1997, Satisfaction with activity-based cost management implementation, Journal of Management Accounting Research, 9, 216

Melumad, 1992, A theory of responsibility centers, Journal of Accounting and Economics, 15, 445, 10.1016/0165-4101(92)90002-J

Merchant, 1984, Influences on department budgeting, Accounting, Organizations and Society, 9, 291, 10.1016/0361-3682(84)90013-8

Merchant, 1989, The achievability of budget targets in profit centers, The Accounting Review, 64, 539

Merchant, K., Van Der Stede, W., Zheng, L., 2000. Disciplinary constraints on the advancement of knowledge: the case of organizational incentive systems. Unpublished Working Paper, University of Southern California.

Mia, 1994, The usefulness of management accounting systems, functional differentiation and managerial effectiveness, Accounting, Organizations and Society, 19, 1, 10.1016/0361-3682(94)90010-8

Miles, 1978

Milgrom, 1992

Milgrom, 1995, Complementarities and fit, Journal of Accounting and Economics, 19, 179, 10.1016/0165-4101(94)00382-F

Milunovich, 1996, EVA in the computer industry, Journal of Applied Corporate Finance, 9, 104, 10.1111/j.1745-6622.1996.tb00108.x

Murphy, K., 1998. Executive compensation. Unpublished Working Paper, University of Southern California.

Murphy, K., 1999. Performance standards in incentive contracts. Unpublished Working Paper, University of Southern California.

Myers, 1996, The metric wars, CFO: The Magazine for Chief Financial Officers, 12, 41

Myers, 1991, Postauditing capital assets and firm performance, Managerial and Decision Economics, 12, 317, 10.1002/mde.4090120406

Nelson, 1990, The distribution of the instrumental variables estimator and its t-ratio when the instrument is a poor one, Journal of Business, 63, S125, 10.1086/296497

Ness, 1995, Tapping the full potential of ABC, Harvard Business Review, 73, 130

Noreen, 1994, Are overhead costs strictly proportional to activity? evidence from hospital service departments, Journal of Accounting and Economics, 17, 255, 10.1016/0165-4101(94)90012-4

Nunnally, 1967

O’Byrne, 1996, EVA® and market value, Journal of Applied Corporate Finance, 9, 116, 10.1111/j.1745-6622.1996.tb00109.x

Otley, 1980, The contingency theory of management accounting, Accounting, Organizations and Society, 5, 413, 10.1016/0361-3682(80)90040-9

Otley, 1999, Performance management, Management Accounting Research, 10, 363, 10.1006/mare.1999.0115

Paul, 1992, On the efficiency of stock-based compensation, Review of Financial Studies, 5, 471, 10.1093/rfs/5.3.471

Pavlik, 1993, Executive compensation, Journal of Accounting Literature, 12, 131

Perera, 1997, Customer-focused manufacturing strategy and the use of operations-based non-financial performance measures, Accounting, Organizations and Society, 22, 557, 10.1016/S0361-3682(96)00048-7

Ping, 1996, Latent variable interaction and quadratic effect estimation, Psychological Bulletin, 119, 166, 10.1037/0033-2909.119.1.166

Platt, D., 1996. Production method and the association of manufacturing overhead and activities. Unpublished Working Paper, Cornell University.

Porter, 1985

Prendergast, C., 1999. The tenuous tradeoff of risk and incentives. Unpublished Working Paper, University of Chicago.

Prendergast, 1993, Discretion and bias in performance evaluation, European Economic Review, 37, 355, 10.1016/0014-2921(93)90024-5

PricewaterhouseCooper, 1999. Value Based Management: The 1999 Swiss Implementation Survey. PricewaterhouseCoopers, Zurich, Switzerland.

Reichelstein, 1997, Investment decisions and managerial performance evaluation, Review of Accounting Studies, 2, 157, 10.1023/A:1018376808228

Riley, 1987

Rogerson, 1997, Intertemporal cost allocation and managerial investment incentives, Journal of Political Economy, 105, 770, 10.1086/262093

Rucci, 1998, The employee–customer–profit chain at Sears, Harvard Business Review, 76, 82

Scapens, 1985, An international study of accounting practices in divisionalized companies and their associations with organizational variables, The Accounting Review, 60, 231

Scott, 1999, Performance measurement and managerial teams, Accounting, Organizations and Society, 24, 263, 10.1016/S0361-3682(98)00060-9

Selto, 1995, Assessing the organizational fit of a just-in-time manufacturing system, Accounting, Organizations and Society, 20, 665, 10.1016/0361-3682(95)00022-2

Senge, 1990

Shank, 1994

Shields, 1995, An empirical analysis of firms implementation experiences with activity-based costing, Journal of Management Accounting Research, 7, 1

Shields, 1997, Research in management accounting by North Americans in the 1990s, Journal of Management Accounting Research, 9, 1

Shields, 1995, Effective long-term cost reduction, 200

Sim, 1998, The performance effects of complementarities between manufacturing practices and management accounting systems, Journal of Management Accounting Research, 10, 325

Simons, 1987, Accounting control systems and business strategy, Accounting, Organizations and Society, 12, 357, 10.1016/0361-3682(87)90024-9

Simons, 1991, Strategic orientation and top management attention to control systems, Strategic Management Journal, 12, 49, 10.1002/smj.4250120105

Sloan, 1993, Accounting earnings and top executive compensation, Journal of Accounting and Economics, 16, 56, 10.1016/0165-4101(93)90005-Z

Smith, 1993, Investment monitoring systems, abandonment of capital assets, and firm performance, Journal of Managerial and Accounting Research, 5, 281

S-Plus, 1991. S-Plus Users Manual, Vol. 2. Statistical Sciences Inc., Seattle, WA.

Sterman, 1997, Unanticipated side effects of successful quality programs, Management Science, 43, 503, 10.1287/mnsc.43.4.503

Stern, 1995, The EVA financial management system, Journal of Applied Corporate Finance, 8, 32, 10.1111/j.1745-6622.1995.tb00285.x

Stewart, 1991

Stewart, 1995, EVA® works—but not if you make these common mistakes, Fortune, 131, 117

Swenson, 1995, The benefits of activity-based cost management to the manufacturing industry, Journal of Management Accounting Research, 7, 167

Tibshirani, 1988, Estimating transformations for regression via additivity and variance stabilization, Journal of the American Statistical Association, 83, 394, 10.2307/2288855

Trigerorgis, 1991, An integrated options-based strategic planning and control model, Managerial Finance, 17, 16, 10.1108/eb013667

Vancil, 1978

Wallace, 1997, Adopting residual income-based compensation plans, Journal of Accounting and Economics, 24, 275, 10.1016/S0165-4101(98)00009-3

Wallace, 1998, EVA® financial systems, Advances in Management Accounting, 6, 1

Wallman, 1995, The future of accounting and disclosure in an evolving world, Accounting Horizons, 9, 81

Waterhouse, 1978, A contingency framework for management accounting systems research, Accounting, Organizations, and Society, 3, 65, 10.1016/0361-3682(78)90007-7

Wruck, 1994, Financial policy, internal control, and performance, Journal of Financial Economics, 36, 157, 10.1016/0304-405X(94)90023-X

Wruck, 1994, Science, specific knowledge, and total quality management, Journal of Accounting and Economics, 18, 247, 10.1016/0165-4101(94)90023-X

Young, 1996, Survey research in management accounting, 55

Young, 1991, New manufacturing practices and cost management, Journal of Accounting Literature, 10, 265

Young, 1993, Explaining cross-sectional workgroup performance differences in a JIT facility, Journal of Management Accounting Research, 5, 300

Zimmerman, 1997, EVA and divisional performance measurement, Journal of Applied Corporate Finance, 10, 98, 10.1111/j.1745-6622.1997.tb00140.x