Abstract
Much has been written about phases of control, be it budgetary or organizational. There is also a growing portfolio of research within the general area of shareholders and capital markets. What has escaped major attention, so far, is a coming together of how these individual elements of control have evolved and how they are currently increasingly integrated with a major influence on organizations. This has been made easier by the growth in globalization and could be argued to have lead to an institutionalization of many practices within the areas of budgets, control and shareholder influence.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Allen, D. (1998) Variations on a theme, Management Accounting, 76, 58–60.
Argyris, C. (1952) The impact of budgets on people, New York: The Controllership Foundation.
Anthony, R. N. (1965) Planning and control systems: A framework for analysis, British Management Journal, 6, 31–44.
Anthony, R. and Dearden, J. (1980) Management control systems, Homewood: Irwin.
Armstrong, P. and Tomes, A. (1996) Art and Accountability: The languages of design and managerial control, Accounting, Auditing and Accountability Journal, 9, 114–125.
Banaga, A., Ray, G. and Tomkins, C. (1995) A conceptual framework for corporate governance and effective management, Corporate Governance, 3.
Barsky, N. P., Hussein, M. E. and Jablonsky, S. F. (1999) Shareholder and stake-holder value in corporate downsizing, Accounting Auditing and Accountability Journal, 12, 583–604.
Becker, S and Green, D. (1962) Budgeting and employee behaviour, Journal of Business, 35 (4): 392–402.
Berle, A. and Means, G. (1932) The modern corporation and private property, London: Macmillan.
Bird, P. (1973) Accountability, Haymarket publications: London.
Broadbent, J. and Laughlin, R. (1996) Developing empirical research: An example informed by a Habermasian approach, Accounting Auditing and Accountability Journal, 10, 622–648.
Brownell, P. J. (1981) Participation in budgeting, locus of control and organizational effectiveness. The Accounting Review (October), 56: 844–860
Brownell, P. (1982) Participation in the budgeting process: When it works and when it doesn’t, Journal of Accounting Literature, 1, 124–153.
Carey, A. (1967) The Hawthorne studies: A radical criticism, American Sociological Review, 32 (3): 403–416.
Clegg, S. (1990) Modern organisations: Organisation studies in the postmodern world, London: Sage.
Cooper, R and Kaplan, R.S., (1992) Activity based systems: Measuring the costs of resource usage, Accounting Horizons, Sept., 1–13.
Dermer, J. D. and Lucas, R. G. (1986) The illusion of managerial control, Accounting, Organizations and Society, 11, 471–482.
DiMaggio, W. and Powell, P. (1991) Introduction. In The new institutionalism in organisational analysis (ed., DiMaggio, W. and Powell, P.) Chicago: University of Chicago Press.
Drucker, P. (1964) Controls, Control and Management. In Management controls: New directions in basic research. (ed., Bonini, C. P., Jaedicke, R. H. and Wagner, H. M.) New York: John Wiley.
Drucker, P. (1999) Knowledge-Worker productivity: The biggest challenge, California Management Review, 41, 79–94.
Dunk, A. S. and Perara, H. (1997) The incidence of budgetary slack: A field study exploration, Accounting, Auditing and Accountability Journal, 10, 649–664.
Dunk, A. S. (1993) The effect of budget emphasis and information asymmetry on the relation between budgetary participation and slack, Accounting Review, 68, 400–410.
Emmanuel, C., Otley, D. and Merchant, K. (1990) Accounting for Management Control, London: Chapman and Hall.
Fisher, J. (1995) Contingency-based research on management control systems: Catagorisation by level of complexity, Journal of Accounting Literature, 14, 24–53.
Ghoshal, S. (2005) Bad management theories are destroying good management practices, Academy of Management Learning and Education, 4 (1): 75–91.
Graham, M., Harvey, C. R. and Rajgopal, S. (2005) The economic implications of corporate financial reporting, Journal of Accounting and Economics, 40, 3–73.
Goldenberg, D. (2000) Shareholder value debunked, Strategy and Leadership, 28 (1): 30–36.
Handy, C. (1995) Beyond certainty: The changing world of organizations. Hutchinson, Random house (U.K.). Chapter 4.
Handy, C. (2002) What’s a business for? Harvard Business Review, December 2002.
Haslam, C., Neale, A. and Johal, S. (2000) Economics in a Business Context, Thomson learning: London.
Hofstede,G. H., (1968) The game of budget control. Chapter1. Tavistock, London.
Hofstede, G. (1978) The poverty of management control philosophy Academy of Management review, 3 (3): 450–461.
Hope, J. D., and Fraser, J. R. T. (2003) Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap, Boston, MA: Harvard Business School Press.
Hopper, T., Otley, D. and Scapens, B. (2001) British management accounting research: Where and whither: Opinions and recollections. British Accounting Research, 33 (3).
Hopwood, A. (1974) Accounting and Human Behaviour, Prentice-Hall London.
Hopwood, A. G, 1972. An empirical study of the role of accounting data in performance evaluation: Empirical research in accounting selected studies, supplement to Journal of Accounting Research, 10, 156–182.
Jermier, J. M. and Barker, L. J. (1979) Leader behaviour in a police command bureaucracy: A closer look at the quasi-military model. Administrative Science Quarterly, 24, 1–23.
Kaplan, R. S. and Norton, D. P. (1996) The Balanced Scorecard: Translating strategy into action. Harvard Press.
Kren, L. (1992) Budget participation and managerial performance, Accounting Review, 67 (3): 511–526.
Laughlin, R. (1991) Environmental disturbances and organisation transitions and transformations: Some alternative models. Organization Studies, 12 (2): 209–232.
Lazonick, W. and O’Sullivan, M. (2000) Maximising shareholder value: A new ideology for corporate governance, Economy and Society, 29 (1): 13–35.
Llewellyn, S. (1994) Managing the boundary how accounting is implicated in maintaining the organisation, Accounting, Auditing and Accountability Journal, 7, 4–23.
Llewellyn, S. (1998) Pushing budgets down the line: Ascribing financial responsibility in the UK social services, Accounting, Auditing and Accountability Journal, 11 (3): 292–308.
Lowe, E. A. (1971) On the idea of a management control system: Integrating accounting and management control, Journal of Management Studies, 8 (1): 1–12.
Lowe, E. A. and Shaw, R. W. (1968) An analysis of managerial biasing: Evidence from a company’s budgeting process, Journal of Management Studies, 5 (3): 304–315.
Luuka, K. (1988) Budgetary biasing in organizations: Theoretical framework and empirical evidence, Accounting Organizations and Society, 13, 281–301.
Marsh, P. (1990) Short-Termism on Trial, London: London Business School.
Mass, N.J. (2005) The relative value of growth, Harvard business review (April).
Merchant, K. A. (1985) Budgeting and the propensity to create budget slack, Accounting Organizations and Society, 10, 201–210.
Merchant, K. A. (1990) The effects of financial controls on data manipulation and management myopia, Accounting Organizations and Society, 15, 297–313.
Merchant, K. A. and Manzoni, J. F. (1989) The achievability of budget targets in profit centres: A field study, Accounting Review, 64, 539–558.
Meyer, J. and Rowan, B. (1977) Institutional organisations: Formal structures as myth and ceremony, American Journal of Sociology, 83, 340–363.
Miller, P. and O’Leary, T. (1987) Accounting and the construction of the governable person, Accounting, Organizations and Society, 12, 235–265.
Mintzberg, H. (1989) Mintzberg on Management, New York: Free Press.
Moene, K. O. (1986) Types of bureaucratic interaction, Journal of public economics, 29, 333–345.
Morgan, G. (1986) Images of Organisation, London: Sage.
Moynihan, D. P., and Pandey, S. K. (2004) Testing how management matters in an era of government by performance management, Journal of Public Administration Research and Theory, 15 (3): 421–439.
Nouri, H. and Parker, R. J. (1998) The relationship between budget participation and job performance: The roles of budget adequacy and organizational commitment, Accounting Organizations and Society, 23, 467–483.
Otley, D. (1978) Budget use and managerial performance. Journal of Accounting Research, Spring, 122–149
Otley, D. (1980) The contingencytheoryof management accounting: Achievement and prognosis, Accounting, Organisations and Society, 5, 413–428.
Otley, D. (2001) Extending the boundaries of management accounting research: Developing systems for performance management, British Accounting Research, 33: 243–261.
Otley, D., Broadbent, J. and Berry, A. (1995) Research in management control: An overview of its development, British Journal of Management, 6, 531–544.
Pfeffer, J. (1977) Power and resource management in organizations. In New directions in organizational behaviour (Eds., Staw, B. and Salancik, G.) Chicago: St. Clair Press, 235–265.
Pollitt, C. (1993) Managerialism and the public services,, Oxford: Blackwell.
Quintas, P. (2002) Managing knowledge and innovation across boundaries. In Managing knowledge (Eds., Little, S., Quintas, P. and Ray, T.) The Open University and Sage Publications, 255–271.
Rappaport, A. (1986) Creating Shareholder Value, New York: Free Press.
Rappaport, A. (2006) 10 ways to create Shareholder Value, Harvard Business Review, September.
Rhodes, S. R. and Steers, R. M. (1981) Conventional vs worker owned organizations, Human Relations, 34, 1013–1035.
Riley, P. (1983) A structurationist account of political cultures, Administrative Science Quarterly, 414–437.
Riley, R. (2000) In Financial Times.
Roberts, J. (1991) The possibilities of Accountability, Accounting, Organisations and Society, 16, 355–368.
Roberts, J. (1996) From Discipline to Dialogue: individualising and socialising forms of accountability. In Accountability: Power, Ethos and the Technologies of Managing (Eds. Munro, R. and Mouritsen, J.) London: International Thompson Business Press, pp. 40–61.
Roberts, J. R. and Scapens, R. W. (1985) Accounting systems and systems of accountability-understanding accounting practices in their organizational contexts, Accounting, Organizations and Society, 10, 443–456.
Simons, R. (1995) Control in an age of Empowerment, Harvard Business Review, March–April. pp 80–88.
Stoner, J. A. F. and Wankel, C. (1986) Management, New Jersey: Prentice Hall International.
Subramaniam, N. and Lokman, M. (2001) The relationship between decentralised structure, budgetary participation and organisational commitment: The moderating role of managers value orientation towards innovation, Accounting, Auditing and Accountability Journal, 14, 12–29.
Tannenbaum, A. (1962) Control in organisations: Individual adjustment and organisational performance, Administrative Science Quarterly, 7, 236–257.
Teece, D. J. (2000) Managing Intellectual Capital, Oxford: Oxford University Press.
Townley, B. (1995) Know thyself: self awareness, self-formation and managing, Organisation, 2 (2): 271–289.
Townley, B. (1996) Accounting in detail: Accounting for individual performance, Critical Perspectives on Accounting, 7, 565–584.
Turner, B. (1990) The rise of organizational symbol- ism. In The Theory and Philosophy of Organisations. (Eds. Hassard, J. and Pym, D.) London: Routledge, pp. 83–96.
Van der Stede, W. A. (2000) The relationship between two consequences of budgetary controls: Budgetary slack creation and managerial short-termism, Accounting Organizations and Society, 25, 609–622.
Waller, W. S. (1988) Slack in participative budgeting: The joint effect of a truth-inducing pay scheme and risk preferences, Accounting Organizations and Society, 13, 87–98.
Wilmott, H. (1996) Thinking accountability: accounting for the disciplined production of self. In Accountability: Power, Ethos and the Technologies of Managing (Eds., Munro, R. and Mouritsen, J.) London: International Thompson Business Press. pp. 23–39.
Young, S. M. (1985) Participative budgeting: The effects of risk aversion and asymetric information on budgetary slack, Journal of Accounting Research, 23 (2): 829–842.
Editor information
Editors and Affiliations
Copyright information
© 2011 Bill Ryan
About this chapter
Cite this chapter
Ryan, B. (2011). Control, Budgets and Shareholder Value: Shifting Boundaries of Influence. In: Abdel-Kader, M.G. (eds) Review of Management Accounting Research. Palgrave Macmillan, London. https://doi.org/10.1057/9780230353275_6
Download citation
DOI: https://doi.org/10.1057/9780230353275_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32197-1
Online ISBN: 978-0-230-35327-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)