Version 1
: Received: 24 July 2018 / Approved: 24 July 2018 / Online: 24 July 2018 (09:31:34 CEST)
How to cite:
Bostan, I.; Barca, A.; Tabara, N.; Muntean Jemna, L. Aspects of Sustainable Management Control for Company Efficiency. Preprints2018, 2018070451. https://doi.org/10.20944/preprints201807.0451.v1
Bostan, I.; Barca, A.; Tabara, N.; Muntean Jemna, L. Aspects of Sustainable Management Control for Company Efficiency. Preprints 2018, 2018070451. https://doi.org/10.20944/preprints201807.0451.v1
Bostan, I.; Barca, A.; Tabara, N.; Muntean Jemna, L. Aspects of Sustainable Management Control for Company Efficiency. Preprints2018, 2018070451. https://doi.org/10.20944/preprints201807.0451.v1
APA Style
Bostan, I., Barca, A., Tabara, N., & Muntean Jemna, L. (2018). Aspects of Sustainable Management Control for Company Efficiency. Preprints. https://doi.org/10.20944/preprints201807.0451.v1
Chicago/Turabian Style
Bostan, I., Neculai Tabara and Ligia Muntean Jemna. 2018 "Aspects of Sustainable Management Control for Company Efficiency" Preprints. https://doi.org/10.20944/preprints201807.0451.v1
Abstract
In this article, management control has been studied from the perspective of intention towards sustainable development of companies. The main idea focuses on the analysis of relations between sustainable management control and the system of performance appraisal using as a reference the resource-based theory. These relations have been assessed both theoretically by reviewing literature in the field, and empirically based on data collected in a questionnaire from top management, as well as data from Annual Reports from the main segment of Bucharest Stock Exchange. The authors have shown that financial performance has a significant influence on management control, and the return on capital employed is one of the most recommended indicators. The sustainable nature attributed to management control is the result of institutional theory evolution, provisions of Directive 2014/95/EU and Guide of Global Management Accounting Principles (2015) using stewardship. Consequently, profits are not the main element any more in the assessment of financial „health” of a company. To ensure the sustainable success, sustainable balanced scorecard is one of real measures for managing financial and non-financial performance.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
