Abstract
The study examines the influence of different CEO background on management control systems (thereafter, MCS) adoption in high-tech startup firms. Until now, the role of CEO in MCS adoption has received only limited attention. Davila & Foster (2009) point out the need to study the psychology of entrepreneurs. The study is based on a multi-case research design. CEOs in seven high-tech startups were interviewed which allows for consolidation of the data to develop a framework and generalize the results. Through a series of interviews, the study finds that CEO education and work experience affect MCS adoption through four different processes. The study finds education and work experience influence MCS adoption through four processes, namely, “operational knowledge”, “industry familiarity”, “risk awareness and quick respond to change”, and “long-term perspective”. The study then associates CEO background with different MCS categories and finds that only western-educated CEO will adopt planning-purposed MCS.
Published Version
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