Management Control Systems Research Articles

Exploring the recent development of management control systems study

Exploring the recent development of management control systems study

An Analysis of the Development of Investment Banks' IPO Business under the Registered System

Under the reformed registration system, the role of investment banks in the Initial Public Offering (IPO) business has evolved significantly from the approval system. As crucial "gatekeepers" of the capital market, these banks now bear the responsibility of thoroughly examining issuance application materials for truthfulness, accuracy, and completeness. While the IPO business promises a prosperous future for investment banks, it also presents considerable challenges. Some banks face issues such as insufficient adherence to prudent examination requirements, lax establishment or implementation of internal control systems, and the need for improved information management. To enhance their sponsorship business, it is recommended that investment banks optimize talent training, internal management control, risk management, and intelligent information system construction. Cultivating professional sponsorship talents with comprehensive skills, reinforcing ethical standards, and conducting thorough reviews of IPO companies are crucial. Furthermore, optimizing the management system, establishing effective communication mechanisms, and enhancing risk management capabilities are essential steps. Leveraging advancements in computer technology, the construction of a secure and reliable intelligent information system is advised. As the reform progresses, investment banks should bolster international exchanges, cooperation, and professional competitiveness to evolve into reputable international brand banks.

Adapting To The New Normal: Assessing Levers Of Control Implementation In Indonesian Organizations Post-COVID

This systematic literature review investigates the application of the Four Levers of Control (4LOC) framework in Indonesian organizations post-COVID-19. The research method involved a systematic search of electronic databases and analysis of relevant literature. Major findings indicate that effective implementation of the 4LOC framework contributes to organizational resilience, performance improvement, and competitive advantage across various sectors. Cultural factors, leadership styles, and strategic alignment emerge as critical determinants of success. The study underscores the versatility and effectiveness of the 4LOC framework in navigating challenges posed by dynamic environments. Conclusions highlight the importance of adaptive strategies, cultural sensitivity, and integrated control systems in driving sustainable growth and organizational success in Indonesia. Results indicate that LoC implementation has positively impacted organizational performance across sectors such as hospitality, start-ups, state-owned enterprises, government organizations, manufacturing, and the service industry. Notably, effective utilization of belief systems, boundary systems, diagnostic control systems, and interactive control systems has been instrumental in fostering innovation, resilience, and strategic alignment. These findings underscore the importance of robust management control systems in achieving organizational objectives and navigating uncertainties. The review concludes by recommending further research to explore longitudinal effects, contextual influences, and the role of emerging technologies in enhancing LoC implementation.

Human management control systems on construction firms amidst COVID-19

BACKGROUND: The COVID-19 pandemic continues to endure in the construction industry. While many businesses worldwide have adapted to working from home or home-based offices, this is impractical in this sector as building activity is conducted on-site, which creates difficulties for employees in adapting to the post-pandemic setting. OBJECTIVE: This article analyzes how the pandemic has changed and affected construction firms’ human management control systems dimensions. We addressed, amidst the pandemic, how work is being performed and its effects on employees and businesses. METHODS: In this analytical research, we used chain referral sampling to perform an in-depth interview study with top administrators of different construction firms in Colombia, and we used inferential statistics for our data analysis. RESULTS: Results showed potential sources of low efficiency and minimal control of resources, including lack of communication with employees, lack of recognition systems, centralized decision-making, and disconnection between business objectives and financial requirements. CONCLUSIONS: Construction firms must ensure workers understand the project goals adequately and be empowered to make on-site decisions provided a training program is offered. Organizations ought to connect their strategic business goals with financial requirements; these must be regularly updated and modified as the economic and labor force scenario evolves.

INTEGRATED PIEZOELECTRIC ENERGY HARVESTING: AUTOMATING TOLL COLLECTION AND HIGHWAY STREET LIGHTS

This research paper presents a comprehensive study on the integration of piezoelectric energy harvesting technology for the dual purpose of automatic toll collection and highway street lighting. The project proposes a novel system architecture that leverages the piezoelectric effect to convert mechanical stress from passing vehicles into electrical energy, thereby powering both toll collection mechanisms and street lights. The system incorporates RFID technology for seamless vehicle identification and toll deduction, along with an intelligent control system for efficient energy management. The paper discusses the design, implementation, advantages, challenges, and considerations of the proposed system, highlighting its potential for sustainable infrastructure development and energy efficiency.

Simulation and electrification of a conventional vehicle into a battery electric vehicle for sustainability mobility

ABSTRACT This work explores converting a conventional 1996 Honda Civic Coupe into a battery-electric vehicle (BEV). A simulation model is developed to analyze the vehicle’s dynamic behavior under various conditions, including changes in vehicle mass and road slope. The system specifications are detailed based on a 50 kW AC induction motor, controller, battery, and battery management system. The battery comprises 2,376 NCR18650B cells with a capacity of 23 kWh based on inverter requirements. Energy consumption is simulated using the New European Driving Cycle (NEDC), resulting in 1.69 kWh to travel 10.8 km. Autonomy is estimated at 147 km. The environmental impact of 19.2 g CO2/km is calculated. The results illustrate the change in maximum speed, acceleration, and distance traveled based on changes in mass and slope. It is concluded that mass variation has a lesser impact on performance than road slope. The work demonstrates the feasibility of converting a conventional vehicle to a BEV with comparable dynamic capabilities using currently available technology. Future development plans include constructing a battery prototype, electrifying the vehicle, and incorporating instrumentation for validation.

Research on the impact of management control on corporate social responsibility and business performance—The case of listed companies in Vietnam

Purpose: There have been many studies on corporate social responsibility. Still, research on the dual relationship showing the impact of management control on corporate social responsibility and business performance has not been exciting researchers. The article also identifies and measures the elements of management control that affect compliance with corporate social responsibility and business performance. At the same time, the paper also analyzes the influence of compliance with corporate social responsibility on business performance. From the research results, listed companies will see the importance of designing management control and complying with corporate social responsibility to maximize the business’s profits. Findings: The article demonstrates the practicality of institutional theory in the relationship between management control, corporate social responsibility, and business performance. Institutional theory influences the relationship between management control, CSR, and business performance by highlighting the role of external institutional pressures, legitimacy, and conformity to societal norms. Companies that strategically integrate institutional expectations into their management control systems can enhance their CSR efforts, improve their reputation, and contribute to better business performance. Methodology: We collect data on 195 manufacturing enterprises listed on the Vietnam stock market in 6 sectors. This study’s main data analysis method is the structural equation modeling method (SEM). The article used AMOS software to evaluate and measure the influence of each factor. Practical implications: The article has analyzed five aspects of management control to corporate social responsibility and business performance: Size of the Board of Directors (BOD), percentage of independent members in the BOD, and concurrence. CEO and Chairman of the Board of Directors, state ownership ratio and foreign shareholder ownership rate. The results show that a company with a CEO who is not the Chairman of the BOD will have a higher level of CSR compliance than a company with a CEO who is also the Chairman of the BOD. The larger the Board size, the higher the level of CSR, but This has not been verified for the company’s business performance. The higher the foreign ownership ratio, the better the CSR compliance; however, this has the opposite direction for the state ownership rate. The higher the percentage of independent members on the Board of Directors, the lower the level of CSR compliance. In terms of impact on business performance in the enterprise: The higher the company’s compliance with corporate social responsibility, the better it’s business performance. A company with a CEO who holds the position of BOD will have lower business performance than companies with a CEO who does not hold the position of Chairman of the Board of Directors. Companies with a high percentage of state ownership will have lower business performance. The higher the percentage of independent members on the Board of Directors, the lower the business performance. Originality: This attests that the research paper I submitted is the result of my original and independent work. I have duly acknowledged all sources from which the ideas and quotations have been obtained. The project does not contain any plagiarism and has not been sent elsewhere for publication.

Study on the technical management practice of rock burst prevention and control - Case study of Yankuang Energy Group Company Limited

To ensure the on-site implementation of regulations and technical measures for rock burst prevention and control, taking Yankuang Energy Group Company Limited. as an example, an on-site technical management system for preventing and controlling rock burst in coal mines is established. This on-site technical management system is based on the principles of “zero rock burst accident”, “graded management and control”, “general manager and chief engineer responsibility”, and “scientific, systematic, streamlined, and efficient management”. This system includes a technical management system and an on-site management mode, among which the former includes an organizational system, an institutional system, a technical data management system, and a comprehensive supervision and management system. Each system is interrelated, mutually promoting and supporting the other system. The on-site management mode includes five aspects and six links. These “five aspects” refer to the standardization of safe production, normalization of on-site operations, processization of system operation, quantification of antirisk ability, and demonstration of mine management. The “six links” on-site management mode includes the management system, source risk management and control, dynamic risk analysis, monitoring and control, on-site implementation and management, and emergency management. The construction of an on-site technical management system for rock burst prevention and control can ensure the timely detection and rectification of problems, remove management loopholes, and prevent the occurrence of rock burst disasters.

Implementation of a quality control management system according to the ISO 15189 standard in the biochemistry laboratory of Mohammed VI University Hospital of Oujda

Implementation of a quality control management system according to the ISO 15189 standard in the biochemistry laboratory of Mohammed VI University Hospital of Oujda

The Influence of Management Accounting Information System Characteristics and Management Control System on Managerial Performance

Several things that can affect and improve managerial performance at PT Warna Indah Samajaya (WIS), one of which is the characteristics of the management accounting information system and management control system. The characteristics of the management accounting information system that have been carried out by employees of PT Warna Indah Samajaya (WIS) have been implemented properly and correctly to carry out effective work so that they can achieve the predetermined targets. This study aims to determine the effect of the characteristics of the management accounting information system and control system on managerial performance at PT Warna Indah Samajaya (WIS). This research was conducted by means of a survey by distributing questionnaires to employees of PT Warna Indah Samajaya (WIS), this study also used a verification descriptive analysis method by statistically processing using SEM-PLS. The results of this research are expected to be a solution in solving problems of managerial performance at PT Warna Indah Samajaya (WIS). The results of this study indicate that: (1) the characteristics of the accounting information system affect managerial performance, (2) the control system has an effect on managerial performance.

Understanding the opportunities and challenges of building automation and control systems to support facility management – an extensive literature review

PurposeThis paper aims to highlight the expanding link between facility management (FM) and building automation and control systems (BACS) through a review of literature. It examines the opportunities and challenges of BACS for facility managers and proposes solutions for mitigating the risks associated with BACS implementation.Design/methodology/approachThis paper reviews various research papers to explore the positive influences of BACS on FM, such as support with strategic decision-making, predictive maintenance, energy efficiency and comfort improvement. It also discusses the challenges of BACS, including obsolescence, interoperability, vendor lock-in, reliability and security risks and suggests potential solutions based on existing literature.FindingsBACS offers numerous opportunities for facility managers, such as improved decision-making, energy efficiency and comfort levels in office buildings. However, there are also risks associated with BACS implementation, including obsolescence, interoperability, vendor lock-in, reliability and security risks. These risks can be mitigated through measures such as hardware and software obsolescence management plans, functional requirement lists, wireless communication protocols, advanced feedback systems and increased awareness about BACS security.Originality/valueTo the best of the authors’ knowledge, no prior academic research has been conducted on the expanding link between FM and BACS. Although some papers have touched upon the opportunities and challenges of BACS for FM, this paper aims to provide a comprehensive overview of these findings by consolidating existing literature.

Management control systems package, corporate governance, and SME’s performance in the context of Malaysia

Management control systems package, corporate governance, and SME’s performance in the context of Malaysia

Addressing the asymmetry between central and local air protection policies: Insights from Poland

Purpose: This paper examines the asymmetry between the air protection policies of the central government and local authorities in Poland, using the city of Kraków as a case study. Methodology: The study employs a comparative method to contrast the Polish state's coal policy with the air protection efforts of the Kraków local government. A systems analysis approach is used to identify the causes and effects of the divergent policies. Results: The analysis reveals a lack of alignment between the central government's focus on maintaining coal extraction and the local government's efforts to reduce air pollution. Kraków authorities have taken significant measures to improve air quality, but face challenges due to insufficient support from the central government and neighboring municipalities. Theoretical contribution: The paper highlights the importance of policy symmetry and coordination between different levels of government in addressing complex environmental issues like air pollution. It contributes to understanding multi-level governance dynamics in the context of air protection. Practical implications: The findings underscore the need for a collaborative model of air protection policy that engages central authorities, local governments, private sector entities, and civil society. Establishing air protection councils at the voivodship, county and municipal levels is proposed as a mechanism to facilitate this coordination. Integrating air quality considerations into local governments' management control systems is also recommended.

The effect of differentiation strategy on the organisational performance of companies in the agri-food industry: The mediating role of interactive use of management control system

The aim of this paper is to explore the effect of differentiation strategy on the organizational performance of Moroccan industrial companies by analyzing the role of the interactive use of management control systems as a mediator. To achieve this goal, a questionnaire survey was conducted with 180 industrial companies to collect data, which were analyzed using Partial Least Squares Structural Equation Modeling (PLS SEM) version 4. The results of the study demonstrate a significant relationship between differentiation strategy and organizational performance. Furthermore, the study provides evidence that supports the idea that the interactive use of management control systems plays a mediating role in the relationship between differentiation strategy and performance. These findings underscore the importance for managers to enhance their efforts in making the interactive use of management control systems a key value-generating element.

What can nudging offer to reduce workplace sexual harassment? A conceptual review

This paper examines workplace sexual harassment and looks into why workplace sexual harassment remains a pervasive, underappreciated problem in the United States and outlines the limitations of existing controls of sexual harassment at work, namely sexual harassment policies, awareness training, and grievance procedures. Based on these limitations, it reflects on the current definitions of sexual harassment and introduces the concept of nudging to support the preventive and corrective measures already adopted to reduce workplace sexual harassment. It provides a conceptual framework of nudges that might be effective in reducing incidents of sexual harassment. The eight types of nudges that form the framework are grouped into five overall categories depending on who a nudge is for: top, middle, and line management, harassers, observers, victims, and society. This paper is first to conceptualize nudging as a supportive mechanism to traditional management control systems in the context of workplace sexual harassment.

Analysis of heavy metals in barley dust and health risk assessment in Malt Factory, Ethiopia

ABSTRACT The recent rapid industrialisation in Ethiopia has become a critical concern from pollution of the environment, including contamination by heavy metals. The purpose of this study was to determine heavy metals in barley dust and evaluate the health risks associated with workers in Gondar Malt Factory, Ethiopia. For this, the concentrations of some potentially toxic heavy metals (Cu, Ni, Cd, Cr, Pb, Zn and Fe) were determined in samples from four different production lines (barley receiving, aspiration, grading, and final product dispatch lines). Prior to metal analysis by flame atomic absorption spectroscopy, a 1 g barley dust was subjected to an optimised wet digestion procedure using 8 mL HNO3, 4 mL HClO4 heated for 4 h at 250°C. The average concentration (mg/kg) of the metals was found to be in the range of 3.3‒4.8 Cu, 4.7‒9 Cd, 9.5‒11.5 Pb, 3063‒3463 Fe, 17.7‒24.7 Ni and 148‒180 Zn. Chromium was below the detection limit of the method in all the samples. The results showed that the barley dust contained significant concentration of the heavy metals. However, the study has found the absence of non-carcinogenic risk, from the analysed heavy metals in the barley dust, through both dermal contact and inhalation routes of exposure. Similarly, no carcinogenic risk was associated with the analysed heavy metals in the barley dust, except for Pb. Hence, proper management control system needs to be implemented to minimise chronic health risks from exposure to Pb.

Recent Management Accounting Literature: Bibliometric Analysis and Contributions from Latin America

Journals and citations are networks of practice in which management accounting, management control systems, and performance management carry significance. A total of 2,560 publications and 43,425 citations from the Web of Science between 2000-2020 were used to perform a citation analysis of articles, authors, and journals, along with a bibliometric study to map keywords co-occurrence. Citations and publications had an explosive growth due to new journals and Web of Science expansion, with the number and share of top journals decreasing over time. Performance management is eclectic with journals and authors from various disciplines; bibliometric maps suggest that management accounting and performance literature rooted in strategy are competing to integrate this emerging topic. Regardless of the increase in citations and publications, there are only 28 Latin American articles (1% of the total). Despite calls for more diversity in accounting research, we observe the pre-eminence of Western academic norms and practices. Although management accounting is an active field in Latin America with many local publications, few appear in internationally ranked academic journals.

The status of nuclear medicine in China: the first official national survey.

The National Nuclear Medicine Quality Control Center of China conducted the first official survey to investigate the nationwide situation of nuclear medicine in 2020. The survey aimed to unveil the current nuclear medicine situation and its quality control in China. The web-based survey was conducted and the data was collected via the National Clinical Improvement System (NCIS) of China from 1st April to 31st May 2021. A total of 808 institutes across 30 provinces responded to the national survey. For human resources, there are 4460 physicians, 3077 technologists, 339 physicists, and 309 radiochemists. There are 887 single-photon imaging instruments, including 823 SPECT or SPECT/CT, and 365 PET instruments including 314 PET/CT. Six hundred twenty-four institutes perform SPECT examinations and 319 institutes perform PET examinations. 60% of SPECT scans are bone scintigraphy. A total of 97% of PET scans use an [18F]F-FDG tracer. Furthermore, 587 institutes provide radionuclide therapy services but only 280 institutes have admission rooms. The top three radionuclide therapies are [131I] therapy of hyperthyroidism with 546 institutes, [89Sr] therapy of bone metastasis with 400 institutes, and [131I] therapy of differentiated thyroid cancer with 286 institutes. Finally, for the frequency of equipment quality control per year, there are about 67 times self-test within the department for SPECT instruments and 111 times for PET instruments on average in each province. There are about three failures of SPECT and five failures of PET on average per year in each province. There are 408 institutes (of 624 SPECT institutes) performing quality control of SPECT radiopharmaceuticals, 216 (of 319) for PET radiopharmaceuticals, and 373 (of 587) for radionuclide therapy. These results of the first official survey towards current status of nuclear medicine in China are the foundation for the establishment of the quality control management system.

Peran Sistem Pengendalian Manajemen dalam Mendukung Circular Economy Sebagai Bentuk Kontribusi Perusahaan dalam Pelestarian Lingkungan pada Cita Entertainment

This research aims to determine the role of the management control system in supporting Circular Economy standards at Event Organizer CV Cita Entertainment. This research method uses a qualitative method with a descriptive analysis approach. Results show that the scope of this research includes budget planning, logistics and evaluation processes. And the items used are items that are not disposable and can be reused for further activities, in accordance with the 3R concept (Reduce, Reuse, Recycle). Planning and budgeting of goods is carried out carefully so that the circular economy concept can be realized and aims to save the budget. Waste processing procedures that focus on the reuse of durable goods. This is achieved by recording and updating data regarding items that can be used repeatedly. This way, they don't end up as trash, contributing to overall waste minimization. This research aims to provide an understanding of the application of Circular Economy principles in industrial management activities through an effective management control system and targeted waste processing procedures

Pertinencia de la implementación de un Sistema de Control Interno y Administración de Riesgos en las Entidades Públicas. Estudio de Caso del Proyecto de Remodelación de la Refinería de Cartagena (Reficar)

Internal Control, both nationally and internationally, has evolved and gained greater significance over the years. It has become a vital tool for achieving business objectives, ensuring the proper use of financial resources, and managing various types of risks. This document aims to highlight the importance of adequately implementing an Internal Control and Risk Management System within companies that manage state-owned assets or resources, using the Cartagena Refinery remodeling project as a case study. This project encountered various financial, operational, and technical shortcomings in its planning and execution phases, which ultimately led to the strengthening of the Internal Control System within the entity.