Global corporate governance: the maelstrom of increased complexity - is it possible to learn to ride the dragon?
2015 (English)In: 8th Annual Conference of the EuroMed Academy of Business: Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment / [ed] Vrontis D., Weber Y., Tsoukatos E., EuroMed Press , 2015, 1335-1349 p.Conference paper (Refereed)
This current paper addresses various aspects of the role of accounting for management control and discusses the limits of current management control systems. The paper draws on the discussion of accounting relevance of the current accounting assumptions for use in management control that receives consequences on corporate governance. Focus is on the boundaries of information, limiting the control of management and the possibility of improving corporate governance. It identifies, based on previous studies weaknesses in the practices and conceptualization of the going concern concept. Institutionalized thoughts and actions are identified as embodied in rituals and routines, where the accounting rituals are used in decision-making. Based on increasing volatility in the environment and the competence needed to adapt to the environment, it is argued that traditional accounting rituals are unsuitable for many companies. The paper indicates a need for de-institutionalization and reconsidering of accounting practices and thus particularly the assumption of going concern.
Place, publisher, year, edition, pages
EuroMed Press , 2015. 1335-1349 p.
accounting, complexity, corporate governance, going-concern, management control, information use, innovation, volatility, uncertainty
IdentifiersURN: urn:nbn:se:hig:diva-20027ISI: 000371316100123ISBN: 978-9963-711-37-6OAI: oai:DiVA.org:hig-20027DiVA: diva2:841817
8th Annual Conference of the EuroMed Academy of Business, Verona, Italy, 16-18 September 2015