ABSTRACT

This paper studies the impact of the adoption of different management control practices (MCP) on the firms’ financial performance in Latin America. We use the perspective of the attention-based view theory to argue that firms adopting MCP that cover different areas are more likely to attain higher financial performance, as adopting a diverse set of control practices contributes to distributing managerial attention. Thus, relevant business areas are monitored more comprehensively. We compare the performance effect of seven MCP in three areas (monitoring, operations, and targets) alone and combined using a panel dataset on 57 Latin American firms from 1995 to 2016, finding support for our arguments. Moreover, we find that the firms’ strategy moderates the financial performance effect of the adoption of MCP.

摘要

本文研究了采用不同的管理控制实践 (MCP) 对拉丁美洲公司财务业绩的影响。我们使用基于注意力的观点理论的观点认为，采用涵盖不同领域的 MCP 的公司更有可能获得更高的财务绩效，因为采用多样化的控制实践有助于分散管理注意力。因此，相关业务领域得到更全面的监控。我们使用 1995 年至 2016 年间 57 家拉丁美洲公司的面板数据集单独比较了 7 个 MCP 在三个领域（监控、运营和目标）的绩效效果，并结合使用了面板数据集，为我们的论点找到了支持。此外，我们发现公司的战略缓和了采用 MCP 对财务绩效的影响。