Relative Performance Evaluation In Management Control
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Relative Performance Evaluation in Management Control
Author | : Hilco J. van Elten |
Publisher | : |
Total Pages | : 0 |
Release | : 2007 |
Genre | : |
ISBN | : |
Economic theory predicts that performance evaluation gains meaning and accuracy if the performance is compared to peers, as described by Relative Performance Evaluation theory (or: RPE). RPE can be deployed as a means for standard-setting based on peer group performance, by incorporating the performance of a reference group of agents in the compensation plan. Nonetheless, research on RPE suggests that peer comparison is not often a part of the performance evaluation, at least at the CEO level. This research proposal argues that RPE needs also to be studied at lower echelons. Amongst business unit-managers, we believe, RPE can make a significant contribution to opportunism-mitigation. By externally determining the performance standards, targets are less easily influenced by the managers whose compensation depends on them. This extends the interpretation of RPE, a phenomenon that has been analysed primarily from the perspective of efficient risk sharing and informativeness. Building on the literature on RPE, the objective of this research proposal is to study the incidence and form of relative performance evaluation at the business unit level, and to explore contingencies that are associated with empirical (non)-existence of RPE. Extant RPE models do not consider the influence of contingency factors on RPE's applicability or desirability. This proposal presents a preliminary contingency model which aims to further our understanding of RPE. An additional contribution of this study derives from its direct, survey based approach, as opposed to the mostly indirect, public data based prior research. This allows for a deeper examination of RPE in practice, yielding stronger tests.
Relative Performance Evaluation in Presence of Exposure Risk
Author | : Robert F. Göx |
Publisher | : |
Total Pages | : 47 |
Release | : 2016 |
Genre | : |
ISBN | : |
I study the consequences of a random exposure to common risk for the purpose of relative performance evaluation (RPE) and find that it significantly affects the usefulness and the empirical measurement of RPE. According to my analysis, the magnitude of the exposure risk not only determines how firms aggregate measures of common risk with measures of firm performance but also the extent to which the firms can control the impact of common risk on their own performance. Simulated regressions of my theoretical model indicate that a high exposure risk can prevent the correct identification of informative performance signals and cause a biased composition of customized peer groups. A high exposure risk also increases the likelihood of a type II error in implicit RPE tests. I evaluate two empirical strategies to control for the magnitude of the exposure risk and find that they significantly reduce the likelihood of a type II error.
Performance Measurement and Management Control
Author | : Antonio Davila |
Publisher | : Emerald Group Publishing |
Total Pages | : 504 |
Release | : 2012-06-08 |
Genre | : Business & Economics |
ISBN | : 1780529112 |
In addition to the three plenary sessions, this volume contains some of the exemplary papers that were presented at the 2011 conference; representing a collection of leading research in management control and performance measurement and providing a significant contribution to the growing literature in the area.
Effective Management Control
Author | : Eric G. Flamholtz |
Publisher | : Springer Science & Business Media |
Total Pages | : 185 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461313597 |
Effective Management Control deals with a critical but relatively neglected and misunderstood aspect of organizational effectiveness: the process of controlling the behavior of people in organizations. The issue of organizational control and the design of an optimal control system is essential for the long term effectiveness of an organization: too little control can lead to confusion and chaos; conversely, too great a degree of control can result in the erosion of innovation and entrepreneurship. This monograph presents a conceptual framework for approaching these issues, and examines the role accounting can play in a successful control system. The author works towards an understanding of the nature, role, elements and functioning of organizational control and control systems in organizations. The book posits and discusses the features of a core control system and its component parts, including: planning, measurement and feedback, evaluation and reward sub-systems. It also discusses the ways in which a core control system operates within a larger organizational structure and culture. The theory is illustrated through its application to a particular case study.
Management Control Systems
Author | : Kenneth Merchant |
Publisher | : Pearson Higher Ed |
Total Pages | : 792 |
Release | : 2017-04-21 |
Genre | : Business & Economics |
ISBN | : 1292110589 |
This best-selling and market-leading text gives students a thorough understanding of the core concepts and key topics of management control and related performance measurement and incentive systems, processes, and critical trade-offs in their design and use, employing a wide range of international case studies and real life examples. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.
Performance Measurement and Management Control
Author | : Marc J. Epstein |
Publisher | : Emerald Group Publishing |
Total Pages | : 268 |
Release | : 2018-09-07 |
Genre | : Business & Economics |
ISBN | : 178756469X |
This volume contains exemplary papers that were presented at the 2017 Conference on Performance Measurement and Management Control in Nice, France, by researchers in the field from North America, South America, Africa, Europe, and Asia.
Management Control Systems
Author | : Kenneth A. Merchant |
Publisher | : Pearson Education |
Total Pages | : 876 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9780273708018 |
With its unique range of case studies, real life examples and comprehensive coverage of the latest management control-related tools and techniques, Management Control Systems is the ideal guide to this complex and multidimensional subject for upper level undergraduates, postgraduates and practising professionals.