Advertisement

Controlling & Management

, Volume 55, Supplement 1, pp 47–52 | Cite as

Management Control System of China’s Enterprises: Theory and Practice

  • Zhang Xianzhi
  • Liu Yuanyuan
  • Wu Yuting
CHINA
  • 534 Downloads

Introduction

In the dual era of post-financial crisis and globalized market competition, Chinese enterprises are facing significant uncertainties and risks in pursuit of new development opportunities. The growth of an enterprise relies on both a sound corporate governance and an effective management. In order to enhance governance control – while progress could be observed on some aspects of the modern enterprise system, such as clearly established ownership structure, well-defined rights and responsibilities and limited government interference – Chinese enterprises need to place more emphasis on scientific management methods. Today, many enterprises are still exposed to unproven or risky business models. As an important integrative strategic tool, management control systems (MCS) are a key element to limit the above mentioned risks. Especially in the current global economy, management control systems can ensure efficient integration, allocation and utilization of internal resources in...

Keywords

Management Control Managerial Accounting Management Control System Chinese Enterprise Socialist Market Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. 1.
    Chenhall RH: Management control systems design within its organizational context: findings from contingency-based research and directions for the future. Accounting, Organizations and Society. 2003, 28 127 – 168.Google Scholar
  2. 2.
    Du, Dong, Ed. (2002). Management control. Beijing, Tsinghua University Press. (Chinese)Google Scholar
  3. 3.
    Du, Dong, Ed. (2006). Management control. Beijing, Tsinghua University Press. (Chinese)Google Scholar
  4. 4.
    Du, Rongrui, Xiao, Zezhong, et al. (2009). “Review of Managerial Accounting Research in China.” Accounting Research 2009(9): 72 – 80. (Chinese)Google Scholar
  5. 5.
    Flamholtz EG, Das TK, Tsui AS: Toward an integrative framework of organizational control. Accounting, Organizations and Society. 1985, 10:35 – 50.Google Scholar
  6. 6.
    Hu,Yiming, Ed. (2007). MCS: Performance, Reward and Partnership Culture. Beijing, China Financial and Economic Press. (Chinese)Google Scholar
  7. 7.
    Li, Honglei (1991). “’controlling directed by morals’ and ‚controlling standardized by etiquette’ –Controlling Theory of Confucian Managerial Philosophy.” Confucius Study. 1991 (4): 5. (Chinese)Google Scholar
  8. 8.
    John, G. (2006). “The essential impact of context on organizational behavior.” Academy of Management Review 31: 23.Google Scholar
  9. 9.
    Robert N Anthony: Management control systems. 9th Edition. 1998, GRAW-HILL. P305.Google Scholar
  10. 10.
    “Management control systems are tools to implement strategies”, cited from Robert N Anthony: Management control systems. 9th Edition, 11th Edition 2003, GRAW-HILL. P51Google Scholar
  11. 11.
    Scott, Michael S Morton. Development in organization series: 1960 – 1980, American Behavior Scientist 1981. Tang, Bingyong and Liang, Xiaobei, Eds. (2007). Enterprise MCS. Beijing, China Machine Press. (Chinese)Google Scholar
  12. 12.
    Tsui, A. (2006). “Contextualization in Chinese management research.” Management and Organization Review 2(1): 13.Google Scholar
  13. 13.
    R. Wilson. SU Tong (Translation). Cost control handbook, Peking University Press. 1998, P: 59. (Chinese)Google Scholar
  14. 14.
    ZHANG Xianzhi. Research on establishment of the enterprise internal management control system framework. Research on Financial and Economic Issues. November, 2003. (Chinese)Google Scholar
  15. 15.
    Zhang, Xianzhi (2004). Internal Management control. Chinese Financial and Economic Press. (Chinese)Google Scholar
  16. 16.
    Zhou, Defu, Ed. (1998). Management control. Shanghai, Shanghai Finance and Economics University Press. (Chinese)Google Scholar

Copyright information

© Gabler Verlag Wiesbaden GmbH 2011

Authors and Affiliations

  • Zhang Xianzhi
  • Liu Yuanyuan
  • Wu Yuting

There are no affiliations available

Personalised recommendations