Controlling, Anreizsysteme und Verhaltenswissenschaften

Reconstruction of decision-making behavior in shareholder and stakeholder theory: implications for management accounting systems

“…' (1987). Opportunistic actors actively pursue their self-interests and therefore aim at optimizing their position by concluding contracts (Eigler 2004). Self-seeking interests and limits on cognitive competence characterize the model of the contractual man (Williamson 1987).…”

“…Decision influence of information focuses on supporting decision-making when more than one actor is involved and goal conflicts and information asymmetries exist. This is usually the case when the corporate structure is characterized by the separation of ownership from decision-making management, and when decision-makers are decentralized (Wall 2009;Eigler 2004;Grundei 2008;Tosi et al 2003). In such a situation management accounting systems are expected to motivate individuals and mitigate the divergence of interests and goals (Ewert and Wagenhofer 2008;Süßmair 2004;Zimmerman 2009;Sprinkle 2003) and, thus, to assist in achieving the basic mission of the corporation, whatever that may be (Hansen and Mowen 1994).…”

“…Concerning shareholder oriented corporations, there exists a wide range of descriptive and normative research about structure and content of incentive schemes, their efficiency and effectiveness (for an overview or suggestions see e.g. Baker 1992;Demski and Feltham 1978;Kreps 1997;Eigler 2004;Osterloh 1999;Riegler 2000;Pfaff and Pfeiffer 2001). Due to the underlying assumptions of motivation and interests incentive systems in shareholder oriented corporations are alleged to concentrate exclusively or at least fundamentally on the capital markets and financial performance (Volkart 1998;Knorren and Weber 1997;Weißenberger 2009).…”