价值会计基础管理研究 [2]
论文作者:www.51lunwen.org论文属性:作业 Assignment登出时间:2014-06-13编辑:lzm点击率:11408
论文字数:4652论文编号:org201406131738211288语种:英语 English地区:中国价格:免费论文
关键词:价值会计基础manangement accountingmaximum valueassignment范文organizational goals
摘要:The paper has reviewed many literatures on the value based management of management accounting. The complete framework of the value based management theory has been shown in this literature review.
anagement could be seen as an abstract of the interdependence, the simultaneous choices and the feedback loop of the complex practice. However, it has provided a useful mechanism which classifies the empirical research of the management accounting and evaluates the support level of empirical research for the relationship of the normative framework of value based management. More importantly, this framework grasps the relationship between contingency theory, agent model and the organizational design framework of the economic-based. The each step of the framework will be shown in the following part.
The selective of organizational goals
A basic hypo
thesis of the research of management accounting is that providing enough information and control mechanism for achieve the organizational goals. But, the selection of organizational goals outside the scope of the research of management accounting traditionally, this situation has changed following the foundation of value based management approach. Many proponents of value based management suggested that the main purpose of organizations must be elaborated from the “economic value” indicators, by what the internal goals and the objectives of maximizing shareholders’ value will be better fitted (Copeland etc. 1996). The basis of this point indicated that the changing of the indicators of economic value is better reflects than the changing of shareholders’ value. Therefore, it could be replaced by the goal setting, the capital budget or the compensation plan. According to Anctil (1996), the coherence of the interest of principle and agent only could be ensured when use the EVA and other indicators of residual income as the targets of organizations. The empirical researches of the field concentrate into two respects: Firstly, whether the added economic value equaling to the income indicators is more relevant with the company’s value than the traditional accounting indicators? Secondly, whether the enterprises which use the added economic value as the return indicators create more value than other enterprises?
By test the simple single-variable of the research of the relationship between market indicators and the EVA, researchers found that compare with the accounting return, the free cash flow and other traditional indicators the EVA indicator is more relevant than the market value added (Milunovich and Tseui, 1996). According to O’Byrne’s (1996) research, he has further found that the EVA is more superior in explaining the stock return than the accounting earning. However, any different evidences exist which found have found that the explanation ability of EVA is lower than the proponents’ inference (Biddle, 1997). It is worth nothing that even if the economic value indicators have the stronger statistical relationship than the stock returns, it could not conclude that the management plan and control are more desirable. For instance, the result of Gjesdal’s research showed that a information system which is useful for the evaluation of the enterprise value may not suitable for the evaluation of the managers’ performance.
The complexity of the result of the above research suggested such a problem: whether the selection of economic value indicators for purpose of accounting and control will help enterprises achieve better performance? Unfortunately, the empirical evidences could not provide the correct answer for the above proble本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。