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he prediction variable (no relation with the error). Unfortunately, because the choice of many organizations is correlation in the management accounting research, it is difficult to confirm the appropriate instrumental variable. The other relative problem of econometrics approach is that if regress the endogenous for the exogenous, the explanation ability will be small. Especially, the estimation of instrumental variable and the OLS estimation will have the variance of the same direction. Consequently, even if the “textbook-like solution” of endogenous has known, there are also many problems will exist in the implication of the estimation of instrumental variable and the error estimates of the researchers’ ability in solving endogenous problem will also appear in the management accounting research.
For the simultaneous, the simultaneous of choice of the management accounting and other organizational features is also an important problem. Organizations should select the management accounting system, organizational design, compensation system and other relative procedure and features in the same time (Brickley, 1997). However, the previous often chose a dependent variable subjectively, and then let the remaining variables as the independent variables. Unfortunately, majority this type of instrumental variables are difficult to be the exogenous. But, if choose the approach of simultaneous equation of the model which could test the management accounting theory, the equation variance which created by the simultaneous will reduce.

For the functional form, the theory and framework of management accounting suggest that there is complex correlation between accounting and control empirical and also the choice of other organizational design and performance. Moreover, the relationship within the three factors is non-liner. On the contrary, the functional form which chose by previous researches generally is the simple liner structure. Moreover, there is little correlation between each dependent variable. Even though it is direction to explain the liner structure, it could not grasp the complex empirical and relative performance results of the management accounting problems. Since there is a lack of clear guide of appropriate functional form of the structure model which correlate with the management accounting empirical, researchers should have the responsibility for considering setting options and choosing the consistent form with the observational data.

Conclusion 
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. The development of strategy and choice of organizational design, the determination of value motivation, the development of action plan, the choice of measurement indicators and the setting of specific objectives, the performance measurement and the revaluation of organizational objectives and plan, each stage of the value based management framework has been shown detailed in this literature review. However, with the development of the value based management theory, many problems have concluded by researchers, such problems will be solved by the process of the research and the development of empirical research. Certainly, the theory of value based management will help many organizations to improve their control process in the futu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。