TY - JOUR
T1 - Management control systems and performance: Evidence from the Greek shipping industry
AU - Triantafylli, Androniki A.
AU - Ballas, Apostolos A.
PY - 2010
Y1 - 2010
N2 - This study explores how Management Control Systems (MCS) enhance the performance of shipping companies. Based on data collected from semi-structured interviews, MCS are distinguished in three categories according to the purposes they fulfill: "Basic MCS" are implemented in order to set standards and support basic operations of the business, "Cost MCS" collect information about cost minimization while "External Information MCS" focus on compliance with the requirement of the cargo owners. Furthermore, evidence collected through a survey instrument addressed to shipping companies located in Greece suggests that the choice of MCS is contingent upon the strategy pursued by the shipping companies. Moreover, this paper tests whether shipping companies with an optimal fit between their strategies and their MCS experience superior business performance and a higher perceived usefulness of MCS. Results reinforce the notion that the performance of the shipping companies is contingent on the use of those control systems which are consistent with their strategies and a number of control variables such as experience of the person implemented the MCS, the size, and age of company. © 2010 Taylor & Francis.
AB - This study explores how Management Control Systems (MCS) enhance the performance of shipping companies. Based on data collected from semi-structured interviews, MCS are distinguished in three categories according to the purposes they fulfill: "Basic MCS" are implemented in order to set standards and support basic operations of the business, "Cost MCS" collect information about cost minimization while "External Information MCS" focus on compliance with the requirement of the cargo owners. Furthermore, evidence collected through a survey instrument addressed to shipping companies located in Greece suggests that the choice of MCS is contingent upon the strategy pursued by the shipping companies. Moreover, this paper tests whether shipping companies with an optimal fit between their strategies and their MCS experience superior business performance and a higher perceived usefulness of MCS. Results reinforce the notion that the performance of the shipping companies is contingent on the use of those control systems which are consistent with their strategies and a number of control variables such as experience of the person implemented the MCS, the size, and age of company. © 2010 Taylor & Francis.
U2 - 10.1080/03088839.2010.514957
DO - 10.1080/03088839.2010.514957
M3 - Article
SN - 0308-8839
VL - 37
SP - 625
EP - 660
JO - Maritime Policy and Management
JF - Maritime Policy and Management
IS - 6
ER -