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Open AccessArticle

Systemic Approach to Management Control through Determining Factors

Faculty of Law and Administrative Sciences, Stefan cel Mare University, Suceava 720229, Romania
Faculty of Accounting, Academy of Economic Studies of Moldova, Chișinău MD-2005, Moldova
Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Iași 700506, Romania
Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2018, 11(4), 65;
Received: 28 September 2018 / Revised: 11 October 2018 / Accepted: 17 October 2018 / Published: 22 October 2018
(This article belongs to the Special Issue Applied Econometrics)
This article aimed to analyse the influence of the main factors on management control used in optimization activities, in order to reach the strategic goals of a company. Agency, transactional costs and contingency theories have been analysed from the traditional perspective. This study reviewed resource-based, institutional, planned behaviour and upper echelon theories, and underlined the main features of management control processes. Empirical evaluation was conducted using data collected from interviews of top management of the main and secondary segments of the Bucharest Stock Exchange. Consequently, we showed the specific features of the systemic approach to management control by means of its determining factors: control environment, management strategies and budgetary system, operational control and the performance appraisal system. View Full-Text
Keywords: control environment; budgetary system and strategies; operational control; company performance control environment; budgetary system and strategies; operational control; company performance
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Bostan, I.; Bîrcă, A.; Țurcanu, V.; Sandu, C.B. Systemic Approach to Management Control through Determining Factors. J. Risk Financial Manag. 2018, 11, 65.

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