Agency theory, national culture and management Control Systems Ekanayake, Samson 2004, Agency theory, national culture and management Control Systems, Journal of American academy of business, vol. 4, no. 1/2, pp. 49-54. Attached Files Name Description MIMEType Size Downloads Title Agency theory, national culture and management Control Systems Author(s) Ekanayake, Samson Journal name Journal of American academy of business Volume number 4 Issue number 1/2 Start page 49 End page 54 Publisher American Academy of Business, Cambridge Place of publication Hollywood, Fla. Publication date 2004-03 ISSN 1540-1200 Keyword(s) studies agency theory cultural differences organizational behavior organization development management controls information systems Summary Management control system of an organization is the structured facet of management, the formal vehicle by which the management process is executed. In most organizations, systems exist for planning, organizing, directing, controlling and motivating. Depending on the level of appropriateness and quality of the management control systems, the task of management is either facilitated or hindered. The end goal of a management control system is achieving organizational objectives. Because employees (agents) do not always give their best efforts for achieving organizational objectives, management control systems need to strive for aligning goals of agents (e.g., employees, subordinates) with that of principals (e.g., senior management, owners). Agency theory and its extension, principal agent model, provide insights to the problem of goal congruence and suggest remedies, at least in the Western cultural context. Whether the agency theory presumptions, predictions and prescriptions are universally applicable is an important issue in management. Their validity in different cultural contexts is largely unknown. The available literature to date indicates the possibility that agency theory may not be valid in non-western cultures. However, further empirical research is needed in non-western cultures to shed more light to this issue. Language eng Field of Research 150105 Management Accounting HERDC Research category C1 Refereed article in a scholarly journal Copyright notice ©2004, American Academy of Business, Cambridge Persistent URL http://hdl.handle.net/10536/DRO/DU:30002408 Document type: Journal Article Collections: Faculty of Business and Law School of Accounting, Economics and Finance Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Fri, 02 Jan 2009, 09:19:51 EST Tue, 17 Nov 2009, 07:33:09 EST Fri, 17 Oct 2014, 08:14:19 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 4988 Abstract Views, 0 File Downloads  -  Detailed Statistics Created: Mon, 07 Jul 2008, 08:23:54 EST