The Role of Management Controls in Transforming Firm Boundaries and
Sustaining Hybrid Organizational Forms aims to demonstrate how
controls have been used to mitigate risk and to facilitate
collaboration in inter-firm transactions. The authors aim to
highlight the central themes and identify emergent research streams
that offer promise for advancing our understanding of inter-firm
management controls. The monograph considers two streams of
empirical management accounting research that are distinguished by
their focus and typical research methods -- one stream of research
focuses on the determinants of investments in contracts and other
management controls while the other stream focuses on how the
stability of hybrid forms is affected by individual managers who
both negotiate and manage inter-firm transactions under the
influence of management controls. The thesis of this study is that
inter-firm management control is central to generating the returns
to hybrid organizational forms. Following an introduction, the
authors examine how contracts are used to control opportunistic
hazards and to facilitate coordination in inter-firm transactions.
The next section moves beyond the formal contract to consider other
mechanisms of control that are employed to mitigate risk and
sustain hybrid organizational forms. Sections 2 and 3 focus on the
contingent relationship between transaction risks and management
controls and are premised on firms maximizing long-run profits
using a combination of revenue maximization and cost minimization.
Section 4 reviews an emergent stream of behavioral research that
investigates how individual managers, who negotiate and transact on
behalf of firms, influence and are influenced by management
controls. The authors conclude in Section 5 with a discussion of
directions for future research.
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