Recovery Planning and Management Control System in Company Crisis

作     者：Elisa Giacosa Alberto Mazzoleni 

作者机构：University of Turin Turin Italy University of Brescia Brescia Italy 

出 版 物：《Journal of Modern Accounting and Auditing》 (现代会计与审计（英文版）)

年 卷 期：2012年第8卷第9期

页      面：1326-1337页

学科分类：120202[管理学-企业管理（含：财务管理、市场营销、人力资源管理）] 12[管理学] 1202[管理学-工商管理] 081405[工学-防灾减灾工程及防护工程] 08[工学] 0814[工学-土木工程] 

主　　题：company crisis recovery process recovery planning management control system Italian context 

摘      要：The main goal of this paper is to analyze situations of financial crisis in Italian companies. The analysis has also been focused on the company＇s attitude to overcome the financial crisis. Secondly, the authors have analyzed if the recovery project has required the introduction of a new management control system or changes to the existing management control system. The methodology is composed of several steps. First of all, the authors have analyzed the existing literature. Secondly, the authors have referred to a sample of 98 Italian recovery projects formalized by Italian private companies. The analysis of the literature and the recovery projects permits to achieve some provisional results, which have been tested through surveys. The methodology approach is inspired by the grounded theory. The findings have been several： （1） The crisis is a usual event in the lifecycle of a firm, due to a deterioration of its strength and a change of the context; （2） The timing factor has played a fundamental role in managing the crisis situation, because a late identification of the symptoms or a minimization of them can generate an irreversible situation; and （3） In addition, a recovery project includes the introduction of a new management control system or changes to the existing management control system. These new or modified management control systems use ＂feed-forward＂ mechanisms, which make early predictions about the changes in the characteristics of the competitive framework.