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- W1524408082 abstract "Abstract Consistent with the growing use of nonfinancial performance measures by public and private sector organizations, researchers are placing increasing emphasis on the choice, use and performance consequences of these measures. Although this emphasis has produced a variety of informative studies using a diverse set of research designs, researchers face the ongoing challenge of determining how to significantly extend studies on nonfinancial measures in order to prevent stagnation in this research stream, increase our understanding of measurement practices and benefits, and respond to the emerging performance measurement issues facing organizations. Our objective is to examine some of the means available to extend the boundaries of research on nonfinancial performance measures. These include both advances in research designs and the examination of new research topics. Although our discussion primarily focuses on quantitative empirical studies, the research issues and emerging topics we cover are equally applicable to qualitative, experi-mental and theoretical research on nonfinancial performance measurement. We begin by providing a broad overview of existing empirical studies on the three primary research topics examined in this literature: 1. the association between nonfinancial performance and current or future economic returns; 2. the factors influencing the choice of nonfinancial performance measures and the relative emphasis placed on financial and nonfinancial measures; 3. the performance effects of nonfinancial performance measurement systems. In conducting this overview, we highlight opportunities to improve or extend research on these traditional topics. We then discuss several emerging research areas that have received relatively little emphasis in the management accounting literature. These topics include the evolution in firms’ nonfinancial performance measurement practices, the use of nonfinancial measures for risk management purposes, the roles of these measures in corporate governance, and the links between the internal use of nonfinancial measures and the external disclosure of this information (the latter of which we consider an important component of management control systems)." @default.
- W1524408082 created "2016-06-24" @default.
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- W1524408082 date "2009-01-01" @default.
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- W1524408082 title "Extending the Boundaries: Nonfinancial Performance Measures" @default.
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- W1524408082 doi "https://doi.org/10.1016/s1751-3243(07)03002-7" @default.
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