Digitalization and Management Control in the Public Sector: What is Next?

Broccardo, Laura; Truant, Elisa; Argento, Daniela

doi:10.1007/978-981-19-4460-4_13

Cited by 2 publications

(4 citation statements)

References 52 publications

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“…Our findings align with prior empirical evidence, demonstrating a positive association between digitalization breadthindicative of the number of internal processes utilizing digital technologies-and the adoption of more formal, strategic and IT-based MCSs (Jorissen et al, 2005). The diffusion of digitalization within MCSs fosters the implementation of new opportunities by enhancing activity integration and information sharing (Corsi et al, 2017), thereby amplifying associated benefits (Broccardo et al, 2023).…”

Section: Discussionsupporting

confidence: 86%

“…The diffusion of digitalization within MCSs fosters the implementation of new opportunities by enhancing activity integration and information sharing (Corsi et al. , 2017), thereby amplifying associated benefits (Broccardo et al. , 2023).…”

Section: Discussionmentioning

confidence: 99%

“…Despite the significance of MCSs in daily management and the burgeoning phenomenon of digitalization, academic research in this realm remains relatively limited and theoretical (M€ oller et al, 2020;Cleary et al, 2022;Broccardo et al, 2023). Some studies have provided evidence emphasizing the link between IT usage and management accounting, suggesting that advancements in IT have the potential to significantly influence the operation of management control, particularly budgeting within firms (Cleary et al, 2022).…”

Section: Literature Review 21 Management Control Systems and Digitali...mentioning

confidence: 99%

“…Consequently, digitalization is becoming increasingly vital for organizational management and performance. When combined with management accounting systems, these benefits may further amplify (Broccardo et al. , 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

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Family firms, management control and digitalization effect

Amato,

Broccardo,

Tenucci

2024

Self Cite

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Purpose This study investigates the association between family firm status and the maturity level of management control systems (MCSs) by considering the moderating effect of process digitalization.Design/methodology/approach The authors conducted an empirical analysis on a sample of 106 Italian firms, utilizing both ordinary least squares and ordered logistic regression in this study.FindingsBy resorting to the MCS maturity model proposed by Marx et al. (2012), the empirical findings reveal that family firms do not differ from their nonfamily counterparts regarding MCS maturity. Furthermore, the degree of process digitalization is positively associated with the probability of adopting IT-related technologies in MCSs. Digitalization negatively moderates the relationship between family firm status and MCS maturity, resulting in family firms exhibiting a lower MCS maturity level than their nonfamily counterparts.Research limitations/implications Despite similar efforts in the digitalization process, family firms lag behind in the adoption of IT-enabled MCSs, which suggests that reduced agency issues in family firms constrain the MCS maturity level.Practical implications This study can assist practitioners in implementing a more mature MCS by considering the interplay between internal digitalization processes and family status of the firm, thereby enhancing the decision-making process.Originality/value This study adds novelty to an underexplored area at the intersection of MCSs, family firms and digitalization.

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Section: Discussionsupporting

confidence: 86%

Section: Discussionmentioning

confidence: 99%

Section: Literature Review 21 Management Control Systems and Digitali...mentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Family firms, management control and digitalization effect

Amato,

Broccardo,

Tenucci

2024

Self Cite

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Digital age imperatives and firm internal control quality: evidence from CEOs personal trait and type of state-owned enterprises

Maqsood,

Wang,

Zahid

2024

MAJ

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Purpose In the context of an evolving digital-based global economy, this study aims to investige the impact of digital transformation (DT) on a firm’s internal control (IC) quality. It also explores how the personal traits of (CEOs) – such as age, gender and educational background – intersect with DT to shape the IC quality in various types of state-owned enterprises (SOEs). Design/methodology/approach The study uses the data from China A-shares non-financial enterprises, listed on Shanghai and Shenzhen stock exchanges between 2007 and 2020. Using the fixed effect regression method alongside various statistical techniques, such as propensity score matching, alternative analysis and instrumental variables analysis, yields robust findings. These methods effectively address issues related to functional form misspecification and potential biases from omitted explanatory variables. Findings The findings reveal a positive impact of DT on firm IC quality, and this impact is more pronounced in firms when the CEO is female, young and possesses a higher level of education. Notably, the study also distinguishes between central and local state-owned enterprises (SOEs), highlighting that DT has a greater influence on IC quality in central SOEs, where CEOs often have higher political ranks and closer to government monitoring. Overall, the findings are robust and consist to alternative variable and other statistical methods. Research limitations/implications Following are the significant implications for both academia and business. First, firms that effectively adopt DT to enhance IC not only gain a strategic advantage over competitors but also establish efficient risk management practices and a robust IC system. Second, better IC resulting from DT can enhance investor and stakeholder confidence. This is particularly important for publicly traded companies, where investors and analysts closely scrutinize the robustness of IC systems. Third, DT could result in cost savings over time, as automation and streamlined processes may reduce the need for manual efforts and resource-intensive tasks associated with IC. Originality/value The findings are contributed to the literature in multiple ways. It enhances our comprehension of the intricate DT-IC quality relationship, and provides valuable insights into the transformative impact of DT on organizational operations and risk management. It also introduces a novel perspective by investigating how CEOs personal traits intersect with DT to shape IC quality, contributing to upper echelons theory. Furthermore, it expands the discussions on firm ownership by considering the types of SOEs (central vs. local), in the DT-IC quality context.

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Digitalization and Management Control in the Public Sector: What is Next?

Cited by 2 publications

References 52 publications

Family firms, management control and digitalization effect

Family firms, management control and digitalization effect

Digital age imperatives and firm internal control quality: evidence from CEOs personal trait and type of state-owned enterprises

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