Management control system package, risk culture and performance of listed Nigerian firms

This study examines the relationship between management control system (MCS) package (planning, cybernetic, administrative, cultural, and reward and compensation control) and Nigerian listed firms‘ performance as well as the moderating effect of risk culture on the relationship. This study focuses o...

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Main Author:	Ahmad, Nasiru Aminu
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HD28-70 Management Industrial Management
Online Access:	https://etd.uum.edu.my/9236/1/s99188_01.pdf https://etd.uum.edu.my/9236/2/s99188_02.pdf https://etd.uum.edu.my/9236/3/s99188_references.docx
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id	my-uum-etd.9236
record_format	uketd_dc
spelling	my-uum-etd.92362022-04-06T00:48:42Z Management control system package, risk culture and performance of listed Nigerian firms 2019 Ahmad, Nasiru Aminu Mohamed, Rapiah Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HD28-70 Management. Industrial Management This study examines the relationship between management control system (MCS) package (planning, cybernetic, administrative, cultural, and reward and compensation control) and Nigerian listed firms‘ performance as well as the moderating effect of risk culture on the relationship. This study focuses on MCS package due to the limited attention given in prior studies to the interplay of elements of control. In addition, practitioners in developing countries have failed to recognise the influence of risk culture on firm performance. This quantitative study used the cross-sectional method to collect data from 186 listed Nigerian firms via a close-ended questionnaire. The data were analysed using the Partial Least Squares-Structural Equation Modelling (PLS-SEM) method to test 19 postulated hypotheses. The resource-based view (RBV) theory is adopted as the underlying theory to explain the relationship. The results show that 12 hypotheses are supported. The findings indicate that planning control, cybernetic control and reward and compensation control have a significant positive relationship with the firm performance. Similarly, the MCS package, which comprises the five elements of control, is found to have a significantly positive relationship with firm performance and risk culture demonstrates a moderating effect on the relationship. The outcome of this study provides remarkable insights into MCS package and risk culture as they are found to have an influence on firm performance, which is of paramount importance to the success of firms. This study adds to the existing literature by applying the resource-based view theory concern with the MCS package as internal capabilities to enhance firm performance. This study also highlights the role of risk culture to enhance firm performance. Practically, the findings will benefit regulators and managers in discharging their regulatory and managerial responsibilities. Investors and other interest groups will also benefit from the study in their decisions on firm performance. 2019 Thesis https://etd.uum.edu.my/9236/ https://etd.uum.edu.my/9236/1/s99188_01.pdf text eng public https://etd.uum.edu.my/9236/2/s99188_02.pdf text eng public https://etd.uum.edu.my/9236/3/s99188_references.docx text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Mohamed, Rapiah
topic	HD28-70 Management Industrial Management
spellingShingle	HD28-70 Management Industrial Management Ahmad, Nasiru Aminu Management control system package, risk culture and performance of listed Nigerian firms
description	This study examines the relationship between management control system (MCS) package (planning, cybernetic, administrative, cultural, and reward and compensation control) and Nigerian listed firms‘ performance as well as the moderating effect of risk culture on the relationship. This study focuses on MCS package due to the limited attention given in prior studies to the interplay of elements of control. In addition, practitioners in developing countries have failed to recognise the influence of risk culture on firm performance. This quantitative study used the cross-sectional method to collect data from 186 listed Nigerian firms via a close-ended questionnaire. The data were analysed using the Partial Least Squares-Structural Equation Modelling (PLS-SEM) method to test 19 postulated hypotheses. The resource-based view (RBV) theory is adopted as the underlying theory to explain the relationship. The results show that 12 hypotheses are supported. The findings indicate that planning control, cybernetic control and reward and compensation control have a significant positive relationship with the firm performance. Similarly, the MCS package, which comprises the five elements of control, is found to have a significantly positive relationship with firm performance and risk culture demonstrates a moderating effect on the relationship. The outcome of this study provides remarkable insights into MCS package and risk culture as they are found to have an influence on firm performance, which is of paramount importance to the success of firms. This study adds to the existing literature by applying the resource-based view theory concern with the MCS package as internal capabilities to enhance firm performance. This study also highlights the role of risk culture to enhance firm performance. Practically, the findings will benefit regulators and managers in discharging their regulatory and managerial responsibilities. Investors and other interest groups will also benefit from the study in their decisions on firm performance.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Ahmad, Nasiru Aminu
author_facet	Ahmad, Nasiru Aminu
author_sort	Ahmad, Nasiru Aminu
title	Management control system package, risk culture and performance of listed Nigerian firms
title_short	Management control system package, risk culture and performance of listed Nigerian firms
title_full	Management control system package, risk culture and performance of listed Nigerian firms
title_fullStr	Management control system package, risk culture and performance of listed Nigerian firms
title_full_unstemmed	Management control system package, risk culture and performance of listed Nigerian firms
title_sort	management control system package, risk culture and performance of listed nigerian firms
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2019
url	https://etd.uum.edu.my/9236/1/s99188_01.pdf https://etd.uum.edu.my/9236/2/s99188_02.pdf https://etd.uum.edu.my/9236/3/s99188_references.docx
_version_	1747828553511075840

Management control system package, risk culture and performance of listed Nigerian firms

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