Accounting & Management Control Research Cluster
The Accounting & Management Control Research Cluster is home to an international community of academics and students, led by Professor Elaine Harris. The cluster meets regularly in Southlands College to discuss their wide-ranging research interests; from corporate governance to strategic investment decision-making to integrated reporting. Cluster members are regularly invited to speak about their research as part of the Accounting Group’s seminar series which also welcomes visiting academics. Members of the cluster publish in the internationally renowned journals including the Accounting, Auditing & Accountability Journal, Management Accounting Research, The British Accounting Review, and Contemporary Accounting Research.
The current research programme of the cluster includes
- Accounting & Corporate Governance
- Integrated Reporting
- Management Control
- Performance Management
- Risk Management
- Strategic Investment Decision-Making
- Professor Cristiano Busco
- Professor Elaine Harris
- Dr Irma Malafronte (maternity leave)
- Dr Moataz Elmassri
- Dr Rodrigo Silva de Souza
- Professor Kenneth Smith (Visiting during fall 2019 from Salisbury University, Maryland, US)
- Christiaan Roell (Supervisors: Prof. Harris, Dr. Nazarian, Dr. Osabutey)
- Mahmoud Jastaniah (Supervisors: Prof. Busco, Dr. Elmassri)
- Megan Kelly (Supervisors: Prof. Harris, Dr. Howlett)
- Simon Jewell (Supervisors: Prof. Harris, Dr. Louth)
- Tingting Song (Supervisors: Prof. Harris, Dr. Puwanenthiren)
Changing the thinking, policy, and practice in strategic investment decisions in organisations
Professor Harris' research changes the way business managers make strategic investment decisions in organisations. It draws upon psychology and social theory and shows how people can make more balanced investment decisions, by combining multi-dimensional analysis with managerial judgment. See for example the output of a project she led, funded by the ICAEW charitable trust. The report links financial and non-financial strategic goals and incorporates risk analysis and integrated thinking. The impact has been to change the thinking, policy and practice of organisational leaders, embracing wider critical success factors in their decision-making.
Elaine also chairs the Management Control Association, a network of researchers whose aim is to develop critical insights into control processes and to encourage research that recognises the organisational, personal and social contexts of control. In her book she defines management control as “all the systems and procedures established and action taken by managers to ensure that the organisational goals are met”.
PhD student awarded a prestigious ICAEW internship
Megan Kelly, a first-year PhD student, has been working with ICAEW as a researcher in the technical strategy department over the summer 2019. As part of the Thought Leadership Programme, Megan is contributing to the Connect and Reflect series, which describes an approach to communications which will benefit all stakeholders and lead to operational changes which will support this development. The Connect and Reflect series consists of five papers to encourage a positive approach to corporate governance, ensuring that companies connect with and reflect society. The papers published in the series include how to end excessive pay; how employee directors add value and how whistleblowing helps companies.
Megan is contributing to the fifth paper in the series; how to mark governance out of 10. With guidance, Megan is conducting a systematic review of corporate governance measurements, focusing on who is conducting the assessments, what elements of governance are considered and prioritised, and how the assessments are presented. Megan will then present this to the ICAEW Corporate Governance Committee, and again to the technical strategy team. Megan is the first researcher to work with ICAEW in this way, as ICAEW expects to connect with academic researchers in other areas of the Thought Leadership Programme.
Exploring reactions of the Egyptian family-owned businesses to a new western-based control system
Dr. Elmassri in collaboration with Professor Harris is working on a research paper around business management and control practices in Egyptian family-owned businesses. They investigate how the managers in growing Egyptian family-owned businesses react to a new western-based control system, and how they re-define the facts, possibilities, values and communication dimensions of the system in their company setting. They explore the changes, e.g., in the decision-making process and how the company members reflect upon the fact that the company is still “family-owned” but no longer “family-managed”.
The authors analyse the similarities and differences in managers’ views through an innovative combination of 24 interviews and 75 questionnaire responses. The findings show that the attitudes to the new management control system, implemented by an Italian consulting firm are markedly different when compared to responses from directors with lower-level managers and family with non-family members. This is especially so in relation to questions about whether the new control system enables or enhances performance evaluation and about how it affects job fairness.
Our recent research-related successes
Professor Cristiano Busco and Professor Elaine Harris ran a joint conference of the MCA and ENROAC that was held at the University of Roehampton in June 2019 for over 100 international delegates, with more than 16 doctoral students participating in a colloquium and 2-day conference.
Professor Cristiano Busco in collaboration with Dr. Malafronte published an article titled 'The Determinants of Companies' Levels of Integration: Does One Size Fit All?' in the British Accounting Review.
Professor Elaine Harris acted as a guest editor in the Special Issue on Sustainability Control Systems in the Journal of Management Control.