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dc.contributor.authorGómez Conde, Jacobo 
dc.contributor.authorLopez Valeiras, Ernesto
dc.contributor.authorRosa, Fabricia Silva da
dc.contributor.authorLunkes, Rogério João
dc.contributor.otherUAM. Departamento de Contabilidades_ES
dc.date.accessioned2022-11-29T11:43:27Z
dc.date.available2022-11-29T11:43:27Z
dc.date.issued2022-11-28
dc.identifier.citationReview of Managerial Science (2022): 1-27en_US
dc.identifier.issn1863-6683 (print)en_US
dc.identifier.issn1863-6691 (online)en_US
dc.identifier.urihttp://hdl.handle.net/10486/705434
dc.description.abstractWe examine the extent to which broad-scope management control systems (MCS) mitigate the negative impact of a crisis with extreme uncertainty on investor and shareholder expectations and the potential role of boundary systems in this link. We use the COVID-19 pandemic as research setting to analyse this link and market value as a proxy for expectations. Our hypotheses are tested using a combination of survey and archival data from large organizations listed on the Brazilian Stock Exchange, resulting in a panel of 6257 organization-week observations. Our main results are consistent with the hypotheses. We also conduct a series of sensitivity tests to check the robustness of our main fndings. Our results remain signifcant across specifcations: alternative identifcation strategy, or additional control variables. In an additional analysis, we also examine the role of lenders. Overall, we extend the scarce prior literature on the efectiveness of MCS under crisis management and provide new evidence for signaling theory, thus connecting both streams of literature. The COVID-19 pandemic provides an optimal context for researching this topic because, in contrast to past economic downturns or fnancial crises, it has required organizations across industries to adapt quickly and respond to new demands with unpredictable economic, behavioural, and societal consequencesen_US
dc.description.sponsorshipOpen Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature.en_US
dc.format.extent27 pag.es_ES
dc.format.mimetypeapplication/pdfen_US
dc.language.isoengen
dc.publisherSpringeren_US
dc.relation.ispartofReview of Managerial Scienceen_US
dc.rights© The Author(s) 2022en_US
dc.subject.otherManagement control systemsen_US
dc.subject.otherManagement accountingen_US
dc.subject.otherBroad scopeen_US
dc.subject.otherCOVID-19en_US
dc.subject.otherCrisis managementen_US
dc.subject.otherSignaling theoryen_US
dc.titleThe efect of management control systems in managing the unknown: Does the market appreciate the breadth of vision?en_US
dc.typearticleen_US
dc.subject.ecienciaEconomíaes_ES
dc.relation.publisherversionhttps://doi.org/10.1007/s11846-022-00601-0en_US
dc.identifier.publicationfirstpage1es_ES
dc.identifier.publicationlastpage27es_ES
dc.type.versioninfo:eu-repo/semantics/publishedVersionen_US
dc.rights.ccReconocimientoes_ES
dc.rights.accessRightsopenAccessen_US
dc.facultadUAMFacultad de Ciencias Económicas y Empresarialeses_ES


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