Environmental Uncertainty, Performance Measure Variety and Perceived Performance in Icelandic Companies

Pall Rikhardsson, Throstur Olaf Sigurjonsson, Audur Arna Arnardottir

    Research output: Contribution to conferencePaperResearchpeer-review

    Abstract

    The use of performance measures and performance measurement frameworks has increased significantly in recent years. The type and variety of performance measures in use has been researched in various countries and linked to different variables such as the external environment, performance measurement frameworks, and management characteristics. This paper reports the results of a study carried out at year end 2013 of the use of performance measures by Icelandic companies and the links to perceived environmental uncertainty, management satisfaction with the performance measurement system and the perceived performance of the company. The sample was the 300 largest companies in Iceland and the response rate was 27%. Compared to other studies the majority of the respondents use a surprisingly high number of different measures – both financial and non-financial. This made testing of the three hypotheses difficult. Possible explanations of the high number of performance measures in use in Icelandic companies could be the recent period of high environmental turbulence forcing them to adopt more measures focusing on a variety of performance areas. This should be researched further.
    The use of performance measures and performance measurement frameworks has increased significantly in recent years. The type and variety of performance measures in use has been researched in various countries and linked to different variables such as the external environment, performance measurement frameworks, and management characteristics. This paper reports the results of a study carried out at year end 2013 of the use of performance measures by Icelandic companies and the links to perceived environmental uncertainty, management satisfaction with the performance measurement system and the perceived performance of the company. The sample was the 300 largest companies in Iceland and the response rate was 27%. Compared to other studies the majority of the respondents use a surprisingly high number of different measures – both financial and non-financial. This made testing of the three hypotheses difficult. Possible explanations of the high number of performance measures in use in Icelandic companies could be the recent period of high environmental turbulence forcing them to adopt more measures focusing on a variety of performance areas. This should be researched further.

    Conference

    Conference12th Manufacturing Accounting Research Conference
    Number12
    LocationCopenhagen Business School. CBS
    CountryDenmark
    CityFrederiksberg
    Period11/06/201413/06/2014
    Internet address

    Bibliographical note

    CBS Library does not have access to the material

    Cite this

    Rikhardsson, P., Sigurjonsson, T. O., & Arnardottir, A. A. (2014). Environmental Uncertainty, Performance Measure Variety and Perceived Performance in Icelandic Companies. Paper presented at 12th Manufacturing Accounting Research Conference, Frederiksberg, Denmark.
    Rikhardsson, Pall ; Sigurjonsson, Throstur Olaf ; Arnardottir, Audur Arna. / Environmental Uncertainty, Performance Measure Variety and Perceived Performance in Icelandic Companies. Paper presented at 12th Manufacturing Accounting Research Conference, Frederiksberg, Denmark.17 p.
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    abstract = "The use of performance measures and performance measurement frameworks has increased significantly in recent years. The type and variety of performance measures in use has been researched in various countries and linked to different variables such as the external environment, performance measurement frameworks, and management characteristics. This paper reports the results of a study carried out at year end 2013 of the use of performance measures by Icelandic companies and the links to perceived environmental uncertainty, management satisfaction with the performance measurement system and the perceived performance of the company. The sample was the 300 largest companies in Iceland and the response rate was 27{\%}. Compared to other studies the majority of the respondents use a surprisingly high number of different measures – both financial and non-financial. This made testing of the three hypotheses difficult. Possible explanations of the high number of performance measures in use in Icelandic companies could be the recent period of high environmental turbulence forcing them to adopt more measures focusing on a variety of performance areas. This should be researched further.",
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    Rikhardsson, P, Sigurjonsson, TO & Arnardottir, AA 2014, 'Environmental Uncertainty, Performance Measure Variety and Perceived Performance in Icelandic Companies' Paper presented at, Frederiksberg, Denmark, 11/06/2014 - 13/06/2014, .

    Environmental Uncertainty, Performance Measure Variety and Perceived Performance in Icelandic Companies. / Rikhardsson, Pall; Sigurjonsson, Throstur Olaf; Arnardottir, Audur Arna.

    2014. Paper presented at 12th Manufacturing Accounting Research Conference, Frederiksberg, Denmark.

    Research output: Contribution to conferencePaperResearchpeer-review

    TY - CONF

    T1 - Environmental Uncertainty, Performance Measure Variety and Perceived Performance in Icelandic Companies

    AU - Rikhardsson,Pall

    AU - Sigurjonsson,Throstur Olaf

    AU - Arnardottir,Audur Arna

    N1 - CBS Library does not have access to the material

    PY - 2014

    Y1 - 2014

    N2 - The use of performance measures and performance measurement frameworks has increased significantly in recent years. The type and variety of performance measures in use has been researched in various countries and linked to different variables such as the external environment, performance measurement frameworks, and management characteristics. This paper reports the results of a study carried out at year end 2013 of the use of performance measures by Icelandic companies and the links to perceived environmental uncertainty, management satisfaction with the performance measurement system and the perceived performance of the company. The sample was the 300 largest companies in Iceland and the response rate was 27%. Compared to other studies the majority of the respondents use a surprisingly high number of different measures – both financial and non-financial. This made testing of the three hypotheses difficult. Possible explanations of the high number of performance measures in use in Icelandic companies could be the recent period of high environmental turbulence forcing them to adopt more measures focusing on a variety of performance areas. This should be researched further.

    AB - The use of performance measures and performance measurement frameworks has increased significantly in recent years. The type and variety of performance measures in use has been researched in various countries and linked to different variables such as the external environment, performance measurement frameworks, and management characteristics. This paper reports the results of a study carried out at year end 2013 of the use of performance measures by Icelandic companies and the links to perceived environmental uncertainty, management satisfaction with the performance measurement system and the perceived performance of the company. The sample was the 300 largest companies in Iceland and the response rate was 27%. Compared to other studies the majority of the respondents use a surprisingly high number of different measures – both financial and non-financial. This made testing of the three hypotheses difficult. Possible explanations of the high number of performance measures in use in Icelandic companies could be the recent period of high environmental turbulence forcing them to adopt more measures focusing on a variety of performance areas. This should be researched further.

    M3 - Paper

    ER -

    Rikhardsson P, Sigurjonsson TO, Arnardottir AA. Environmental Uncertainty, Performance Measure Variety and Perceived Performance in Icelandic Companies. 2014. Paper presented at 12th Manufacturing Accounting Research Conference, Frederiksberg, Denmark.