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  1. Squeezing or cuddling? The impact of economic crises on management control and stakeholder management

    Asel, Johannes; Posch, Arthur; Speckbacher, Gerhard
    This paper analyzes the effects of economic crises on firms' use of management control mechanisms and on their management of stakeholder relations. Moreover, the association between stakeholder management and management control system use is analyzed. In the wake of the economic crisis of 2008/2009, many firms were faced with severe threats that called for immediate short-term action to ensure firm survival. However, short-term action like massive cost-cutting and cash generation often are blamed for going at the expense of long-term health as key stakeholder relations may be irreversibly harmed. Hence, three interrelated questions are addressed theoretically and empirically: First, we...
    (application/pdf) - 18-oct-2016

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