2019 - Franco Angeli
Article
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Management accounting systems in venture capital-backed start-up companies
35-58 p.
- Management Accounting Systems (MAS) can help start-up companies to manage resource allocation and satisfy investors' information needs. This study helps to investigate the main features of MAS adopted by Italian venture capital-backed start-up companies. Also, the study aims to analyse how venture capitalists monitor their investment through management accounting. Thirty semi-structured interviews were carried out to gather information from a corporate and an investor perspective. Our results show that both start-up companies and investors consider MAS as useful to make conscious and target-oriented decisions. MAS are used by investors to monitor the investee's performance and contribute in aligning goals' time horizon. In addition, MAS help investors to develop a cooperative relationship with start-up companies and to provide business advices.
- This study contributes to the agency-theory debate by showing that MAS help not only to reduce information asymmetries but also to foster a dialogue and to benefit from investors' human capital. [Publisher's text].
Is part of
Management Control : 3, 2019-
Information
ISSN: 2239-4397
KEYWORDS
- Agency theory, information asymmetry, management accounting systems, start-up, venture capital
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In this issue
- Editoriale : tratti di innovazione nei sistemi di controllo e risk management
- Internet of Things e Industria 4.0 : un case study di successo di digital manufacturing
- Management accounting systems in venture capital-backed start-up companies
- Accounting change negli enti locali : quali condizioni per il miglioramento nell'ottica gestionale?
- Innovazione di processo nello sviluppo del sistema dei controlli negli enti locali
- L'impiego del controllo di gestione negli atenei : i risultati di un'indagine AssoController
- Corruzione e performance nei sistemi sanitari regionali italiani
- The disclosure in the Anti-Corruption Plans : formal vs substantive attempts in the Italian Regional Governments
- Rendicontare l'impatto sociale : metodologie, indicatori e tre casi di sperimentazione in Toscana