Perception of essence of controlling and its use in manufacturing enterprises in time of crisis: does controlling fulfill its essence?
Abstract
The use of controlling in the business sphere is relatively broad and its essence can be perceived diversely by enterprises of different sectors and sizes. The aim of the research is to identify the current state of the use of controlling in Slovak manufacturing enterprises with an assessment of the perception of its essence in terms of capital structure and business performance measured by the Return on Sales (ROS). Total of 347 enterprises were asked by means of stratified sampling in 2020. Goodness-of-fit test was used when examining the representativeness of the research sample and for individual hypotheses the two-sample test of relative frequencies, relative frequency test, 95% interval estimates of relative frequencies, contingency and Pearson’s chi-square test were applied. Testing confirmed the existence of statistically significant correlation between the capital structure of manufacturing enterprises and the level of wider perception and practical use of the essence of controlling in relation to the performance measured by ROS. In conclusion is demonstrated that the potential of controlling in enterprises is not fully used, especially in the form of comprehensive secondary coordination of management and the possible directions of using it are outlined, with a positive impact on business performance.
Keyword : controlling, controlling activities, benefits, manufacturing enterprises, perception, Return on Sales
How to Cite
Potkány, M., Hašková, S., Lesníková, P., & Schmidtová, J. (2022). Perception of essence of controlling and its use in manufacturing enterprises in time of crisis: does controlling fulfill its essence?. Journal of Business Economics and Management, 23(4), 957–976. https://doi.org/10.3846/jbem.2022.17391
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Bieńkowska, A. (2020). Controlling Effectiveness Model – empirical research results regarding the influence of controlling on organizational performance. Engineering Management in Production and Services, 12(3), 28–42. https://doi.org/10.2478/emj-2020-0017
Bieńkowska, A., Tworek, K., & Zabłocka-Kluczka, A. (2019). IT reliability and its influence on the results of controlling: comparative analysis of organizations functioning in Poland and Switzerland. Information Systems Management, 37(1), 33–51. https://doi.org/10.1080/10580530.2020.1696545
Bieńkowska, A., & Zabłocka-Kluczka, A. (2016). Trust and controlling. Management, 20(2), 261–277. https://doi.org/10.1515/manment-2015-0064
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Bose, S., Shams, S., Ali, M. J., & Mihret, D. (2021). COVID-19 impact, sustainability performance and firm value: International evidence. Accounting & Finance, 61(2), 1–49. https://doi.org/10.1111/acfi.12801
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Dewi, N. P. Y. K., & Wirawati, N. G. P. (2021). The influence of share ownership structure and company size on corporate social responsibility disclosures. American Journal of Humanities and Social Sciences Research, 5(2), 67–73.
Dobrovič, J., Kmeco, L., Gallo, P., & Gallo jr., P. (2019). Implications of the model EFQM as a strategic management tool in practice: A case of Slovak tourism sector. Journal of Tourism and Services, 10(18), 47–62. https://doi.org/10.29036/jots.v10i18.91
Dokulil, J., Popesko, B., & Dvorský, J. (2020). The budgeting processes of Czech companies: The role of the ownership structure and foreign capital. Oeconomia Copernicana, 11(4), 779–798. https://doi.org/10.24136/oc.2020.031
Dvorský, J., Čepel, M., Kotásková, A. & Bugánová, K. (2021). Differences in business risk effects on the future of SMEs due to Covid-19 pandemic. International Journal of Entrepreneurial Knowledge, 9(2), 14–31. https://doi.org/10.37335/ijek.v9i2.144
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