Owner-manager drawings, firm performance and financial structure: an analysis of small and closely-held UK firms

Article Abstract:

Owner-managers of small, closely-held UK companies withdraw as much as 60% from the annual profits of their businesses. Their drawing behaviors are influenced by expected and unexpected profits, as well as their financial interests in the business. Creditor support serves as an incentive for high equity firms to reduce drawings during periods of economic deterioration. However, no similar incentive exists among low or negative equity firms; thus, putting the interests of unsecured creditors in jeopardy.

Small Business, Finance, Compensation and benefits, Businessmen

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Some experimental evidence of functional fixation: a research note

Article Abstract:

Familiarity with data sets and techniques for their applications can interfere with subsequent, alternative applications of those data sets when management uses accounting information in making decisions and solving problems. Limited evidence exists of functional fixation in an accounting context.

Decision-making, Decision making, Managerial accounting

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Performance measurement and the use of league tables: some experimental evidence of dysfunctional consequences

Article Abstract:

Research on the use of performance indicators and league tables to assess corporations is presented, with focus on the detrimental effects that occur when managers take decisions based on a desire to improve their league table position.

Risk assessment, Observations, Business planning, Performance standards, Job performance standards

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