Middlesex University has won a research grant from the Chartered Institute of Management Accountants (CIMA) to investigate performance management in companies.
Senior Lecturer Pingli Li from Middlesex University Business School was awarded the £13,000 grant to examine the performance evaluation system used by Chinese state owned enterprises.
The research could give clues on how companies can avoid some of the financial pitfalls seen in the last 20 years.
Professor Richard Croucher, Associate Dean of Research of Middlesex University Business School, said: “This practically-oriented research on a matter of great importance not only to the Chinese economy but also to managers internationally, uses a set of highly sensitive and contextually-relevant measures to investigate the effectiveness of financial reporting.
“The award of this funding to a leading researcher in this school confirms Middlesex University Business School’s growing reputation as a site of management research.”
Applications were received from 14 different countries across four continents and after a rigorous selection process Middlesex University Business School was one of four projects to be awarded funding.
The research will be completed next year as part of the celebration for the 20th and 25th anniversaries of two seminal pieces of management accounting work, the Balanced Scorecard and Relevance Lost.
Naomi Smith, R&D Manager at CIMA, said: “The last 20 years have seen corporate scandals, the dot-com bubble and the sub-prime debt crisis and these have shifted the role of management accountants from reporting and controlling through planning and analysis, to proactive performance management.
“It is our hope that this research will highlight best practice and lessons that can be used by companies in improving performance management.”
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