Privatization, management accounting change, and cultural values in a developing country: Case studies from Bangladesh

Hoque, Zahirul, and Alam, Manzurul (2004) Privatization, management accounting change, and cultural values in a developing country: Case studies from Bangladesh. In: Hopper, Trevor, and Hoque, Zahirul, (eds.) Accounting and Accountability in Emerging and Transition Economies. Research in Accounting in Emerging Economies . Emerald Group Publishing, Oxford, UK, pp. 441-466.

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In this article, we report on a field study of how privatization programs affected management accounting and control systems in two privatized jute goods manufacturing firms in Bangladesh. The change to the organizations' structures and operations arising from privatization is explained using the notions of leadership styles, external legitimacy, and cultural values and social norms. Our findings revealed that government's privatization programs resulted in wide-ranging changes to financial and administrative junctions of the organizations. These changes included participative management styles, decentralized organizational structures, multidimensional performance measurement systems, worker participation, and a new incentive policy for workers. Leadership styles appeared to have a significant impact on the design and operation of innovative management control systems. This new organizing paradigm is well suited to changing social, economic and cultural conditions in the organizations studied.

Item ID: 14402
Item Type: Book Chapter (Research - B1)
ISBN: 978-0-7623-1076-0
ISSN: 1479-3563
Keywords: Bangladesh; cultural values; management accounting; privatization
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Date Deposited: 19 Nov 2010 02:38
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150312 Organisational Planning and Management @ 100%
SEO Codes: 90 COMMERCIAL SERVICES AND TOURISM > 9099 Other Commercial Services and Tourism > 909999 Commercial Services and Tourism not elsewhere classified @ 100%
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