Mojca Marc - Academia.edu (original) (raw)

Papers by Mojca Marc

EURASIAN JOURNAL OF SOCIAL SCIENCES, 2021

The positive impact of parenting programs on the health and wellbeing of individuals and their im... more The positive impact of parenting programs on the health and wellbeing of individuals and their immediate community has been confirmed in many studies. Often, and especially during the Covid-19 pandemics, prevention health programs are stalled due to other policy priorities. Costbenefit analysis (CBA) can be used for the economic evaluation of public health programs to support evidence-based health policies and allows the comparison of the monetized effects of programs across different societal domains. However, CBA requires a variety of data that are typically difficult to obtain. Using the Incredible Years (IY) parenting program case, we illustrate how CBA can be practically applied. For parenting programs, the positive effects arise exclusively in non-monetary form as benefits arising from avoiding adverse effects in society. We show how to monetize them by estimating the avoided costs of healthcare, educational, and other societal costs due to the program's implementation. At...

Technology Analysis & Strategic Management, 2021

Understanding charge collection and trapping mechanisms is crucial for using hexagonal boron nitr... more Understanding charge collection and trapping mechanisms is crucial for using hexagonal boron nitride (h-BN) as active layers for many photonic and electronic devices such as deep UV detectors and emitters, neutron detectors, and single photon emitters. Charge collection and trapping mechanisms in h-BN epilayers have been investigated by probing impurity related optical emissions under an applied electrical field. Our results suggested that the existence of oxygen impurities affects the charge collection efficiency and results in an additional emission peak at 3.75 eV, corresponding to a donor-acceptor pair (DAP) recombination involving O N (oxygen residing on the nitrogen site) donors and the V B-H (boron vacancy bonded with hydrogen complex) deep level acceptors. Experimental results further revealed that the applied electric field induces an anti-correlation between the emission intensity of the DAP transition and the charge collection efficiency from which it was shown that it is possible to find an expression to quantitatively measure the maximum charge collection efficiency in h-BN. The results introduce not only a coherent picture for the relationship between common impurities in h-BN and charge collection and trapping mechanisms but also useful insights into possible approaches to improve the quality, purity, and charge collection of the h-BN epilayers.

Performance Measurement and Management Control: The Relevance of Performance Measurement and Management Control Research, 2018

Our study investigates the relationships between risk management systems (RMS), strategy and orga... more Our study investigates the relationships between risk management systems (RMS), strategy and organizational performance. The existing research has extensively studied the effect of strategy on organizational performance. There is also a growing body of literature suggesting that RMS positively influence the achievement of organizational objectives. However, there are only a few conceptual papers (and no empirical evidence) on the relationship between strategy and RMS. We investigate whether different strategy types (defender, analyzer, prospector, and reactor) induce different levels of RMS development and, hence, affect performance indirectly, as well as directly. We use regression analysis and survey data to test the proposed relationships. Our results confirm the direct effects of strategy type and RMS development on performance. We confirm that prospectors perform better than defenders, analyzers, and reactors across five measures of performance (profitability, sales growth, market share, new product development, and customer satisfaction). We also find that companies with more developed RMS perform better in terms of non-financial performance (measured by new product development). Contrary to the prevailing evidence, we do not find significant results for financial performance. Moreover, our findings show that there is no mediating effect of RMS development in the relationship between strategy type and performance. This implies that RMS and strategy act as independent variables, each individually affecting organizational performance.

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad, 2019

A calculative culture (CC) conveys the way managers use analytical models and numbers for decisio... more A calculative culture (CC) conveys the way managers use analytical models and numbers for decision-making. We investigate whether this concept holds the potential to become a contextual variable in research on Management Control Systems (MCS) because CC arguably relates to the design and use of MCS, and to organisational performance. Using a mixed methods approach (literature review, interviews, a cross-sectional survey, confirmatory factor analysis-CFA), we develop and validate an instrument for measuring CC as a group-level variable. We find CC has two dimensions: (1) analytical enthusiasm (enthusiasm for advanced analytical methods); and (2) numerical pragmatism (pragmatism in number interpretation). We characterise four types of CC found in top management teams: (1) smart enthusiasts; (2) extreme sceptics; (3) irrational sceptics; and (4) extreme enthusiasts. Finally, we empirically confirm that CC acts independently alongside other contextual variables, such as size, age, industry, ownership structure, strategy type, (geographic) market orientation, perceived organisational performance relative to competitors, and business environment uncertainty. This shows CC may be employed as an additional contextual variable in future studies on MCS design and use. CULTURA CALCULADORA EN SISTEMAS DE CONTROL DE GESTIÓN: DESARROLLO DE ESCALA Y TIPOLOGÍA. RESUMEN Una cultura calculadora (CC) transmite la forma en que los gerentes utilizan modelos analíticos y cifras para la toma de decisiones. Investigamos si este concepto tiene el potencial de convertirse en una variable contextual en la investigación de los sistemas de control de gestión (SCG) dado que es posible que CC esté relacionada con el diseño y uso de SCG y con el rendimiento organizacional. Mediante el uso de distintos métodos (revisión de la literatura, entrevistas, encuesta transversal, análisis factorial confirmatorio), desarrollamos y validamos un instrumento para la medición de CC como una variable a nivel de grupo. Encontramos que CC tiene dos dimensiones: (1) entusiasmo analítico (entusiasmo por métodos analíticos avanzados); y (2) el pragmatismo numérico (pragmatismo en la interpretación de las cifras). Caracterizamos cuatro tipos de CC que se encuentran en los ARTICLE HISTORY

E+M Ekonomie a Management, 2018

Enterprise risk management (ERM) programs are advocated as the solution for the failures and weak... more Enterprise risk management (ERM) programs are advocated as the solution for the failures and weaknesses of the traditional silo-based risk management in creating and protecting stakeholders' value. ERM encompasses activities and strategies which enable the company to systematically identify, measure, reduce or exploit, as well as to control and monitor the exposure to various types of corporate risks-strategic, fi nancial, operational, reporting as well as compliance risks. By considering the interactive effects of different risk events, ERM offers a balance between the dual nature of risk-ensuring effective protection from threats and seizing the opportunities. This paper explores the association between ERM and a set of fundamental value determinants of S&P 500 non-fi nancial companies over the period from 2003 to 2012. Contrary to arguments found in the existing ERM literature, ERM companies did not experience a positive effect on most of the value drivers. We fi nd that ERM is associated with lower expected growth rates within one to two years after the ERM adoption, indicating that ERM could even have a negative effect on the company's fundamental value. On the other hand, the study showed that ERM is associated with higher free cash fl ows after six years of its use. Our research thus found indicative evidence that ERM produces some positive effects over a longer term, as well as some negative immediate effects, which could be explained with the increased risk aversion of ERM companies. However, since the tested models are explorative in nature, more theoretical and empirical research is needed to establish how ERM really works within a company.

Journal of Business & Economics Research (JBER), 2011

Even though Internet usage in CEE population is increasing, it is below European average. The maj... more Even though Internet usage in CEE population is increasing, it is below European average. The majority of companies are recognizing the need to do business electronically. However, most companies are currently still at the beginning stages: e-business does not reach operational processes indepth. Changes in the way a business is carried out influence business performance analysis. We argue that this happens mainly in the areas of customers, employees, intangibles, operational processes and also finance. For CEE e-business companies, at their present stage of development, the most important area is customer analysis. We present and discuss a number of measures that can be used to evaluate these areas and draw attention to some differences between traditional and e-business companies.

International Business & Economics Research Journal (IBER), 2011

This paper is part of our on-going work in the field of business performance analysis in e-enviro... more This paper is part of our on-going work in the field of business performance analysis in e-environment. We put forward a framework that tries to link different aspects of performance analysis and to relate them to broader business environment on the one hand, and to the value of a company on the other. We illustrate the use of the proposed framework with a case study examining the Slovenian home-store company Merkur, which operates one of the best Slovenian on-line shops. The framework can also serve as a tool for an empirical analysis.

Total Quality Management & Business Excellence, 2016

The paper investigates the joint effects of using total quality management (TQM) and performance ... more The paper investigates the joint effects of using total quality management (TQM) and performance management systems (PMSs) on the importance managers place on five different performance perspectives. Our study extends the current knowledge on the simultaneous use of multiple managerial concepts. Contrary to other studies of TQM and PMSs, we take into account that their effects are not independent from the use of other managerial concepts. Controlling for contextual variables and the use of other managerial concepts, we test the effects of joint TQM-PMS use on crosssection data from a sample of 264 companies. We find that the joint use is associated with a decrease in the perceived importance of customer perspective. This implies that only the importance of the customer measures changes for managers because they use TQM and PMS. One possible explanation for this result is that TQM companies over-emphasise the customer perspective which is 'counterbalanced' if PMS is jointly used. For other perspectives (employee, operational, return, and financial), we find only weak evidence of interdependencies between TQM and PMSs.

Risk Management, 2016

This article explores if and how Enterprise Risk Management (ERM) influences market values of lar... more This article explores if and how Enterprise Risk Management (ERM) influences market values of large US non-financial companies in the period from 2003 to 2012. This is the first empirical study that brings evidence on the effect of ERM on the value of non-financial companies and that explores not only the market reaction to the ERM announcement, but also the investors' perception of long-term ERM usage. Our research shows evidence that ERM has a positive effect on the market value for a short period of time following the announcement of ERM implementation. After 2.67 years, the market premium for ERM companies fades away, so a company does not have a higher market value just because it has ERM. Our results indicate that ERM does not contribute to a company's market value in the long term.

International Business & Economics Research Journal (IBER), 2012

This paper aims to test the VAIC model in order to explore and recognize the relationship between... more This paper aims to test the VAIC model in order to explore and recognize the relationship between Intellectual Capital (IC) components and the financial performance of companies, with an ambition to establish whether IC investment efficiency indicators can serve as potential leading indicators of the future financial performance of companies. We test our hypotheses by using the VAIC model. The data set includes more than 12,000 Slovenian companies within a 14-year period (from 1995 to 2008). OLS regression and panel regression method are used as tools. Most of the research hypotheses have been confirmed, but the results are of limited practical use. In contrast to the primary test, our test conducted on the ranked data indicates a high degree of correspondence between the improvement in rank of a companys IC investment efficiency and the improvement in rank of its financial performance in the peer group. As IC value is a result of above-average financial performance, the IC investme...

Journal of Applied Business Research (JABR), 2010

Performance management literature has been advocating the balanced use of non-financial measures ... more Performance management literature has been advocating the balanced use of non-financial measures alongside traditional financial measures, possibly within integrated performance measurement systems, since the early 1990's. The purpose of this paper is to explore how contextual factors (such as company size, industry, and market position), business objectives and knowledge about contemporary management tools influence the decision to implement Balanced Scorecard or similar integrated performance management systems. We tested our research propositions regarding the influence of these factors by using survey data and a logistic regression model. The study is based on a survey conducted in 2008 on a sample of 323 Slovenian companies. The sample consists of large, medium, and small firms from different industrial sectors, including manufacturing and service. Overall, our results confirm contextual factors, such as company size and industry, and knowledge about management tools as most important determinants of integrated performance measurement systems usage. Although market position and business objectives also receive some support for their influence, the results are generally weaker and more ambiguous.

International Journal of Management & Information Systems (IJMIS), 2010

The prevailing literature and empirical studies on management of organizational performance stres... more The prevailing literature and empirical studies on management of organizational performance stress the increasing importance of non-financial performance measures and propose companies to implement some kind of integrated performance measurement system. The purpose of our study is to investigate the characteristics of performance measurement and management in large Slovenian companies, focusing also on the progress made in the 5-year period. The analysis is based on two surveys conducted in the spring 2003 and summer of 2008. We investigate what do companies understand by “successful performance”, what are the most and the least important performance measures for companies, and what performance measurement systems do companies use. By answering these questions we discuss the impact of our results on the future development and growth of firms. The research results show that large Slovenian companies consider “successful performance” mostly in terms of implementing the strategy, follo...

International Business & Economics Research Journal (IBER), 2011

After the initial few years that witnessed the birth and first steps of e-commerce applications, ... more After the initial few years that witnessed the birth and first steps of e-commerce applications, this paper presents the present state of e-commerce in Slovenia. The EU accession process has brought many changes and challenges for companies in candidate countries Slovenia being among them including the use of e-business technology. The vast majority of Slovenian companies have been increasingly recognizing the need to operate electronically. However, most companies are still at the beginning stage: e-business has not reached profoundly the operational processes. Nevertheless, some e-commerce businesses survived the tough initial years and proved to be successful.

Economic and Business Review, 2019

Journal of Applied Business Research (JABR), 2010

Performance management literature has been advocating the balanced use of non-financial measures ... more Performance management literature has been advocating the balanced use of non-financial measures alongside traditional financial measures, possibly within integrated performance measurement systems, since the early 1990's. The purpose of this paper is to explore how contextual factors (such as company size, industry, and market position), business objectives and knowledge about contemporary management tools influence the decision to implement Balanced Scorecard or similar integrated performance management systems. We tested our research propositions regarding the influence of these factors by using survey data and a logistic regression model. The study is based on a survey conducted in 2008 on a sample of 323 Slovenian companies. The sample consists of large, medium, and small firms from different industrial sectors, including manufacturing and service. Overall, our results confirm contextual factors, such as company size and industry, and knowledge about management tools as most important determinants of integrated performance measurement systems usage. Although market position and business objectives also receive some support for their influence, the results are generally weaker and more ambiguous.

International Journal of Management & Information Systems (IJMIS), 2010

The prevailing literature and empirical studies on management of organizational performance stres... more The prevailing literature and empirical studies on management of organizational performance stress the increasing importance of non-financial performance measures and propose companies to implement some kind of integrated performance measurement system. The purpose of our study is to investigate the characteristics of performance measurement and management in large Slovenian companies, focusing also on the progress made in the 5-year period. The analysis is based on two surveys conducted in the spring 2003 and summer of 2008. We investigate what do companies understand by “successful performance”, what are the most and the least important performance measures for companies, and what performance measurement systems do companies use. By answering these questions we discuss the impact of our results on the future development and growth of firms. The research results show that large Slovenian companies consider “successful performance” mostly in terms of implementing the strategy, follo...

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad

Economic and Business Review

EURASIAN JOURNAL OF SOCIAL SCIENCES, 2021

The positive impact of parenting programs on the health and wellbeing of individuals and their im... more The positive impact of parenting programs on the health and wellbeing of individuals and their immediate community has been confirmed in many studies. Often, and especially during the Covid-19 pandemics, prevention health programs are stalled due to other policy priorities. Costbenefit analysis (CBA) can be used for the economic evaluation of public health programs to support evidence-based health policies and allows the comparison of the monetized effects of programs across different societal domains. However, CBA requires a variety of data that are typically difficult to obtain. Using the Incredible Years (IY) parenting program case, we illustrate how CBA can be practically applied. For parenting programs, the positive effects arise exclusively in non-monetary form as benefits arising from avoiding adverse effects in society. We show how to monetize them by estimating the avoided costs of healthcare, educational, and other societal costs due to the program's implementation. At...

Technology Analysis & Strategic Management, 2021

Understanding charge collection and trapping mechanisms is crucial for using hexagonal boron nitr... more Understanding charge collection and trapping mechanisms is crucial for using hexagonal boron nitride (h-BN) as active layers for many photonic and electronic devices such as deep UV detectors and emitters, neutron detectors, and single photon emitters. Charge collection and trapping mechanisms in h-BN epilayers have been investigated by probing impurity related optical emissions under an applied electrical field. Our results suggested that the existence of oxygen impurities affects the charge collection efficiency and results in an additional emission peak at 3.75 eV, corresponding to a donor-acceptor pair (DAP) recombination involving O N (oxygen residing on the nitrogen site) donors and the V B-H (boron vacancy bonded with hydrogen complex) deep level acceptors. Experimental results further revealed that the applied electric field induces an anti-correlation between the emission intensity of the DAP transition and the charge collection efficiency from which it was shown that it is possible to find an expression to quantitatively measure the maximum charge collection efficiency in h-BN. The results introduce not only a coherent picture for the relationship between common impurities in h-BN and charge collection and trapping mechanisms but also useful insights into possible approaches to improve the quality, purity, and charge collection of the h-BN epilayers.

Performance Measurement and Management Control: The Relevance of Performance Measurement and Management Control Research, 2018

Our study investigates the relationships between risk management systems (RMS), strategy and orga... more Our study investigates the relationships between risk management systems (RMS), strategy and organizational performance. The existing research has extensively studied the effect of strategy on organizational performance. There is also a growing body of literature suggesting that RMS positively influence the achievement of organizational objectives. However, there are only a few conceptual papers (and no empirical evidence) on the relationship between strategy and RMS. We investigate whether different strategy types (defender, analyzer, prospector, and reactor) induce different levels of RMS development and, hence, affect performance indirectly, as well as directly. We use regression analysis and survey data to test the proposed relationships. Our results confirm the direct effects of strategy type and RMS development on performance. We confirm that prospectors perform better than defenders, analyzers, and reactors across five measures of performance (profitability, sales growth, market share, new product development, and customer satisfaction). We also find that companies with more developed RMS perform better in terms of non-financial performance (measured by new product development). Contrary to the prevailing evidence, we do not find significant results for financial performance. Moreover, our findings show that there is no mediating effect of RMS development in the relationship between strategy type and performance. This implies that RMS and strategy act as independent variables, each individually affecting organizational performance.

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad, 2019

A calculative culture (CC) conveys the way managers use analytical models and numbers for decisio... more A calculative culture (CC) conveys the way managers use analytical models and numbers for decision-making. We investigate whether this concept holds the potential to become a contextual variable in research on Management Control Systems (MCS) because CC arguably relates to the design and use of MCS, and to organisational performance. Using a mixed methods approach (literature review, interviews, a cross-sectional survey, confirmatory factor analysis-CFA), we develop and validate an instrument for measuring CC as a group-level variable. We find CC has two dimensions: (1) analytical enthusiasm (enthusiasm for advanced analytical methods); and (2) numerical pragmatism (pragmatism in number interpretation). We characterise four types of CC found in top management teams: (1) smart enthusiasts; (2) extreme sceptics; (3) irrational sceptics; and (4) extreme enthusiasts. Finally, we empirically confirm that CC acts independently alongside other contextual variables, such as size, age, industry, ownership structure, strategy type, (geographic) market orientation, perceived organisational performance relative to competitors, and business environment uncertainty. This shows CC may be employed as an additional contextual variable in future studies on MCS design and use. CULTURA CALCULADORA EN SISTEMAS DE CONTROL DE GESTIÓN: DESARROLLO DE ESCALA Y TIPOLOGÍA. RESUMEN Una cultura calculadora (CC) transmite la forma en que los gerentes utilizan modelos analíticos y cifras para la toma de decisiones. Investigamos si este concepto tiene el potencial de convertirse en una variable contextual en la investigación de los sistemas de control de gestión (SCG) dado que es posible que CC esté relacionada con el diseño y uso de SCG y con el rendimiento organizacional. Mediante el uso de distintos métodos (revisión de la literatura, entrevistas, encuesta transversal, análisis factorial confirmatorio), desarrollamos y validamos un instrumento para la medición de CC como una variable a nivel de grupo. Encontramos que CC tiene dos dimensiones: (1) entusiasmo analítico (entusiasmo por métodos analíticos avanzados); y (2) el pragmatismo numérico (pragmatismo en la interpretación de las cifras). Caracterizamos cuatro tipos de CC que se encuentran en los ARTICLE HISTORY

E+M Ekonomie a Management, 2018

Enterprise risk management (ERM) programs are advocated as the solution for the failures and weak... more Enterprise risk management (ERM) programs are advocated as the solution for the failures and weaknesses of the traditional silo-based risk management in creating and protecting stakeholders' value. ERM encompasses activities and strategies which enable the company to systematically identify, measure, reduce or exploit, as well as to control and monitor the exposure to various types of corporate risks-strategic, fi nancial, operational, reporting as well as compliance risks. By considering the interactive effects of different risk events, ERM offers a balance between the dual nature of risk-ensuring effective protection from threats and seizing the opportunities. This paper explores the association between ERM and a set of fundamental value determinants of S&P 500 non-fi nancial companies over the period from 2003 to 2012. Contrary to arguments found in the existing ERM literature, ERM companies did not experience a positive effect on most of the value drivers. We fi nd that ERM is associated with lower expected growth rates within one to two years after the ERM adoption, indicating that ERM could even have a negative effect on the company's fundamental value. On the other hand, the study showed that ERM is associated with higher free cash fl ows after six years of its use. Our research thus found indicative evidence that ERM produces some positive effects over a longer term, as well as some negative immediate effects, which could be explained with the increased risk aversion of ERM companies. However, since the tested models are explorative in nature, more theoretical and empirical research is needed to establish how ERM really works within a company.

Journal of Business & Economics Research (JBER), 2011

Even though Internet usage in CEE population is increasing, it is below European average. The maj... more Even though Internet usage in CEE population is increasing, it is below European average. The majority of companies are recognizing the need to do business electronically. However, most companies are currently still at the beginning stages: e-business does not reach operational processes indepth. Changes in the way a business is carried out influence business performance analysis. We argue that this happens mainly in the areas of customers, employees, intangibles, operational processes and also finance. For CEE e-business companies, at their present stage of development, the most important area is customer analysis. We present and discuss a number of measures that can be used to evaluate these areas and draw attention to some differences between traditional and e-business companies.

International Business & Economics Research Journal (IBER), 2011

This paper is part of our on-going work in the field of business performance analysis in e-enviro... more This paper is part of our on-going work in the field of business performance analysis in e-environment. We put forward a framework that tries to link different aspects of performance analysis and to relate them to broader business environment on the one hand, and to the value of a company on the other. We illustrate the use of the proposed framework with a case study examining the Slovenian home-store company Merkur, which operates one of the best Slovenian on-line shops. The framework can also serve as a tool for an empirical analysis.

Total Quality Management & Business Excellence, 2016

The paper investigates the joint effects of using total quality management (TQM) and performance ... more The paper investigates the joint effects of using total quality management (TQM) and performance management systems (PMSs) on the importance managers place on five different performance perspectives. Our study extends the current knowledge on the simultaneous use of multiple managerial concepts. Contrary to other studies of TQM and PMSs, we take into account that their effects are not independent from the use of other managerial concepts. Controlling for contextual variables and the use of other managerial concepts, we test the effects of joint TQM-PMS use on crosssection data from a sample of 264 companies. We find that the joint use is associated with a decrease in the perceived importance of customer perspective. This implies that only the importance of the customer measures changes for managers because they use TQM and PMS. One possible explanation for this result is that TQM companies over-emphasise the customer perspective which is 'counterbalanced' if PMS is jointly used. For other perspectives (employee, operational, return, and financial), we find only weak evidence of interdependencies between TQM and PMSs.

Risk Management, 2016

This article explores if and how Enterprise Risk Management (ERM) influences market values of lar... more This article explores if and how Enterprise Risk Management (ERM) influences market values of large US non-financial companies in the period from 2003 to 2012. This is the first empirical study that brings evidence on the effect of ERM on the value of non-financial companies and that explores not only the market reaction to the ERM announcement, but also the investors' perception of long-term ERM usage. Our research shows evidence that ERM has a positive effect on the market value for a short period of time following the announcement of ERM implementation. After 2.67 years, the market premium for ERM companies fades away, so a company does not have a higher market value just because it has ERM. Our results indicate that ERM does not contribute to a company's market value in the long term.

International Business & Economics Research Journal (IBER), 2012

This paper aims to test the VAIC model in order to explore and recognize the relationship between... more This paper aims to test the VAIC model in order to explore and recognize the relationship between Intellectual Capital (IC) components and the financial performance of companies, with an ambition to establish whether IC investment efficiency indicators can serve as potential leading indicators of the future financial performance of companies. We test our hypotheses by using the VAIC model. The data set includes more than 12,000 Slovenian companies within a 14-year period (from 1995 to 2008). OLS regression and panel regression method are used as tools. Most of the research hypotheses have been confirmed, but the results are of limited practical use. In contrast to the primary test, our test conducted on the ranked data indicates a high degree of correspondence between the improvement in rank of a companys IC investment efficiency and the improvement in rank of its financial performance in the peer group. As IC value is a result of above-average financial performance, the IC investme...

Journal of Applied Business Research (JABR), 2010

Performance management literature has been advocating the balanced use of non-financial measures ... more Performance management literature has been advocating the balanced use of non-financial measures alongside traditional financial measures, possibly within integrated performance measurement systems, since the early 1990's. The purpose of this paper is to explore how contextual factors (such as company size, industry, and market position), business objectives and knowledge about contemporary management tools influence the decision to implement Balanced Scorecard or similar integrated performance management systems. We tested our research propositions regarding the influence of these factors by using survey data and a logistic regression model. The study is based on a survey conducted in 2008 on a sample of 323 Slovenian companies. The sample consists of large, medium, and small firms from different industrial sectors, including manufacturing and service. Overall, our results confirm contextual factors, such as company size and industry, and knowledge about management tools as most important determinants of integrated performance measurement systems usage. Although market position and business objectives also receive some support for their influence, the results are generally weaker and more ambiguous.

International Journal of Management & Information Systems (IJMIS), 2010

The prevailing literature and empirical studies on management of organizational performance stres... more The prevailing literature and empirical studies on management of organizational performance stress the increasing importance of non-financial performance measures and propose companies to implement some kind of integrated performance measurement system. The purpose of our study is to investigate the characteristics of performance measurement and management in large Slovenian companies, focusing also on the progress made in the 5-year period. The analysis is based on two surveys conducted in the spring 2003 and summer of 2008. We investigate what do companies understand by “successful performance”, what are the most and the least important performance measures for companies, and what performance measurement systems do companies use. By answering these questions we discuss the impact of our results on the future development and growth of firms. The research results show that large Slovenian companies consider “successful performance” mostly in terms of implementing the strategy, follo...

International Business & Economics Research Journal (IBER), 2011

After the initial few years that witnessed the birth and first steps of e-commerce applications, ... more After the initial few years that witnessed the birth and first steps of e-commerce applications, this paper presents the present state of e-commerce in Slovenia. The EU accession process has brought many changes and challenges for companies in candidate countries Slovenia being among them including the use of e-business technology. The vast majority of Slovenian companies have been increasingly recognizing the need to operate electronically. However, most companies are still at the beginning stage: e-business has not reached profoundly the operational processes. Nevertheless, some e-commerce businesses survived the tough initial years and proved to be successful.

Economic and Business Review, 2019

Journal of Applied Business Research (JABR), 2010

Performance management literature has been advocating the balanced use of non-financial measures ... more Performance management literature has been advocating the balanced use of non-financial measures alongside traditional financial measures, possibly within integrated performance measurement systems, since the early 1990's. The purpose of this paper is to explore how contextual factors (such as company size, industry, and market position), business objectives and knowledge about contemporary management tools influence the decision to implement Balanced Scorecard or similar integrated performance management systems. We tested our research propositions regarding the influence of these factors by using survey data and a logistic regression model. The study is based on a survey conducted in 2008 on a sample of 323 Slovenian companies. The sample consists of large, medium, and small firms from different industrial sectors, including manufacturing and service. Overall, our results confirm contextual factors, such as company size and industry, and knowledge about management tools as most important determinants of integrated performance measurement systems usage. Although market position and business objectives also receive some support for their influence, the results are generally weaker and more ambiguous.

International Journal of Management & Information Systems (IJMIS), 2010

The prevailing literature and empirical studies on management of organizational performance stres... more The prevailing literature and empirical studies on management of organizational performance stress the increasing importance of non-financial performance measures and propose companies to implement some kind of integrated performance measurement system. The purpose of our study is to investigate the characteristics of performance measurement and management in large Slovenian companies, focusing also on the progress made in the 5-year period. The analysis is based on two surveys conducted in the spring 2003 and summer of 2008. We investigate what do companies understand by “successful performance”, what are the most and the least important performance measures for companies, and what performance measurement systems do companies use. By answering these questions we discuss the impact of our results on the future development and growth of firms. The research results show that large Slovenian companies consider “successful performance” mostly in terms of implementing the strategy, follo...

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad

Economic and Business Review