Section I: Management Accounting Chapter 1: The Strategic Role of Management Accounting Chapter 2... more Section I: Management Accounting Chapter 1: The Strategic Role of Management Accounting Chapter 2: Planning and Decision-Making Under Risk Chapter 3: Management Control Chapter 4: Cost Information for Decision-Making and Control Section 2: Profitability Analysis Chapter 5: Budgeting and Beyond Chapter 6: Financial Modelling Chapter 7: Cost Analysis and Estimation Chapter 8: Investment Analysis Section 3: Management Control Systems Chapter 9: Management and Operational Performance Chapter 10: Transfer Pricing in Decentralized Organizations Chapter 11: Integrated Financial and Non-Financial Measures Chapter 12: Inter-organizational Control
... Ter Bogt, H., Budding, T., Groot, T. and Van Helden, J. (2010), CURRENT NPM RESEARCH ... The ... more ... Ter Bogt, H., Budding, T., Groot, T. and Van Helden, J. (2010), CURRENT NPM RESEARCH ... The contribution of Pilcher and Van der Zahn is a documentary study and relates to ... Historical Development, Current Issues, and Controversies', in J.Guthrie, C.Humphrey, LRJones and ...
This paper examines firms ’ design of performance measurement systems to support the effective im... more This paper examines firms ’ design of performance measurement systems to support the effective implementation of business strategy, and tests whether different strategic choices are associated with the use of different performance measures. Performance measurement choices analyzed are the extensiveness, purposes and types of performance measures used. In addition, the use of alternative controls, action controls and problem solving teams, is examined. To explain these management control choices, the structural model developed also includes other important contingency variables that are associated with business strategy, including firm competencies, technology and environmental uncertainty. An analysis of 387 survey responses from a cross-section of industries suggests the existence of three broad types of business strategy, relating to innovation, customer-quality and low-cost. The findings suggest that emphasis on different strategies is associated differently with firms ’ competen...
This study focuses on the experiences of ABC-users and non-ABC users within the food and beverage... more This study focuses on the experiences of ABC-users and non-ABC users within the food and beverage industry in the Netherlands and in the US. Unlike other surveys we choosed to study a specific sector, expecting to find more similarities between companies in terms of market and technological aspects. Both aspects give reason to expect that product costing is increasingly important. The food and beverage market is strongly competitive: large retail organizations stimulate price competition and frequent on time delivery, while consumers demand a larger array of differentiated products. Production technology provides food producers the means to offer a wider array of products and packing alternatives. This in turn leads to more complex production and distribution systems. Complexity of production and logistic systems, combined with a large number of differentiated products are considered suitable situations for the application of Activity-Based Costing. A US survey of 96 food producing ...
Understanding fiscal health, also commonly referred to as financial condition, is key to sound de... more Understanding fiscal health, also commonly referred to as financial condition, is key to sound decision making and the proper functioning of local government. Nonetheless there is no agreed upon way to measure fiscal health. We argue that the use of a conceptual framework is essential in furthering our understanding of measuring and assessing local government fiscal health. In this study we offer a framework and a set of financial accounting indicators visualizing fiscal health on the short and long term, taking into account the existing liabilities and local government obligations towards its constituents. The study draws on the theoretical and empirical analysis of corporate bankruptcy prediction models and local government fiscal distress models. We develop a possible comprehensive set of fiscal health indicators and compare it with existing empirical studies of local government fiscal health. The model captures current performance in four solvency dimensions (cash, budget, servi...
Maandblad voor Accountancy en Bedrijfseconomie, 2021
Understanding fiscal health, also commonly referred to as financial condition, is key to sound de... more Understanding fiscal health, also commonly referred to as financial condition, is key to sound decision making and the proper functioning of local government. Nonetheless there is no agreed upon way to measure fiscal health. We argue that the use of a conceptual framework is essential in furthering our understanding of measuring and assessing local government fiscal health. In this study we offer a framework and a set of financial accounting indicators visualizing fiscal health on the short and long term, taking into account the existing liabilities and local government obligations towards its constituents. The study draws on the theoretical and empirical analysis of corporate bankruptcy prediction models and local government fiscal distress models. We develop a possible comprehensive set of fiscal health indicators and compare it with existing empirical studies of local government fiscal health. The model captures current performance in four solvency dimensions (cash, budget, servi...
In de Nederlandse publieke sector zijn sinds de jaren tachtig van de vorige eeuw diverse manageme... more In de Nederlandse publieke sector zijn sinds de jaren tachtig van de vorige eeuw diverse managementhervormingen zichtbaar ie passen in de internationale New Public Management (NPM) trend. In dit artikel worden deze ontwikkelingen beschreven en de resultaten gepresenteerd van een onderzoek onder professionals. We tonen aan dat NPMhervormingen niet meer zijn weg te denken. Tegelijkertijd worden deze in de onderscheiden onderdelen van de non-profit sector op verschillende manieren ingevoerd. Bij de invoering ervaart men diverse dilemma’s, zoals tussen ondernemerschap en het afl eggen van verantwoording. De hier onderzochte praktijkervaringen geven tevens de indruk dat NPM in zijn algemeenheid de effi ciency en effectiviteit enigszins heeft verbeterd.
In 2005 is het zorgstelsel ingijpend veranderd: men kreeg de beschikking over productie-informati... more In 2005 is het zorgstelsel ingijpend veranderd: men kreeg de beschikking over productie-informatie in de vorm van Diagnose-Behandel-Combinaties (DBC's), de zorgverzekeringswet werd vernieuwd waardoor verzekerden meer vrijheid van keuze kregen en er werd een begin gemaakt met het stelsel van gereguleerde marktwerking. In de jaren sinds 2005 zijn er verbeteringen in het stelsel aangebracht en hebben de marktpartijen in de zorg vooral ervaring opgedaan. In dit themanummer evalueren we de introductie van gereguleerde marktwerking, krijgen we een beeld van de ervaringen tot nu toe en kijken we vooruit naar toekomstige veranderingen in het financieel management van ziekenhuizen. Dit artikel introduceert het thema en geeft een overzicht van de verschillende artikelen.
Er zijn beroepen waar je met recht trots op kunt zijn. Neem bijvoorbeeld beroepen in de civiele t... more Er zijn beroepen waar je met recht trots op kunt zijn. Neem bijvoorbeeld beroepen in de civiele techniek en de bouw. Grote infrastructurele projecten zoals de Deltawerken, de Erasmusbrug en derde Maasvlakte dwingen alom respect af. Ook prestaties in de creatieve sfeer, zoals in de muziek, reclame, productontwerp (“Dutch design”) oogsten lof tot ver buiten de landsgrenzen. Deze maatschappelijke waardering straalt niet alleen af op de individuen die de prestaties leveren, maar ook op de beroepen die zij beoefenen. Dit ligt anders bij accounting: er zijn weinig prestaties die tot de verbeelding spreken, er zijn weinig accounting professionals die bij het grote publiek bekend zijn en de algemene maatschappelijke waardering voor accounting is niet al te hoog. Sterker nog, veel van de publiciteit over accounting is gericht op wat er niet goed gaat. Creatief boekhouden bij Ahold, onvoldoende inzicht bij Imtech en Amarantis, tekortschietende accountants bij tal van bedrijven in de profit- e...
This study analyses the effect of spatial concentration of general hospitals, the appearance of i... more This study analyses the effect of spatial concentration of general hospitals, the appearance of independent treatment centers (in Dutch: Zelfstandige Behandelcentra: ZBCs) and the concentration of health insurers on production volume and costs since the introduction of market-oriented health care reforms in the Netherlands. We use regression analyses of 1,345,144 patient-level hospital data for fifteen major diagnosis treatment combinations (in Dutch: Diagnose Behandeling Combinaties: DBCs), representing 70% of the managed competition segment (the so-called B-segment). We find that spatial concentration of hospitals and concentration of insurers do not affect health care production volume. More competitive hospital markets are associated with higher cost of most DBCs studied. Surprisingly, hospitals operating under insurers with high monopsonic power incur higher average DBC-cost than hospitals operating under insurers with more dispersed power. The number of independent treatment c...
In order to provide tailor-made care, governments are considering the implementation of output-pr... more In order to provide tailor-made care, governments are considering the implementation of output-pricing based on hospital case-mix measures, such as diagnosis related groups (DRG). The question is whether the current DRG classification system can provide a satisfactory prediction of the variance of costs in stroke patients and if not, in what way other variables may enhance this prediction. In this study, data from 731 stroke patients hospitalized at University Hospital Maastricht during 1996-1998 are used in the cost analysis. The DRG classification for this group uses information--in addition to the DRG classification operation or no operation--on the patient's age combined with discharge status. The results of regression analysis show that using DRGs, the variance explained in the costs amounts to 34%. Adding other variables to the DRGs, the variance explained increases to about 61%. Additional factors highly correlating with inpatient costs are the level of functioning after stroke, comorbidity, complications, and 'days of stay for non-medical reasons'. Costs decreased for stroke patients discharged during the latter part of the years studied, and if stroke patients happened to die during their hospital stay. The results do suggest that future implementation of output-pricing based on the DRG case-mix measures is feasible for stroke patients only if it is enhanced with information on complications and the level of functioning.
This study focuses on the experiences of ABC users and non-ABC users within the food and beverage... more This study focuses on the experiences of ABC users and non-ABC users within the food and beverage industry in the Netherlands and in the US. Unlike other surveys we chose to study a specific sector, expecting to find more similarities between companies in terms of market and technological aspects. Both aspects give reason to expect that product costing is increasingly important. The food and beverage market is strongly competitive: large retail organizations stimulate price competition and frequent on time delivery, while consumers demand a larger array of differentiated products. Production technology provides food producers the means to offer a wider array of products and packing alternatives. This in turn leads to more complex production and distribution systems. Complexity of production and logistic systems, combined with a large number of differentiated products are considered suitable situations for the application of Activity-Based Costing. A US survey of 96 food producing companies and a Dutch survey of 117 food producing companies provide information on the use of ABC in the food sector, on the organizational and production related characteristics of ABC using food companies and on experiences with designing and implementing ABC systems. Given the specifics of the food sector, we try to draw some conclusions on the reasons behind successful or unsuccessful adoption of ABC. The availability of similar statistics from US and Dutch food companies also provides the opportunity to see if national circumstances have their influence on the acceptance of ABC, the process of ABC implementation and the use of ABC information.
Section I: Management Accounting Chapter 1: The Strategic Role of Management Accounting Chapter 2... more Section I: Management Accounting Chapter 1: The Strategic Role of Management Accounting Chapter 2: Planning and Decision-Making Under Risk Chapter 3: Management Control Chapter 4: Cost Information for Decision-Making and Control Section 2: Profitability Analysis Chapter 5: Budgeting and Beyond Chapter 6: Financial Modelling Chapter 7: Cost Analysis and Estimation Chapter 8: Investment Analysis Section 3: Management Control Systems Chapter 9: Management and Operational Performance Chapter 10: Transfer Pricing in Decentralized Organizations Chapter 11: Integrated Financial and Non-Financial Measures Chapter 12: Inter-organizational Control
... Ter Bogt, H., Budding, T., Groot, T. and Van Helden, J. (2010), CURRENT NPM RESEARCH ... The ... more ... Ter Bogt, H., Budding, T., Groot, T. and Van Helden, J. (2010), CURRENT NPM RESEARCH ... The contribution of Pilcher and Van der Zahn is a documentary study and relates to ... Historical Development, Current Issues, and Controversies', in J.Guthrie, C.Humphrey, LRJones and ...
This paper examines firms ’ design of performance measurement systems to support the effective im... more This paper examines firms ’ design of performance measurement systems to support the effective implementation of business strategy, and tests whether different strategic choices are associated with the use of different performance measures. Performance measurement choices analyzed are the extensiveness, purposes and types of performance measures used. In addition, the use of alternative controls, action controls and problem solving teams, is examined. To explain these management control choices, the structural model developed also includes other important contingency variables that are associated with business strategy, including firm competencies, technology and environmental uncertainty. An analysis of 387 survey responses from a cross-section of industries suggests the existence of three broad types of business strategy, relating to innovation, customer-quality and low-cost. The findings suggest that emphasis on different strategies is associated differently with firms ’ competen...
This study focuses on the experiences of ABC-users and non-ABC users within the food and beverage... more This study focuses on the experiences of ABC-users and non-ABC users within the food and beverage industry in the Netherlands and in the US. Unlike other surveys we choosed to study a specific sector, expecting to find more similarities between companies in terms of market and technological aspects. Both aspects give reason to expect that product costing is increasingly important. The food and beverage market is strongly competitive: large retail organizations stimulate price competition and frequent on time delivery, while consumers demand a larger array of differentiated products. Production technology provides food producers the means to offer a wider array of products and packing alternatives. This in turn leads to more complex production and distribution systems. Complexity of production and logistic systems, combined with a large number of differentiated products are considered suitable situations for the application of Activity-Based Costing. A US survey of 96 food producing ...
Understanding fiscal health, also commonly referred to as financial condition, is key to sound de... more Understanding fiscal health, also commonly referred to as financial condition, is key to sound decision making and the proper functioning of local government. Nonetheless there is no agreed upon way to measure fiscal health. We argue that the use of a conceptual framework is essential in furthering our understanding of measuring and assessing local government fiscal health. In this study we offer a framework and a set of financial accounting indicators visualizing fiscal health on the short and long term, taking into account the existing liabilities and local government obligations towards its constituents. The study draws on the theoretical and empirical analysis of corporate bankruptcy prediction models and local government fiscal distress models. We develop a possible comprehensive set of fiscal health indicators and compare it with existing empirical studies of local government fiscal health. The model captures current performance in four solvency dimensions (cash, budget, servi...
Maandblad voor Accountancy en Bedrijfseconomie, 2021
Understanding fiscal health, also commonly referred to as financial condition, is key to sound de... more Understanding fiscal health, also commonly referred to as financial condition, is key to sound decision making and the proper functioning of local government. Nonetheless there is no agreed upon way to measure fiscal health. We argue that the use of a conceptual framework is essential in furthering our understanding of measuring and assessing local government fiscal health. In this study we offer a framework and a set of financial accounting indicators visualizing fiscal health on the short and long term, taking into account the existing liabilities and local government obligations towards its constituents. The study draws on the theoretical and empirical analysis of corporate bankruptcy prediction models and local government fiscal distress models. We develop a possible comprehensive set of fiscal health indicators and compare it with existing empirical studies of local government fiscal health. The model captures current performance in four solvency dimensions (cash, budget, servi...
In de Nederlandse publieke sector zijn sinds de jaren tachtig van de vorige eeuw diverse manageme... more In de Nederlandse publieke sector zijn sinds de jaren tachtig van de vorige eeuw diverse managementhervormingen zichtbaar ie passen in de internationale New Public Management (NPM) trend. In dit artikel worden deze ontwikkelingen beschreven en de resultaten gepresenteerd van een onderzoek onder professionals. We tonen aan dat NPMhervormingen niet meer zijn weg te denken. Tegelijkertijd worden deze in de onderscheiden onderdelen van de non-profit sector op verschillende manieren ingevoerd. Bij de invoering ervaart men diverse dilemma’s, zoals tussen ondernemerschap en het afl eggen van verantwoording. De hier onderzochte praktijkervaringen geven tevens de indruk dat NPM in zijn algemeenheid de effi ciency en effectiviteit enigszins heeft verbeterd.
In 2005 is het zorgstelsel ingijpend veranderd: men kreeg de beschikking over productie-informati... more In 2005 is het zorgstelsel ingijpend veranderd: men kreeg de beschikking over productie-informatie in de vorm van Diagnose-Behandel-Combinaties (DBC's), de zorgverzekeringswet werd vernieuwd waardoor verzekerden meer vrijheid van keuze kregen en er werd een begin gemaakt met het stelsel van gereguleerde marktwerking. In de jaren sinds 2005 zijn er verbeteringen in het stelsel aangebracht en hebben de marktpartijen in de zorg vooral ervaring opgedaan. In dit themanummer evalueren we de introductie van gereguleerde marktwerking, krijgen we een beeld van de ervaringen tot nu toe en kijken we vooruit naar toekomstige veranderingen in het financieel management van ziekenhuizen. Dit artikel introduceert het thema en geeft een overzicht van de verschillende artikelen.
Er zijn beroepen waar je met recht trots op kunt zijn. Neem bijvoorbeeld beroepen in de civiele t... more Er zijn beroepen waar je met recht trots op kunt zijn. Neem bijvoorbeeld beroepen in de civiele techniek en de bouw. Grote infrastructurele projecten zoals de Deltawerken, de Erasmusbrug en derde Maasvlakte dwingen alom respect af. Ook prestaties in de creatieve sfeer, zoals in de muziek, reclame, productontwerp (“Dutch design”) oogsten lof tot ver buiten de landsgrenzen. Deze maatschappelijke waardering straalt niet alleen af op de individuen die de prestaties leveren, maar ook op de beroepen die zij beoefenen. Dit ligt anders bij accounting: er zijn weinig prestaties die tot de verbeelding spreken, er zijn weinig accounting professionals die bij het grote publiek bekend zijn en de algemene maatschappelijke waardering voor accounting is niet al te hoog. Sterker nog, veel van de publiciteit over accounting is gericht op wat er niet goed gaat. Creatief boekhouden bij Ahold, onvoldoende inzicht bij Imtech en Amarantis, tekortschietende accountants bij tal van bedrijven in de profit- e...
This study analyses the effect of spatial concentration of general hospitals, the appearance of i... more This study analyses the effect of spatial concentration of general hospitals, the appearance of independent treatment centers (in Dutch: Zelfstandige Behandelcentra: ZBCs) and the concentration of health insurers on production volume and costs since the introduction of market-oriented health care reforms in the Netherlands. We use regression analyses of 1,345,144 patient-level hospital data for fifteen major diagnosis treatment combinations (in Dutch: Diagnose Behandeling Combinaties: DBCs), representing 70% of the managed competition segment (the so-called B-segment). We find that spatial concentration of hospitals and concentration of insurers do not affect health care production volume. More competitive hospital markets are associated with higher cost of most DBCs studied. Surprisingly, hospitals operating under insurers with high monopsonic power incur higher average DBC-cost than hospitals operating under insurers with more dispersed power. The number of independent treatment c...
In order to provide tailor-made care, governments are considering the implementation of output-pr... more In order to provide tailor-made care, governments are considering the implementation of output-pricing based on hospital case-mix measures, such as diagnosis related groups (DRG). The question is whether the current DRG classification system can provide a satisfactory prediction of the variance of costs in stroke patients and if not, in what way other variables may enhance this prediction. In this study, data from 731 stroke patients hospitalized at University Hospital Maastricht during 1996-1998 are used in the cost analysis. The DRG classification for this group uses information--in addition to the DRG classification operation or no operation--on the patient's age combined with discharge status. The results of regression analysis show that using DRGs, the variance explained in the costs amounts to 34%. Adding other variables to the DRGs, the variance explained increases to about 61%. Additional factors highly correlating with inpatient costs are the level of functioning after stroke, comorbidity, complications, and 'days of stay for non-medical reasons'. Costs decreased for stroke patients discharged during the latter part of the years studied, and if stroke patients happened to die during their hospital stay. The results do suggest that future implementation of output-pricing based on the DRG case-mix measures is feasible for stroke patients only if it is enhanced with information on complications and the level of functioning.
This study focuses on the experiences of ABC users and non-ABC users within the food and beverage... more This study focuses on the experiences of ABC users and non-ABC users within the food and beverage industry in the Netherlands and in the US. Unlike other surveys we chose to study a specific sector, expecting to find more similarities between companies in terms of market and technological aspects. Both aspects give reason to expect that product costing is increasingly important. The food and beverage market is strongly competitive: large retail organizations stimulate price competition and frequent on time delivery, while consumers demand a larger array of differentiated products. Production technology provides food producers the means to offer a wider array of products and packing alternatives. This in turn leads to more complex production and distribution systems. Complexity of production and logistic systems, combined with a large number of differentiated products are considered suitable situations for the application of Activity-Based Costing. A US survey of 96 food producing companies and a Dutch survey of 117 food producing companies provide information on the use of ABC in the food sector, on the organizational and production related characteristics of ABC using food companies and on experiences with designing and implementing ABC systems. Given the specifics of the food sector, we try to draw some conclusions on the reasons behind successful or unsuccessful adoption of ABC. The availability of similar statistics from US and Dutch food companies also provides the opportunity to see if national circumstances have their influence on the acceptance of ABC, the process of ABC implementation and the use of ABC information.
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Papers by Tom Groot