Dissertation on strategic practices in financial management
[Image:Kolehmainen_Katja.jpg]The elements increase the importance of management accounting from the standpoint of strategic decision-making and control. In practice, this is seen, e.g., as widening of the evaluation of investment projects or individual performance to include also factors that are hard to measure and strategically important.
These issues are explained in the dissertation research of Katja Kolehmainen, MSc (Econ.). In her doctoral thesis, Kolehmainen extensively examined strategic management accounting practices. The focus of her study included practices connected with strategic investment decisions as well as practices related to the measurement of individuals' strategic performance. The empirical material of the thesis consisted of a case study conducted in two leading global companies and of more extensive case material collected from US, British and Japanese companies.
Practice can differ from theory
Kolehmainen's dissertation research shows that the practices of management accounting can considerably differ from descriptions presented in study books on accounting. Heads of businesses can, for example, make significant compromises in regard of economic objectives they have set for investment projects or even manipulate accounts to get strategically important investment decisions approved.
A more strategic role may require a change in the practices. To implement strategic performance measurement dynamically may require practices that significantly differ from typical performance measurement practices. Among these differences might be, for example, elevation of individual-level strategic performance measurement into a central system in the implementation of the strategy and emphasis on qualitative measurements describing desired activities in the evaluation of individual performance.
Public examination of the thesis
The public examination of MSc (Econ.) Katja Kolehmainen's doctoral thesis in the field of accounting titled On the Interface between Strategy and Management Accounting: Four Essays will begin at 12.15 pm on Friday 20th of April 2012 at the Aalto University School of Economics (Chydenia, Stora Enso hall, 3rd floor, Runeberginkatu 22-24).
Professor Josep Bisbe (ESADE - Universitat Ramon Llull) will act as the opponent and Professor Teemu Malmi as the custos.
Representatives of the media can inquire after free copies from the Communications unit of the School of Economics, viestinta-econ(at)aalto.fi or tel. +358 (0)50 566 5673. The dissertation can be ordered by email from toolo(at)ayy.fi
Additional information: Katja Kolehmainen (katja.kolehmainen(at)aalto.fi), tel. +358 (0)9 470 38488.