Drivers of Performance Measurement Use: Empirical Evidence from Serbia

  • Miloš Milosavljević University of Belgrade, Faculty of Organizational Sciences
  • Nemanja Milanović University of Belgrade, Faculty of Organizational Sciences
  • Slađana Benković University of Belgrade, Faculty of Organizational Sciences

Abstract

In the last decades, the interest of academics and practitioners for the efficiency of performance measurement system use has grown rapidly. The aim of this paper is to examine, articulate and test the relationship between maturity of performance measurement systems, strategic compliance of performance measurement and managerial orientation, on one side, and the portfolio of performance measurement uses, on the other. Data were collected from 86 Serbian companies. The results indicate that the most influential factor for diversified use of performance measurement is the maturity of the system. The paper also discusses theoretical contributions, implications for managers and scholars, and recommendations for decision-makers.

Author Biographies

Miloš Milosavljević, University of Belgrade, Faculty of Organizational Sciences

Ph.D. Miloš Milosavljević is an assistant professor at the University of Belgrade, Faculty of Organizational Sciences. He teaches Financial Management and Management Accounting. He has participated in numerous consulting projects in the field of financial management and controlling. Mr Milosavljević authored or coauthored more than 50 articles and conference papers, text books and international monographs.

Nemanja Milanović, University of Belgrade, Faculty of Organizational Sciences

MSc. Nemanja Milanović is currently employed as a teaching assistant at the University of Belgrade, Faculty of Organizational Sciences, Department of Financial Management and Accounting. His main fields of research interests are financial management, management accounting and startup funding models. He gained international professional experience through a number of international studies and professional exchanges and research projects.He is a member of the European Finance Association and Youth Committee of the National Petroleum Committee of Serbia - World Petroleum Council.

Slađana Benković, University of Belgrade, Faculty of Organizational Sciences

Ph.D. Slađana Benković is a full professor at the Faculty of Organizational Sciences in Belgrade since 2014. She has participated in numerous projects. During 2007/2009 she spent a period of time at the George Washington University, Washington D.C. as a research fellow. She is President of the Management Board of the “Endowment of Milivoje Jovanović and Luka Ćelović”, as well as a member of the Management Board of the “Endowment of oko Vlajković”. Her teaching and research fields are financial management with a research focus on project finance, modalities of financing development projects of companies, technical evaluation of investment profitability and determination of corporate capital structure. She is a member of the European Finance Association and author or coauthor of more than 100 articles and conference papers, text books and international monographs.

Published
2016-05-20
How to Cite
Milosavljević, M., Milanović, N., & Benković, S. (2016). Drivers of Performance Measurement Use: Empirical Evidence from Serbia. Management:Journal Of Sustainable Business And Management Solutions In Emerging Economies, 21(78), 33-43. Retrieved from http://management.fon.bg.ac.rs/index.php/mng/article/view/44/36
Section
Articles