Avoiding continued investment in poorly performing projects is an important function of management control systems. However, prior research suggests that managers fail to use accounting information indicating that a project is performing poorly to discontinue it; that is, they escalate...

We experimentally examine whether audit seniors' use of simple cognitive processes for a complex task is affected by the strength of habits to use these processes that they developed as staff auditors. A habit is a mental association between a behavior and a specific context. We propose that,...

Avoiding continued investment in poorly performing projects is an important function of management control systems. However, prior research suggests that managers fail to use accounting information indicating that a project is performing poorly to discontinue it; that is, they escalate...