This paper tests Speklé’s (2001, 2003) transaction cost economics based approach to management control system choices in the hierarchal organisational context. To examine this particular context, we have chosen the setting of head office control of wholly owned foreign subsidiaries. The two...

This paper examines the implications of factors relevant to the ongoing viability of wholly owned foreign subsidiary operations on the management control choices exercised by multinational corporation headquarters. We focus on two areas important for wholly owned foreign subsidiary viability,...