Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/338957 
Year of Publication: 
2025
Citation: 
[Journal:] Schmalenbach Journal of Business Research (SBUR) [ISSN:] 2366-6153 [Volume:] 77 [Issue:] 4 [Year:] 2025 [Pages:] 945-971
Publisher: 
Springer, Heidelberg
Abstract: 
Grounded in mindset theory and linked to the risk governance framework, this conceptual paper examines the evolution of management accountants' thinking and behavior. It introduces their role as "accountability partners," highlighting their advanced and essential supportive function within the organization. Germany's broad interpretation of the Business Judgment Rule builds the starting point, compelling executive management to implement a system for business decisions that guarantees a profound basis for strategic decision-making. Such a system needs a consistently accessible, adequate, and verifiable information base and must be able to handle all sorts of business risks. Our paper argues that management accountants play a crucial role in supporting executive management to maintain compliance in today's complex environment where regulatory frameworks, advanced reporting requirements, industry standards, and corporate codes of conduct pose significant challenges for executive managers.
Subjects: 
Accountability partner
Business Judgment Rule
Management accounting
Mindset
JEL: 
D91
G32
M41
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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