THE EFFECT OF CONTINGENCY FACTORS ON MANAGEMENT CONTROL SYSTEMS: A STUDY OF MANUFACTURING COMPANIES IN CROATIA

Using the contingency approach as a theoretical framework, the goal of this article is to investigate various contingency factors that explain design of management control systems (MCS) from a Croatian perspective. It is necessary to conduct empirical research of MCS in Croatia to identify the structure of MCS, since such research has not been carried out and it is unknown degree of development of MCS as well as influential variables. Data were collected from 47 manufacturing companies in Croatia using a post questionnaire. The data demonstrates that type of MCS utilized by companies is associated with the business strategy, company size and type but not with the external environment