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Controlling and Sustainability: Empirical Evidence from Europe


  • Alexandra Rausch Nidzara Osmanagiæ Bedenik Irene Fafaliou Davor Labas Malgorzata Porada-Rochon

    (Alpen-Adria-Universität Klagenfurt, Austria Faculty of Economics and Business, University of Zagreb, Croatia University of Piraeus, Piraeus, Greece Faculty of Economics and Business, University of Zagreb, Croatia Faculty of Management and Economics of Services, University of Szczecin, Poland)


This paper analyses the level of development of current controlling practice and sustainable development in four selected European countries, i.e. Austria, Croatia, Greece, and Poland. It specifi cally aims to increase the awareness for country-specifi c differences and to capture key factors and shortcomings that companies experience in controlling and sustainable business practice. We hypothesize that companies in more mature countries have a higher level of development in this respect than companies in less mature countries. To this end, we use a questionnaire and a sample of 146 companies. Contrary to our hypotheses we reveal that besides Austrian Croatian companies are more advanced in controlling and sustainability than Greek companies. Furthermore, instead of Austria Poland appears to form a country-cluster with Greece. Based on these fi ndings business executives and public offi cers should be able to cope with present shortcomings in a more appropriate way and to initiate improvements towards sustainability against country-specifi c backdrops. JEL Classification: L2

Suggested Citation

  • Alexandra Rausch Nidzara Osmanagiæ Bedenik Irene Fafaliou Davor Labas Malgorzata Porada-Rochon, 2013. "Controlling and Sustainability: Empirical Evidence from Europe," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 16(1), pages 37-63, May.
  • Handle: RePEc:zag:zirebs:v:16:y:2013:i:1:p:37-63

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    References listed on IDEAS

    1. Button, Kenneth & Taylor, Samantha, 2000. "International air transportation and economic development," Journal of Air Transport Management, Elsevier, vol. 6(4), pages 209-222.
    2. Forsyth, Peter & King, John & Lyn Rodolfo, Cherry, 2006. "Open Skies in ASEAN," Journal of Air Transport Management, Elsevier, vol. 12(3), pages 143-152.
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    More about this item


    Corporate sustainability; sustainable development; controlling practice; Europe; empirical survey.;

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior


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