企业可持续发展的成本控制外文文献翻译1.docx

1、文献信息：文献标题：Cost control for business sustainability 国外作者：Cornel Gabriel Nia, Petru tefeaa 文献出处：Procedia - Social and Behavioral Sciences 发表日期：2014 年 5 月字数统计：英文 2167 单词，12692 字符；中文 3589 汉字原文网址：外文文献：Cost control for business sustainabilityAbstractA good reputation regarding social and environmental res

2、ponsibility has benefits such as attracting and retaining high- quality employees, reducing environmental incidents and improving employee safety. Health improves productivity and lowers operating costs, enhancing the employees image with customers and with socially-conscious investors with direct i

3、mplication on market value and incomes (Atkinson, Kaplan, Matsumura, Young, 2012, pp: 33). As a result, cost accounting and cost control literature increasingly discusses and debates upon business sustainability.The value contribution of this paper comes from a critical review of cost control functi

4、ons, showing the need and opportunity to step up as a business sustainability tool. Also, the paper is describing the link between cost control and business sustainability.The article stops at the conceptual level. Describing a successful tool for business sustainability, it needs an empirical resea

5、rch in order to identify all of its systemic aspects. Also, this paper is opening up a field of empirical research in management.Keywords:Cost control, performance, value creation, business sustainability1.IntroductionSustainability is gaining increasing public attention and attracting greater debat

6、e. Also, during the last decade, and especially in the last few years, company stakeholders expectations are including more and more social and environmental aspects, while the primary company target remains financial performance, which is increasingly affected by social and environmental performanc

7、e. A number of studies have been carried on in this direction, measuring the impact of business sustainability over financial performances (Eccles, loannou,& Serafeim, 2012; Lee, Pati, & Roh, 2011).A good reputation regarding social and environmental responsibility has many benefits, suchas attracti

8、ng andretaininghigh-qualityemployees,reducing environmental incidents and improving employee safety and health, improving productivity and lowering operating costs, enhancing a companys image for its customers and its socially conscious investors, with direct implication on market value and incomes

9、(Atkinson, Kaplan, Matsumura, Young, 2012, pp: 33). As a result, cost accounting and cost control literature is increasingly incorporating business sustainability within its content.Sustainability in terms of business is a business strategy that drives long-term corporate growth and profitability by

10、 mandating the inclusion of environmental and social issues in the business model (Berns, Townend, Khayat, Balagopal, Reeves, Hopkins et al., 2009). Business sustainability performance should not take away from the financial one. They should go along together, because business sustainability does no

11、t necessarily mean more costs, or less income. Rather, it means that, in addition to setting certain financial goals to be reached, companies should set social and environmental ones as well. However, there are situationswherebusiness sustainability and financial performance interfere with each othe

12、r, in which case a company has to choose between a non-sustainable process or resource, and an ineffective one.Business sustainability can be reached by integrating social and environmental goals to an existing business strategy. In addition, we maintain that some specifictools are indispensable to

13、achieving business sustainability.The main objective of this research is to reveal, at a conceptual level, the link between cost control and business sustainability, and also, to show how the tool of cost control can be used for business sustainability through the alignment of company and community

14、goals.2. Cost control particularitiesThe main function of cost control is to identify and explain variances in terms of costs and revenues. Horngren (Horngren, Datar, Rajan, 2011) created this diagnostic control system with the purpose of measuring whether and how well a company is performing compar

15、ed to its expectations. However, cost control has more functions than this. Existing literature describes a series of particularities of cost control (Atkinson, Kaplan, Matsumura, Young, 2012; Horngren, Datar, Rajan, 2011), such as employee motivation and goal congruence, respectively strategy evalu

16、ation.2.1. Waste reductionWe use the term waste reduction referring to the decrease in unnecessary consumption and to the improvement in efficiency of the business processes. As it was shown earlier, the main function of cost control is to identify and explain variances in terms of costs and revenues, with the goal of maintaining