Management Accounting in the Third Millennium: Monetary and Non-Monetary Incentive Schemes

This book proposes an innovative review of the scientific state of the art in the field of management accounting with a focus on monetary and non-monetary incentive schemes. It explores the differences between monetary and non-monetary incentives. The effects of different incentive schemes on employees' intrinsic and extrinsic motivation and performance are presented. The book is relevant for research as well as practice. It contributes to the research field by setting new spaces by proposing a schematic approach to navigate different reward schemes and the combined effect on individuals' motivation and performance. On the practical side, the book provides an aggregated overview of the managerial best practices useful to practitioners. It highlights principal advantages and possible disadvantages of each incentive scheme by showing relevant practical results. The book represents an innovative attempt to reconcile a wide managerial topic covering multiple disciplines and providing practical and usable insights for practitioners and managers. See more