Stefan Linder
Associate Professor, Accounting and Management Control Department

Photo de Stefan Linder
Curriculum Vitae (pdf)
General Information Research Areas Publications Teaching Other Activities

Ph.D., Copenhagen Business School, Denmark

Doctorate, WHU-Otto Beishem School of Management, Germany 

Master en sciences éonomiques et commerciales (Dipl.-Kfm.), WHU-Otto Beischem School of Management, Germany 

Research Areas

- Strategic management control, including strategic planning and implementation, fostering of entrepreneurship within established firms, and management of strategic risks;

- Performance measurement and management, including incentive and governance design;

- Mid- and short term planning and control, including budgeting and better budgeting as well as capital expenditure control;

- Management control in the knowledge economy and given growing demands for Corporate Social Responsibility and Sustainability.

- use of vignette experiments (aka: factorial surveys) as a method for data collection

Academic Publications
  Microfoundations: Nature, Debate, and Promise. (with N. Foss). Cambridge (UK)  : Cambridge University Press, 2019
  Investitionskontrolle: Grundzüge einer verhaltensorientierten Theorie. Wiesbaden (Germany)  : Deutscher Universitäts Verlag, 2006
  Verhaltensorientiertes Controlling: Der Mensch im Mittelpunkt . (with J. Weber, B. Hirsch, E. Zayer). Weinheim (Germany)  : Wiley / WHU, 2004
  Budgeting, Better Budgeting oder Beyond Budgeting? Konzeptionelle Eignung und Implementierbarkeit . (with J. Weber). 2d edition. Weinheim (Germany)  : John Wiley & Sons, 2003

  "DESIGNING ETHICAL MANAGEMENT CONTROL: OVERCOMING THE HARMFUL EFFECT OF MANAGEMENT CONTROL SYSTEMS ON JOB-RELATED STRESS" (S. Linder, B. Leca, A. Zicari, V. Casarin), Journal of Business Ethics, Apr 2020, Vol. n/a, Issue n/a, p. n/a‑n/a
  "SOCIAL ENTREPRENEURSHIP RESEARCH: PAST ACHIEVEMENTS AND FUTURE PROMISES" (T. Saebi, N. Foss, S. Linder), Journal of Management, Jan 2019, Vol. 45, Issue 1, p. 79‑95
  "CEO Characteristics and Budgeting Practices in Emerging Market SMEs" (U. Zor, S. Linder, C. Endenich), Journal of Small Business Management, Oct 2018, Vol. 57, Issue 2, p. 658‑678
  "The Essential Elements of a Risk Governance Framework for Current and Future Nanotechnologies" (V. Stone, M. Poortvliet, P. Feindt, M. Führ, K. Purnhagen, JF. Damlencourt, J. Scott‑Fordsmand , M. Ågerstrand , S. Gabbert, S. Linder, K. Bizer, T. Andersen, D. Hristozov , G. Streftaris), Risk Analysis, Jul 2018, Vol. 38, Issue 7, p. 1321‑1331
  "Microfoundations of Organizational Goals: A Review And New Directions For Future Research" (S. Linder, N. Foss), International Journal of Management Reviews, Jan 2018, Vol. 20, Issue 1, p. 39‑62
  "Middle Managers' Engagement in Autonomous Strategic Actions: Does it Really Matter How Top Managers Use Budgets?" (S. Linder, S. Torp), IEEE Transactions on Engineering Management, Nov 2017, Vol. 64, Issue 4, p. 450‑463
  "Does Basel II affect the market valuation of discretionary loan loss provisions?" (M. Hamadi, A. Heinen, S. Linder, V. Porumb), Journal of Banking and Finance, Issue tba
  "Fostering strategic renewal: monetary incentives, merit-based promotions, and engagement in autonomous strategic action " (S. Linder), Journal of Management Control, Apr 2016, Vol. Volume 27, Issue 2, p.  251‑-280
  "Wise Choices: How Thoroughness of Opportunity Appraisal, Incentives, and Performance Evaluation Fit Together" (S. Linder, J. Lyngsie, N.  Foss, S. Zahra), IEEE Transactions on Engineering Management, Issue 4
  "Antecedents to Autonomous Strategic Action: What about Decline?" (S. Linder, J. Bothello), IEEE Transactions on Engineering Management, Issue 2 (ISSN: 0018-9391 )
  "Epistemics at Work: The Theory of Mind in Principal-Agent Relations" (S. Linder, N. Foss, D. Stea), Oxford Handbooks Online - Scholarly Research Reviews, Feb 2015, Vol. _, Issue 10.1093/oxfordhb/9780199935406.013.8, p. _‑_
  "Do Management Control Systems Foster or Hamper Middle Managers' Entrepreneurial Engagement?" (S. Linder, S. Torp), International Journal of Strategic Change Management, Apr 2014, Vol. 5, Issue 2, p. 107‑124
  "With a view to make things better: individual characteristics and intentions to engage in management innovation" (S. Linder, J. Kunz), Journal of Management & Governance, Nov 2013, Vol. Volume 19, Issue 3 , p. 525‑556
  "Subsitutiv oder komplementär? Zum Verhältnis der Investitionskontrolle zur Unternehmensorganisation und anderen Controllinginstrumenten" (S. Linder), Zeitschrift für Controlling, Nov 2012, Vol. 24, Issue 11, p. 633‑638
  "Organizational Control and Work Effort: Another Look at the Interplay of Rewards and Motivation" (J. Kunz, S. Linder), European Accounting Review, Issue 3
  "Das Controllability Prinzip" (J. Kunz, S. Linder), Wirtschaftswissenschaftliches, Feb 2011, Vol. 40, Issue 2 (Februar), p. 100‑102
  "Vignetten-Experiment" (J. Kunz, S. Linder), Zeitschrift für Planung und Unternehmenssteuerung, Jun 2010, Vol. 21, Issue 2
  "Influence of Management Control Systems on Knowledge Processes ? A Behavioral Perspective" (J. Kunz, S. Linder), International Journal of Strategic Change Management, Jan 2010, Vol. 2, Issue 1, p. 54‑72
  "Planungssysteme als Maßanfertigung statt ?One-size-fits-all?" (S. Linder, I. Rateike), Zeitschrift für Controlling & Management, Sep 2009, Vol. 53, Issue 04, p. 231‑236
  "CFO und Controllerorganisation: Aktuelle Herausforderungen und Implikationen" (S. Linder, S. Wolf), CFO aktuell, Aug 2008, p. 160‑164
  "Controlleraufgaben bei der Neugestaltung interner Servicebereiche" (S. Linder, S. Jung, A. Neumann‑Giesen), Controller Magazin, Jul 2007, Vol. 32, p. 333‑337
  "Key Performance Indicators: Instrumente zur Steuerung interner Dienstleistungen" (S. Linder, S. Jung, A. Neumann‑Giesen), CFO aktuell, Apr 2007, p. 66‑69
  "Possible dysfunctional effects of Post-Completion Audits" (S. Linder), Journal of Cost Management, Jan 2007, Vol. 21, p. 36‑41
  "Investitionskontrollen: Nutzenbeurteilung in Theorie versus Praxis" (S. Linder), Controlling, Feb 2006, Vol. 18, p. 85‑90
  "Problems Associated with Conducting Post-Completion Audits: A Review of the Research" (S. Linder), Corporate Finance Review, Jul 2005, Vol. 10, p. 10‑20
  "Investitionskontrollen als Instrument der Zielpräzisierung" (S. Linder), Investitionskontrollen als Instrument der Zielpräzisierung, Apr 2005, p. 79‑80
  "Budgeting, Better Budgeting or Beyond Budgeting: Which is best suited for coordinating activities at your organization?" (S. Linder, J. Weber), Journal of Cost Management, Mar 2005, Vol. 19, p. 20‑28
  "Better Budgeting und Beyond Budgeting erfolgreich implementieren" (S. Linder, J. Weber), Controlling, Dec 2004, Vol. 16, p. 677‑681
  "Neugestaltung der Budgetierung: Relative, benchmarkorientierte oder absolute, intern orientierte Ziele ?" (S. Linder, B. Hirsch, J. Weber), Zeitschrift für Planung und Unternehmenssteuerung, Sep 2004, Vol. 15, Issue 1, p. 57‑75
  "Wie (un)zuverlässig sind Investitionsplanungen? Ein Überblick über den Stand der empirischen Forschung zur Verbreitung von Fehlern und Verzerrungen in Investitionsplanungen " (S. Linder), Zeitschrift für Controlling & Management, Aug 2004, Vol. 48, Issue : special issue on capital expenditure management, p. 47‑57
  "(Better) Budgeting oder Beyond Budgeting? Eine Analyse aus koordinationstheoretischer Perspektive" (S. Linder, J. Weber), Controller Magazin, May 2004, Vol. 29, p. 224‑228
  "Herausforderungen der Implementierung von Better und Beyond Budgeting" (S. Linder, J. Weber), ControllerNews, Apr 2004, p. 67‑70
  "Beyond Budgeting bei Verbundeffekten?? " (S. Linder, D. Spillecke, J. Weber), Zeitschrift für Controlling & Management, Mar 2003, Vol. 47, Issue special issue on operative planning, p. 111‑120
  "Stand der Planung und Kontrolle betrieblicher Investitionen" (S. Linder, D. Spillecke, J. Weber), Kostenrechnungspraxis, Jun 2002, Vol. 46, Issue 5, p. 291‑297

  Autonomy and Leadership Support as Antecedents to Intrapreneurship: Value of Vignette Experiments for Research on Strategic Responsiveness. In: Strategic Responsiveness and Adaptive Organizations: New Research Frontiers in International Strategic Management. Bingley (UK) : Emerald, 2019, p. 41-59
  The Changing Nature of the Corporation and the Economic Theory of the Firm. In: Oxford Handbook of the Corporation (with N. Foss). Oxford (UK) : Oxford University Press, Charles R. T. O?Kelley, Justin O?Brien, and Thomas Clarke. 2017, p. nn-nn
  ORGANIZATIONS AND MARKETS. In: Oxford Handbook of Austrian Economics (with N. Foss, P. Klein). Oxford (UK) : Oxford University Press, Boettke, P., Coyne, C.. 2015, p. nn-nn
  UNDERSTANDING ORGANIZATIONAL ADVANTAGE: HOW THE THEORY OF MIND ADDS TO THE ATTENTION-BASED VIEW OF THE FIRM. In: Advances in Strategic Management (with D. Stea, N. Foss). n/a (n/a) : Emerald Group Publishing Limited, Giovanni Gavetti and William Ocasio. 2015, p. 279-301
  Agency Theory. In: International Encyclopedia of the Social & Behavioral Sciences (with N. Foss). New York and others (USA and The Netherlands) : Elsevier, Bryant, P., Mathews, J. A., James D. Wright . 2015, p. nn-nn
  Investitionsentscheidungen aus verhaltensorientierter Perspektive. In: Verhaltensanalyse im Controlling (with J. Weber, B. Hirsch, E. Zayer). Weinheim (Germany) : Wiley, Jürgen Weber. 2014, p. 33-49
  The Soft Side of Strategic Risk Management: How Top Managers' Leadership Style Affects Volatility in Performance. In: Contemporary Challenges in Risk Management: Dealing with Risk, Uncertainty and the Unknown (with S. Torp). Houndsmills, Basingstoke, Hampshire (United Kingdom) : Palgrave Macmillan, Torben Juul Andersen. 2014, p. 116-140
  The Use of Vignette Experiments in Business Strategy Research. In: International Business Strategy and Entrepreneurship. Hershey, PA (USA) : IGI Global, Patricia Ordonez de Pablos. 2014, p. 82-94
  Buy one, get one free: Benefits of following the controllability principle for intrinsic motivation?. In: Performance Measurement and Management Control (with J. Kunz). Bingley (UK) : Emerald Publishing, Antonio Davila, Marc J. Epstein, Jean-François Manzoni. 2012, p. 339-362
  Managerial Innovation: A Glimpse at Individual-level Determinants. In: Economic Themes. Athens (Greece) : ATINER, Roufagalas, J. . 2010, p. 349-361
  Tying vs. Not-Tying Post-Completion Reviews to extrinsic Rewards or Punishments. In: Performance Measurement and Management Control:Measuring and Rewarding Performance. Amsterdam (The Netherlands) : Elsevier, Epstein, M. J., Manzoni, J-F. . 2008, p. 95-125
  Investitionskontrolle. In: Vahlens großes Auditing Lexikon. Munich (Germany) : Franz Vahlen, Carl-Christian Freidank, , Laurenz Lachnit , Jörg Tesch . 2007

Professional Publications
  "Controllability sinnvoll einsetzen" (S. Linder, J. Kunz), Controlling & Management Review, Issue 4
  "Effektives Risiko- und Chancenmanagement in turbulenten Zeiten: Wie Sie Szenarien und Simulationen richtig nutzen" (S. Linder, J. Spitzner), Risk, Compliance & Audit, Oct 2010, Vol. n/a, Issue 5, p. 14‑19

Other Publications
Press articles
  "Simulieren geht ohne Weltformel". Frankfurter Allgemeine Zeitung, 21 Feb 2011, p. 10-10 (Risk management; simulations; scenario analysis)

Book reviews
  "Controlling: Konzeption, Aufgaben, Instrumente". (HU. Küpper) Zeitschrift für Controlling & Management, 2005, vol. 50, Issue 4, p. 325-326
  "Beyond Budgeting umsetzen - Erfolgreich planen mit Advanced Budgeting". (Horváth & Partners (hrsg) Zeitschrift für Controlling & Management, 2005, vol. 49, p. 29-30
  "Beyond Budgeting, Better Budgeting ? Ohne feste Budgets zielorientiert führen und erfolgreich steuern". (N. Pfläging) Zeitschrift für Controlling & Management, 2004, vol. 48, p. 163-164
  "Controlling". (P. Horváth) Kostenrechnungspraxis, 2002, vol. 46, Issue 8, p. 387-388

Teaching at ESSEC


- Strategic Management Control


- Management Control

- Pre-MSc Accounting Refresher, part 2: management accounting

- Strategic Cost Management

- Managing Plans and Projects

- Costs, Decisions, Simulations

- Project Controlling and Performance Management, Master LIIP


- Managerial Accounting


- Ph.D. elective course on Management Systems research (co-taught with Florence Cavelius, Marie-Léandre Gomez, Philippe Lorino, and Nicolas Mottis)

- Ph.D. core course on Foundations of Management II (co-taught with Fabrice Cavaretta, Bernard Leca, and Maciej Workiewicz) 




Other Teaching Activities

 - Management Control Systems for Competitive Advantage and Innovation (with Cristiana Parisi and Johanna Sax),
undergraduate course, Copenhagen Business School, Copenhagen, summer term 2011.

- The Theory of the Firm (with Nicolai J. Foss and Jacob Lyngsie)
Master of Science course, Finance & Strategic Management line, Copenhagen Business School,
Copenhagen, fall term 2010.

- Paradoxes in Strategic Management (with Jasper J. Hotho and Stephanie C. Schleimer)
Undergraduate course, Copenhagen Business School, Copenhagen, summer term 2010.

- Knowledge Management and Management Control Systems (with Jennifer Kunz)
MBA course, Université Paris Dauphine, Paris, 2010.

- The Theory of the Firm (with Nicolai J. Foss)
Master of Science course, Finance & Strategic Management line, Copenhagen Business School,
Copenhagen, fall term 2009.

- Paradoxes in Strategic Management (with Yvonne Borkelmann and Philip Nell)
Undergraduate course, Copenhagen Business School, Copenhagen, summer term 2009.

International Business Strategy (with Yvonne Borkelmann and Philip Nell) Undergraduate course,
Copenhagen Business School, Copenhagen, summer term 2009.

- The Theory of the Firm (with Nicolai J. Foss and Yvonne Borkelmann)
Master of Science course, Finance & Strategic Management line, Copenhagen Business School,
Copenhagen, fall term 2008.

- Knowledge Management and Management Control Systems (with Jennifer Kunz)
MBA course, Université Paris Dauphine, Paris, 2008.

Prior to 2008:
- Knowledge Management and Management Control Systems (with Jennifer Kunz)
MBA course, Université Paris Dauphine, Paris, 2005-2007.

- Unternehmensplanung (with Matthias Meyer)
Undergraduate course, WHU – Otto Beisheim School of Management, Vallendar, 2004.

- Unternehmensplanung (with Bernhard Hirsch)
Undergraduate course, WHU – Otto Beisheim School of Management, Vallendar, 2003.

Scientific Activities
Conference Presentations


Affiliations and Academic Responsibilities

Professional Experience

Management consultant (Free-lancer)

2006 – 2008: Management consultant, Bonn (Germany)

Useful Links
Accounting and Management Control
Tel: +33-1-34-43-32-38
Fax: +33-1-34-43-28-11

ESSEC Business School
Av. Bernard Hirsch
B.P. 50105
95021 Cergy Pontoise Cedex

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