Open Book 'Financial' Management: A Case Study of Manco, Inc.

Oklahoma State University Working Paper

24 Pages Posted: 7 Jun 2001

See all articles by Raj Aggarwal

Raj Aggarwal

University of Akron; Federal Reserve Banks - Federal Reserve Bank of Cleveland

Betty J. Simkins

Oklahoma State University - Stillwater - Department of Finance

Date Written: May 2001

Abstract

This paper reviews the strategic nature of open book 'financial' management (hereafter referred to as open book management) in optimizing an organizations return on human capital and illustrates it using Manco Inc., as a case study. The challenges and advantages of implementing open book management to improve financial performance and employee motivation are described briefly, as are some suggested procedures and steps to facilitate the implementation of open book management. Open book management is seen as being useful in minimizing agency costs as it reduces the degree of asymmetry in the information available to managers and employees especially in non-public multi-divisional public companies.

Keywords: Open book management, Financial management, Financial performance

JEL Classification: G30, G34, G39, M12, M14

Suggested Citation

Aggarwal, Raj and Simkins, Betty J., Open Book 'Financial' Management: A Case Study of Manco, Inc. (May 2001). Oklahoma State University Working Paper. Available at SSRN: https://ssrn.com/abstract=271283 or http://dx.doi.org/10.2139/ssrn.271283

Raj Aggarwal

University of Akron ( email )

Akron, OH 44325-4803
United States

Federal Reserve Banks - Federal Reserve Bank of Cleveland ( email )

East 6th & Superior
Cleveland, OH 44101-1387
United States

Betty J. Simkins (Contact Author)

Oklahoma State University - Stillwater - Department of Finance ( email )

336 Business Building
Stillwater, OK 74078-4011
United States
405-744-8625 (Phone)
405-744-5180 (Fax)

HOME PAGE: http://spears.okstate.edu/~simkins

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