Factorial Analysis in the internal control's dimensions on lithographic companies

Previous studies have highlighted the influence of control mechanisms on organizational performance, since it reduces uncertainty in decision making. However, there is no evidence of literature demonstrating how managers apply internal control strategies to create dynamic tensions that contribute to...

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Bibliographic Details
Published inProcedia computer science Vol. 203; pp. 688 - 692
Main Authors Velandia-Pacheco, Gabriel, Escobar-Castillo, Adalberto, Navarro-Manotas, Evaristo, Otalora-Beltrán, Jorge, Archibold-Barrios, Wendell, Franklin-Navarro, Stefanell, Ramos-Barrios, Liliana, García-Rodríguez, José
Format Journal Article
LanguageEnglish
Published Elsevier B.V 2022
Subjects
communication
control activities
control environment
information
Internal control
monitoring
risk assessment
self-control
risk assessment
control activities
control environment
self-control
Internal control
information
communication
monitoring
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Summary:Previous studies have highlighted the influence of control mechanisms on organizational performance, since it reduces uncertainty in decision making. However, there is no evidence of literature demonstrating how managers apply internal control strategies to create dynamic tensions that contribute to superior performance. Therefore, the objective of the article is to analyze the dimensions of internal control in the lithographic companies of Barranquilla. A positivist, explanatory and non-experimental research was developed. As an instrument for collecting information, a Likert-type ordinal scale questionnaire was produced for 150 managers of the companies under study. On the other hand, a confirmatory factor analysis was applied as a statistical technique. The results show that risk assessment (0.968), control environment (0.959) and information and communication (0.957) are the dimensions of internal control that present the greatest loads within the factorial model, which allows us to deduce that, in the companies studied the development of strategies to reduce the risks inherent in their business activities becomes more relevant; thus guaranteeing the achievement of corporate objectives by reducing information asymmetry and incorporating tools that make communication more effective.
ISSN:1877-0509
1877-0509
DOI:10.1016/j.procs.2022.07.102