R. Weddie Andriyanto, Mega Metalia


Performance measurement has been important thing for a company which can drive firm performance. In progress, performance measurement now has achieved an ideal model that is not only measure the financial aspect as an individual but also the customer aspect, internal business process, and learning and growth of company, known as Balanced Scorecard. Balanced Scorecard (BSC) that is introduced by Kaplan and Norton (1996) has success to improve performance in many big companies in United Statea, in various companies. In another country, empirical evidence shows multi results. While at Indonesia, there are only a few companies that implemented BSC which limited findings of empirical results. According to those, this research has done to give empirical evidence of this topic. Sample of this research is selected by purposive judgement sampling. This study use 15’s of 70’s BUMN as a sample, so the respond rate is 21%. The result of the independent sample t-test shows that BUMN managerial performance that using BSC is better than BUMN managerial performance in traditional performance measurement. This evidence can be used as preliminary research to investigate why Balanced Scorecard is not implemented in many companies in Indonesia.


Balanced Scorecard; Performance Measurement; Managerial

Full Text:

Download Article


Abeng, Tanri. 2005. BUMN Indonesia, Isu, Kebijakan dan Strategi. Elex Media Komputindo.

Baiman, S. 1982. Agency research in Managerial Accounting: A Survey. Journal of Accounting Literature Vol.1

Crenhall R.H. 1997. Reliance on Manufacturing Performance Measures. Total Quality Management and Organizational Performance. Management Accounting Research

Dirks, Paula Van Veen dan Wijn, Martin. 2002. Strategic Control: Meshing Critical Success Factors with the Balanced Scorecards. Long Range Planning. Vol.35 Issue 4

Eisenhardt, K. 1989. Agency Theory: An Assesment and Review. Academy of Management Review Vol.14

Feltham, G.A. dan J. Xie. 1994. Performance Measure Congruity and Diversity in Multi-task Principal/Agent Relations. The Accounting Review Vol. 69

Ghozali, Imam. 2005. Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.

Gibson, Ivancevich, Donnelly. 1992. Organisasi (Perilaku, Struktur dan Proses). Edisi kelima. Jilid 1. Jakarta: Erlangga

Holmstrom, B., dan P. Milgrom. 1991. Multitask principal-agent analysis: Incentive Contract, assets ownership, and Job design. Journal of Law, Economics and Organization Vol. 7

Hoque, Zahirul dan James, Wendy. 2000. Linking Balanced Scorecard Measures to Size and Market Factors: Impact on Organizational Performance. Journal of Management Accounting Research

Jensen, M.C., and W.H. Meckeling, 1976. Theory of the Firm Manajerial Behavior, Agency Costs and Capital Structure, Journal of Financial Economics

Kaplan, Robert S., dan Norton, David P. 1996. Balanced Scorecard. Harvard Business School Press

Kaplan, Robert S., dan Norton, David P. 1993. Putting the BSC to Work. Hardvard Business Review

Kuncoro, Mudrajat. 2006. Strategi Bagaimana Meraih Keunggulan Kompetitif. Penerbit Erlangga

Lipe, Marlys Gascho dan Salterio, Steven E. 2000. The Balanced Scorecard: Judgemental Effects of Common and Unique Performance Measures. The Accounting Review Vol. 75 No. 3

Mulyadi. 2001. Sistem Perencanaan dan Pengendalian Manajemen. Jakarta: Salemba Empat

Milgrom, P, dan J. Roberts. The Economic of Modern Manufacturing Technology, Strategy and Organization. The American Economic Review (Junee, 1990).

Mooraj, et.al. 1999. The Balanced Scorecard: A Necessary Good or An Unnecessary Evil. European Management Journal. Vol. 17 Issue 5.

Mowen, Hansen, 2005. Management Accounting, South-Western of Thomson


Scott, W.R., 1997. Financial Accounting Theory, Prentice Hall.,Inc. A. Simon & Schuster Company, New Jersey

Sugiharto, 2005. Restrukturisasi, Profitisasi, Privatisasi, Elex Media Komputindo.

Snyder, Monteze. et.al. 1996. Public and Private Organizations in Latin America: a Comparison of Reward Preferences, International Journal of Public Sector Management, Vol.9 no.2

Speckbacher, et.al. 2003. A Descriptive Analysis on the Implementation of Balanced Scorecard in German-Speaking Countries. Management Accounting Research. Vol. 14 Issue 4.

Yuwono, Sony, Edy Sukarno dan Muhammad Ichsan, 2007. Petunjuk Praktis Penyusunan Balanced Scorecard Menuju Organisasi yang Berfokus pada Strategi, PT Gramedia Pustaka Utama, Jakarta

Article Metrics

Abstract view : 61 times
Download Article - 153 times


  • There are currently no refbacks.

Certified Public Accountant (CPA) Test Centre Room
Gedung Ki Bagus Hadikusuma (E4) Lantai 2 Pojok Barat, Universitas Muhammadiyah Yogyakarta,
Jalan Brawijaya (Lingkar Selatan), Tamantirto, Kasihan, Bantul, Daerah Istimewa Yogyakarta, Indonesia
Website: journal.umy.ac.id/index.php/ai - E-mail: jai@umy.ac.id
Phone: +62 274 387 656 (ext: 334)

Journal of Accounting and Investment is licensed under Creative Commons Attribution 4.0 International License.