The purpose of this study is to examine whether the mechanisms of MCS have been adequately developed and applied in the Nepalese commercial banks or not. | Management control systems in Nepalese commercial banks International Journal of Management IJM Volume 7 Issue 7 November December 2016 335 Article ID IJM_07_07_036 Available online at http ijm JType IJM amp VType 7 amp IType 7 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication MANAGEMENT CONTROL SYSTEMS IN NEPALESE COMMERCIAL BANKS Dr. Jitendra Prasad Upadhyay Associate Professor Tribhuvan University Nepal Commerce Campus Kathmandu Nepal ABSTRACT Purpose The purpose of this study is to examine whether the mechanisms of MCS have been adequately developed and applied in the Nepalese commercial banks or not. Methodology Used Descriptive and analytical research designs have been used for the study. Primary data have been collected through the questionnaires using convenience and judgmental sampling from the Nepalese commercial banks. Questionnaires have been developed in five scales and mean standard deviation coefficient of variation correlation and factor analysis have been used as tools. Cronbach s alpha test has been done to test the reliability of the data. Findings All the commercial banks have applied the mechanisms of MCS. Key words Management Control Systems. Cite this Article Dr. Jitendra Prasad Upadhyay Management Control Systems in Nepalese Commercial Banks. International Journal of Management 7 7 2016 pp. 320 335. http IJM JType IJM amp VType 7 amp IType 7 1. BACKGROUND A management control system MCS is a logical integration of techniques to gather and use information to make planning and control decisions to motivate employee behavior and to evaluate performance. It refers to the design installation and operation of management planning and control systems. MCS is the formal information based routine and procedure managers use to maintain or alter patterns in organizational activities Simons 1995 . Conventionally
