Contingency theory concludes that there is not a single best way to manage processes of organising, decision-making
and leadership since different environments provide different antecedents (Fiedler 1964; Lawrence and Lorsch 1967;
Luthans 1976). For instance, referring to earlier research in the field of organisations, organisations are always settled in
an environment which consists of an internal and a rather contingent external context (Waterhouse and Tiessen 1978).
While the former comprises structures, processes and technologies of an organisation, which are capable of being influenced
by management, the latter is to a large extent independent of the existence of single organisations and thus can
hardly be influenced by these. Following Otley (1980, p. 413), applying a contingency framework to management
accounting