Management accounting innovations in a time of economic crisis

Pavlatos, Odysseas; Kostakis, Hara

doi:10.1016/j.jeca.2018.e00106

Cited by 37 publications

(42 citation statements)

References 33 publications

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“…One may accept basic provisions of Marxists in the cyclic development sphere and single out the reasons for reduction of the capital structure: employment of a considerable number of labourers, rapid development of technological innovations facilitating the creation and use of capital saving equipment, i.e. the cost of such equipment in relation to the cost of workforce is decreasing when workforce productivity exceeds the capital-labor ratio (Pavlatos & Kostakis, 2018).…”

Section: Resultsmentioning

confidence: 99%

The Cyclical Fluctuation Transfer Mechanism By Means Of Production Factor Measurement

Petrov¹,

Михайлов²,

Konovalova³

2020

European Proceedings of Social and Behavioural Sciences

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Section: Resultsmentioning

confidence: 99%

The Cyclical Fluctuation Transfer Mechanism By Means Of Production Factor Measurement

Petrov¹,

Михайлов²,

Konovalova³

2020

European Proceedings of Social and Behavioural Sciences

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“…The main measures of the system of economic security of any organization include:protection of the rights and interests of the company and its employees; study of partners, clients, competitors, candidates for work in the company; countering technical penetration for criminal purposes;detection, prevention and suppression of possible illegal and other negative activities of the company's employees to the detriment of its safety; ensuring the safety of material values and information constituting a trade secret of the enterprise; formation among the population and business partners of a favorable opinion about the company, contributing to the implementation of economic activity plans and statutory objectives; compensation for material and moral damage caused as a result of illegal actions of organizations and individuals;monitoring the effectiveness of the security system [16].…”

Section: Resultsmentioning

confidence: 99%

Methodological tools to ensure economic security in the personnel management system of enterprises

et al. 2019

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Economic security of the enterprise is designed to ensure stable and continuous functioning of the economic entity. The study of the state of economic security is one of the key factors for enterprises, as the level of its security depends on the financial condition. The purpose of personnel management in the system of economic security of the enterprise is to find ways to minimize risks and threats to employees. Ensuring economic security is one of the most important problems faced by enterprises. The overall system of integrated enterprise management is closely related to security and personnel management. The article examines the main threats and factors affecting economic security, as well as measures to improve the system of protection of the organization, the factors affecting the external and internal environment, measures for the organization of economic security in the enterprise, developed a methodology for assessing the personnel management system to make effective management decisions.

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“…Pavlatos and Kostakis report that there were differences between the degree of use of MA tools and the level of importance before and during an economic crisis [14]. They find that, during the crisis, the importance and use of the Operational Costing, Planning and MA tools increase, while the use and importance of traditional cost accounting practices decrease.…”

Section: Introductionmentioning

confidence: 99%

An Integrated LSTM Neural Networks Approach to Sustainable Balanced Scorecard-Based Early Warning System

2020

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Developments in the economic environment in the 2000s have become increasingly dynamic and complex. Rapid developments in this kind of economic environment threaten and restrain the sustainability of enterprises. Enterprises need to respond quickly to these burdens and threats to survive and sustain their operations efficaciously in a competitive market in the long run. In order to reduce possible uncertainties in the future and to anticipate economic crises, early risk warning systems should be developed. However, it is seen that management accounting researches are very limited or insufficient on the demand of enterprises for coping with such crises. The aim of this study is to diminish the deficiency in the strategic cost management and prediction of economic crises. Sustainable Balanced Scorecard (SBSC), which was developed as a strategic cost management tool, is constructed in a dynamic way by integrating the early warning system developed for enterprises with an innovative approach into SBSC. Additionally, early warning system model is developed in a manner that successfully predicts economic crises with long short time memory (LSTM) networks using economic macro variables in micro field. As a result of the integration of risk early warning system with SBSC, economic crises will be predicted and necessary strategies will be developed to cope with problems of the crises. Furthermore, predicting economic crises will be turned into opportunities or cause enterprises to make measures with minimum losses. In this model, crisis periods are successfully predicted two crises of 2002 and 2008 with 95.41% accuracy with macroeconomic data between 1998 and 2011. INDEX TERMS Sustainable balanced scorecard (SBSC), early warning system, economic crises, machine learning, long short time memory (LSTM).

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Management accounting innovations in a time of economic crisis

Cited by 37 publications

References 33 publications

The Cyclical Fluctuation Transfer Mechanism By Means Of Production Factor Measurement

The Cyclical Fluctuation Transfer Mechanism By Means Of Production Factor Measurement

Methodological tools to ensure economic security in the personnel management system of enterprises

An Integrated LSTM Neural Networks Approach to Sustainable Balanced Scorecard-Based Early Warning System

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