The influence of stakeholders on management accounting practice

Oyewo, Babajide; Ajibolade, S.O.; Obazee, Alero

doi:10.1080/20430795.2019.1619336

Cited by 5 publications

(4 citation statements)

References 54 publications

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“…According to Oyewo et al (2021), in order for organizations to survive in the contemporary business environment, they must focus on customers and competitors while considering the implementation of MAPs. Companies should strategically adopt MAPs in the context of market competition, competitive strategy, advanced management technology, total quality management, and just-in-time systems.…”

Section: Maps In Indonesiamentioning

confidence: 99%

How Companies Create Value Through Management Accounting Practices in the Era of the Covid Pandemic

Puryati

2024

Rev. CEA

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Purpose: This study aims to explore Management Accounting Practices (MAPs) in Indonesia and the impact that Covid-19 had on them. It also aims to establish the factors that affected MPAs during the pandemic, and the effect that these practices had on business performance. Design/methodology: Descriptive and verification methods were used. The former was employed to detail MAPs in manufacturing companies in Indonesia and the impact that the Covid-19 pandemic had on these practices. The verification method (using multiple linear regression) was employed to examine the factors that influence their MAPs and the effect of these practices on business performance. This study used primary data obtained from controllers who work for different Indonesian manufacturing companies. The total sample was composed of 41 questionnaire responses. Findings: This paper shows that most manufacturing companies in Indonesia have adopted MAPs for cost systems, decision-making, business strategies, and advanced manufacturing technology. In general, these MAPs are at Stage 4 as defined by the IFAC. This means that, in Indonesia, MAPs are implemented to create value and maintain companies’ sustainability in the era of Industry 4.0. Conclusions: The pandemic increased the implementation of MAPs, which had a significant effect on the intensity of market competition and firm performance. The results of this study support Statement 1 on Management Accounting by the IFAC, according to which accounting practices in Stage 4 are focused on the effective use of organizational resources to create value. Originality: This study focuses on manufacturing companies in Indonesia and the period of the Covid-19 pandemic, which brought about special conditions that impacted business operations. These results are in line with changes in the current business environment, and companies can consider them to create value and continuously improve their performance.

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Section: Maps In Indonesiamentioning

confidence: 99%

How Companies Create Value Through Management Accounting Practices in the Era of the Covid Pandemic

Puryati

2024

Rev. CEA

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“…Third, our study does not examine the decision-making variables that may mediate the relationships between MAS use, SCI, and firm performance, such as decision-making quality, which encompasses attributes such as accuracy, commitment, timeliness, and understanding of decisions (Franke et al, 2023; Oyewo et al, 2019) made by supply chain managers with the assistance of MAS. Thus, future studies should investigate these variables to comprehensively understand the interplay between MAS use, SCI, and firm performance.…”

Section: Implications Limitations and Future Research Directionsmentioning

confidence: 99%

How Can Vietnamese Companies Benefit from Management Accounting Systems and Supply Chain Integration Under Business Environment Uncertainty?

Hieu,

Nguyen,

Hoai

2024

Sage Open

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We develop and test a moderated mediation model to explain how management accounting systems impact supply chain integration and firm performance, and how perceived environmental uncertainty influences these relationships. Partial least squares structural equation modeling was used to analyze the survey data from 158 supply chain firms in Vietnam. Results indicate that the use of management accounting systems increases the extent of supply chain integration, which in turn enhances firm performance. Furthermore, perceived environmental uncertainty moderates the positive associations between the use of management accounting systems, supply chain integration, and firm performance. This study makes several contributions to existing literature. First, it elucidates the role of supply chain integration in promoting partner integration in the Vietnamese context. Second, it reveals the performance implications of the interaction between management accounting systems and supply chain integration. Our findings have important implications for supply chain management because they emphasize the need to develop effective management accounting systems and supply chain integration strategies in the context of environmental uncertainty.

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“…The institutional theory identifies three major factors affecting the adoption of an innovation, namely: coercive isomorphism, mimetic isomorphism and normative isomorphism. As the name suggests, coercive isomorphism are factors that coerce or force an organization to resemble another organization (Oyewo, Ajibolade, & Obazee, 2019). The coercive pressures are normally exerted by organizations of stakeholder groups that have a high level of influence on an organization.…”

Section: Institutional Factors Affecting the Deployment Of Artificial Intelligencementioning

confidence: 99%

Determinants and Impact of Artificial Intelligence on Organizational Competitiveness: A Study of Listed American Companies

Iwuanyanwu¹

2021

JSSM

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This study investigated the institutional factors affecting the application of Artificial Intelligence (AI) by American companies. The objectives of the study were to: 1) determine the institutional factors affecting AI; 2) evaluate the impact of institutional factors on application level of AI; and 3) assess the impact of AI on organizational competitiveness. This study adopted a survey research design. The population of the study is comprised of all publicly quoted companies on NASDAQ (National Association of Securities Dealers Automated Quotations). Data collection was aided by structured questionnaire. In line with the 10% rule of thumb for large population size, 330 companies were taken as the sample size for the study. The 330 companies were randomly selected, and a copy of questionnaire dispatched to each company, making a total of 330 copies of questionnaire administered. Result shows that the relatively high-ranking institutional factors affecting AI application are Competitors' activities, Consultants/Professional bodies, actions of Multinational organizations, and the need to satisfy customers. A thematic analysis of the high-ranking factor shows that the mimetic factors (i.e., competitors' activities and actions of multinational organizations) are the strongest factors driving the application of AI by the companies. The normative factor (i.e., recommendations of consultants/professional bodies/experts) also has appreciable influence on AI application. Result also shows that institutional factors jointly account for an appreciable level of AI application in American companies. Result suggests that the application of AI has a significantly positive impact on organizational competitiveness. This makes it compelling to encourage investment in AI given its significantly positive impact on organizational competitiveness. The study contributes to knowledge by providing em-How to cite this paper: Iwuanyanwu, C. C.

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The influence of stakeholders on management accounting practice

Cited by 5 publications

References 54 publications

How Companies Create Value Through Management Accounting Practices in the Era of the Covid Pandemic

How Companies Create Value Through Management Accounting Practices in the Era of the Covid Pandemic

How Can Vietnamese Companies Benefit from Management Accounting Systems and Supply Chain Integration Under Business Environment Uncertainty?

Determinants and Impact of Artificial Intelligence on Organizational Competitiveness: A Study of Listed American Companies

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