“…Although there is a large repository of literature available on the VM, some questions remain unanswered. Although prior studies (e.g., (Jha, 2016, de Sousa Jabbour et al, 2018, Bougaa et al, 2015, Demartini et al, 2017, Wen et al, 2022 have examined the impact of VM in many fields, they did not examine the impact of VM on the cost reduction of production activities and mitigate the EHS risks of these activities which supports sustainable business in industry 4.0. Therefore, to address this research gap in the management accounting literature, this study aims to examine the role of VM in improving processes in industrial companies.…”