The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting Systems
Previous research in the literature often investigated the associations between management accounting systems and the success of organizations. However, little has been done in regard to the association of business strategies, goals, and firms’ performance while having management accounting tools as...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-10-01
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| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/9/4/149 |
| _version_ | 1797505311726108672 |
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| author | Nimnual Visedsun Kanitsorn Terdpaopong |
| author_facet | Nimnual Visedsun Kanitsorn Terdpaopong |
| author_sort | Nimnual Visedsun |
| collection | DOAJ |
| description | Previous research in the literature often investigated the associations between management accounting systems and the success of organizations. However, little has been done in regard to the association of business strategies, goals, and firms’ performance while having management accounting tools as mediators. Management accounting systems are classified as traditional and strategic management accounting themes. Each theme, of course, implements different accounting tools. This article explores the degree to which, as mediated by management accounting systems, the business strategies and business goals of large Thai manufacturing companies influence their financial and non-financial performance. To gather the data, a survey questionnaire was developed. Of the 1500 companies selected for inclusion in the survey, 205 provided completed and usable responses for a response rate of 13.67%. Structural equation modeling (SEM) was used to analyze the relationships among the variables. The findings shed some light on what the management of a firm could expect concerning organizational performance from their business strategies, business goals, and the implementation of specific management accounting systems. Corporate strategies and corporate goals had a statistical influence on both the financial and non-financial performance of the large corporations in Thailand when mediated via strategic management accounting systems, while there was no influence when mediated by traditional management accounting systems. A greater understanding of the relationships and effects of which mediators should have been employed in organizations to bring forth business strategies and business goals and generate productive results for organizational performance is provided by this research. Choosing the appropriate performance mediators can help achieve corporate strategies and goals. |
| first_indexed | 2024-03-10T04:16:48Z |
| format | Article |
| id | doaj.art-3f87b2a0ef8e45678e67fbc66aaef920 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-10T04:16:48Z |
| publishDate | 2021-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-3f87b2a0ef8e45678e67fbc66aaef9202023-11-23T07:58:37ZengMDPI AGEconomies2227-70992021-10-019414910.3390/economies9040149The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting SystemsNimnual Visedsun0Kanitsorn Terdpaopong1Faculty of Accountancy, Rangsit University, Pathum Thani 12000, ThailandFaculty of Accountancy, Rangsit University, Pathum Thani 12000, ThailandPrevious research in the literature often investigated the associations between management accounting systems and the success of organizations. However, little has been done in regard to the association of business strategies, goals, and firms’ performance while having management accounting tools as mediators. Management accounting systems are classified as traditional and strategic management accounting themes. Each theme, of course, implements different accounting tools. This article explores the degree to which, as mediated by management accounting systems, the business strategies and business goals of large Thai manufacturing companies influence their financial and non-financial performance. To gather the data, a survey questionnaire was developed. Of the 1500 companies selected for inclusion in the survey, 205 provided completed and usable responses for a response rate of 13.67%. Structural equation modeling (SEM) was used to analyze the relationships among the variables. The findings shed some light on what the management of a firm could expect concerning organizational performance from their business strategies, business goals, and the implementation of specific management accounting systems. Corporate strategies and corporate goals had a statistical influence on both the financial and non-financial performance of the large corporations in Thailand when mediated via strategic management accounting systems, while there was no influence when mediated by traditional management accounting systems. A greater understanding of the relationships and effects of which mediators should have been employed in organizations to bring forth business strategies and business goals and generate productive results for organizational performance is provided by this research. Choosing the appropriate performance mediators can help achieve corporate strategies and goals.https://www.mdpi.com/2227-7099/9/4/149business strategiesbusiness goalsmanagement accounting systemsfinancial performancenon-financial performancemanufacturing companies |
| spellingShingle | Nimnual Visedsun Kanitsorn Terdpaopong The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting Systems Economies business strategies business goals management accounting systems financial performance non-financial performance manufacturing companies |
| title | The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting Systems |
| title_full | The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting Systems |
| title_fullStr | The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting Systems |
| title_full_unstemmed | The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting Systems |
| title_short | The Effects of the Strategy and Goal on Business Performance as Mediated by Management Accounting Systems |
| title_sort | effects of the strategy and goal on business performance as mediated by management accounting systems |
| topic | business strategies business goals management accounting systems financial performance non-financial performance manufacturing companies |
| url | https://www.mdpi.com/2227-7099/9/4/149 |
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