scholarly journals Management Accounting Innovations and Financial Performance: The Role of Economic Crisis Perceptions and Business Strategy

2021 ◽  
Author(s):  
I Made Pradana Adiputra ◽  
I Gede Putu Banu Astawa ◽  
Desak Nyoman Sri Werastuti ◽  
Ni Kadek Sinarwati
Keyword(s):  
Financial Performance ◽  
Economic Crisis ◽  
Business Strategy ◽  
Management Accounting

scholarly journals Justification of Administrative Decisions on the Basis of Management Accounting Data

Upravlenie ◽  
2016 ◽  
Vol 4 (4) ◽  
pp. 45-51
Author(s):  
Жернакова ◽  
Marina ZHyernakova ◽  
Шестакова ◽  
Irina Shestakova
Keyword(s):  
Economic Crisis ◽  
Economic Activity ◽  
Management Accounting ◽  
Economic Calculation ◽  
Economic Crises ◽  
Accounting Data ◽  
Managerial Decisions ◽  
Current Economic Crisis ◽  
Operational Management

The article analyzes the place and role of management accounting in making managerial decisions. The authors believe that the current economic crisis demands flexibility, control and efficiency strategic and operational decisions. The article describes the stages of development of management accounting, a comparison of the content of such economic categories as management accounting, controlling, planning, economic activity, and economic calculation. Given the periods of economic crises and changes in management accounting. The article highlights the processes of improving the management in the USSR. The authors consider the characteristics of strategic and operational management accounting, purpose of management accounting in the organization, the requirements to the information formed in system of management accounting.

scholarly journals The Environmental Strategy of Businesses as an Option under Recession in Greece

2018 ◽  
Vol 10 (12) ◽  
pp. 4399 ◽  
Author(s):  
Andreas Fousteris ◽  
Eleni Didaskalou ◽  
Markos-Marios Tsogas ◽  
Dimitrios Georgakellos
Keyword(s):  
Financial Performance ◽  
Competitive Advantage ◽  
Economic Crisis ◽  
Critical Role ◽  
Economic Recession ◽  
Decisive Role ◽  
Business Environment ◽  
Environmental Strategy ◽  
The Impact

In recent years and mostly during the last two decades, the decisive role of the environment in the business administration field and business life in general has emerged. In the modern, fast changing, and highly competitive business environment, and even more so in the context of the recent economic crisis, businesses constantly struggle to survive, trying to resolve problems and improve their performance and competitive advantage. Therefore, they must save and invest substantial sums of money to build strong infrastructure, to change procedures, and to produce environmentally friendly products. In view of the above, the current study attempted to examine the impact of environmental strategy on the growth of medium and large enterprises in all sectors in Greece, in a period of economic crisis. The study, carried out in February and March 2018, confirmed the positive correlation and the critical role of environmental strategy in the financial performance of Greek enterprises during this period of economic recession. Both eco-efficient practices and innovative practices lead to the creation of competitive advantage and, thus, to the improvement of the financial performance of a firm.

Economic crisis as a driver of management accounting change

2014 ◽  
Vol 15 (1) ◽  
pp. 123-149 ◽  
Author(s):  
Christoph Endenich
Keyword(s):  
Decision Making ◽  
Empirical Evidence ◽  
Economic Crisis ◽  
Management Accounting ◽  
Cross Sectional ◽  
Content Type ◽  
Management Accountants ◽  
Decision Making Processes ◽  
Statistical Sense

Purpose – The purpose of this paper is to investigate change processes within German and Spanish management accounting which are induced by the recent economic crisis. To illuminate these changes, a particular emphasis is put on budgeting processes and the role of management accountants. Design/methodology/approach – A cross-sectional field study that mainly builds on interviews with senior management accounting executives in nine German and nine Spanish companies was conducted. The German and Spanish companies were matched in terms of industry and size to assure comparability of the two national samples. Findings – The most recent economic crisis represents a crucial driver of management accounting change in the companies comprising my sample. Whereas budgeting is increasingly performed continuously, the empirical evidence suggests that opportunities are continually evolving that might result in a more powerful position of management accountants within corporate decision-making processes and an improved image of management accountants. Research limitations/implications – The findings of this study should not be generalised in a statistical sense. However, the results may be used as the basis for qualitative and quantitative follow-up studies. Practical implications – The paper provides several examples which demonstrate, that management accountants can improve their image and their influence on corporate decision making in times of economic crisis. Originality/value – This paper contributes to the literature by providing both theoretical refinement of and empirical evidence on propositions on the influence of the economic crisis on management accounting.

Non‐financial management accounting measures in Finnish financial institutions

2002 ◽  
Vol 14 (3) ◽  
pp. 210-229 ◽  
Author(s):  
Mostaque Hussain ◽  
A. Gunasekaran
Keyword(s):  
Financial Performance ◽  
Financial Institutions ◽  
Financial Management ◽  
Service Sector ◽  
Service Industry ◽  
Management Accounting ◽  
Financial Industry ◽  
Dynamic Nature ◽  
Made In

The importance of the role of management accounting (MA) in measuring emerging non‐financial performance (NFP) is increasing, especially in the service sector. However, there are a number of studies concerning NFP measures, but comparatively little is known about non‐financial MA measures in services and almost nothing in banks/financial institutions (BFI). Taking into consideration the need for studying MA practices in measuring emerging NFP in the service industry, an attempt has been made in this paper to investigate the practice of MA in NFP measurement in Finnish BFI. Several factors have been identified, in the context of “New Institutional Sociology” theory that influence NFP measures, of which economic impact is the most influential, followed, subsequently by coercive, normative and mimetic pressures. Accordingly, the empirical findings of this research are evaluated, and consequently, it has been used to modify the theory for further research that fits with the dynamic nature of NFP in the financial industry.

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