Modern Managerial Accounting Capability and Firm Success: Empirical Evidence from Textile Export Businesses in Thailand
Keywords:
Modern Management Accounting Capability, Firm Success, Organizational Goal achievementAbstract
The purpose of this research was to examine the influences of modern managerial accounting capability on firm success. Data was collected from 150 textile export businesses in Thailand by using a questionnaire as a research instrument. The statistic used for data analyzing were correlation and multiple regression. The results indicated that three dimensions of modern managerial accounting capability, including activity-based costing orientation, re-engineering awareness, and benchmarking technique emphasis have positive relationships with organizational goal achievement and firm success. Furthermore, organizational goal achievement has a positive influence on firm success
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performance imperative confronting today’s leaders. San Francisco: Jossey-Bass publications.
Zaman, M. (2009). The impact of activity based costing on firm performance: The Australian experience.
International Review of Business Research Papers, 5(4), 200-208.
Alsoboa, S. S., & Aldehayyat, J. S. (2013). The impact of competitive business strategies on managerial
accounting techniques: A study of Jordanian public industrial companies. International Journal
of Management, 30(2), 545-555.
Anand, M., Sahay B. S., & Saha, S. (2005). Activity-based cost management practices in India: An empirical study.
Decision, 32(1), 123-152.
Armstrong, J. S., & Overton, T, S. (1977). Estimating nonresponse bias in mail surveys. Journal of Marketing Research,
14(3), 396-402.
Asikhia, O. U., & Awolusi, O. D. (2015). Assessment of critical success factors of business process re-engineering in
the Nigerian oil and gas industry. South African Journal of Business Management, 46(2), 1-14.
Baxendale, S. J. (2001). Activity-based costing for the small business: A primer. Business horizons, January, 61-68.
Bipp, T., & Dam, V. K. (2014). Extending hierarchical achievement motivation models: The role of motivational needs
for achievement goals and academic performance. Personality and Individual Differences, 64, 157–162.
Cardos, I., & Pete, S. (2011). Activity-based costing (ABC) and activity based management (ABM) implementation -
Is this the solution for organizations to gain profitability? Romanian Journal of Economics, 151-168.
Deepen, J. M., Goldsby, T. J., & Knemeyer, A. M. (2008). Beyond expectations: An examination of logistics outsourcing
goal achievement and goal exceedance. Journal of Business Logistics, 29(2), 75-105.
The Customs Department of the Ministry of Commerce (DMC). Retrieved January 1, 2016 from https://www.moc.go.th
Elnathan, D., Lin, W. T., & Young, M. S. (1996). Benchmarking and management accounting: A framework
for research. Journal of Management Accounting Research, 8, 37-54.
Galani, D., Gravas, E., & Stavropoulos, A. (2010). The impact of ERP systems on accounting process.
International Scholarly and Scientific Research and Innovation, 4 (6), 774-779.
Garrison, R. H., & Noreen, E. W. (2003). Managerial accounting (10th ed.). New York: McGraw-Hill/Irwin.
Hair, Jr. J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis: A global
perspective (7th ed.). New Jersey: Pearson Prentice Hall.
Helms, M. M., Ettkin, L. P., Baxter, J. T., & Gordon, M. W. (2005). Managerial implications of target costing.
Competitiveness Review, 15(1), 49-56.
Horngren, C. T., Datar, S., Foster, G., Rajan, M., & Ittner, C. (2009). Cost accounting: a managerial
emphasis (13th ed.). New Jersey, Upper Saddle River: Prentice Hall.
Ittner, C. D., Lanen W. N., & Larcker D. F. (2002). The association between activity-based costing and
manufacturing performance. Journal of Accounting Research, 40(3), 711-726.
Joseph, J., & Vetrivel, A. (2012). Impact of target costing and activity based costing on improving the
profitability of spinning mills in Coimbatore - Empirical study on spinning mills. Journal of
Contemporary Research in Management, 7(2), 41-55.
Khajavi, S., & Nazeni, A. (2010). Innovation in management accounting: The need of world-class firms.
International Journal of Academic Research, 2, 320-330.
Laonamtha, U., Ussahawanitchakit, P., & Boonlua, S. (2013). Modern cost management capability and
firm performance: Empirical assessment of auto parts businesses in Thailand. Review Business
Research, 12(4), 77-121.
Lockmy, A., & Smith, W. I. (2000). Target costing for supply chain management: criteria and selection.
Industrial Management and Data Systems, 100(5), 210-218.
Maiga, S. A., & Jacobs, A. F. (2006). Assessing the impact of benchmarking antecedents on quality
improvement and its financial consequences. Journal of Management Accounting Research,
18(1), 97-123.
Miron-Spektor, E., & Beenen, G. (2015). Motivating creativity: The effects of sequential and simultaneous
learning and performance achievement goals on product novelty and usefulness. Organizational
Behavior and Human Decision Processes, 127, 53-65.
Naranjo-Gil, D., Mass, V., & Hartmann, F. (2009). How CFOs determine management accounting innovation
: An examinations of direct and indirect effects. European Accounting Review, 18, 667-695.
Nunnally, J. C., & Berenstein, I. H. (1994). Psychometric theory. New York: McGraw-Hill.
Prasong, P., Ussahawanitchakit. P., & Muenthaisong, K. (2013). Antecedents and consequences of
accounting governance: An empirical study of paper manufacturing businesses in Thailand.
Journal of International Business and Economics, 13 (3), 111-134.
Prempree, K., Ussahawanitchakit, P., & Boonlua, S. (2013). Management accounting governance and firm value of
textile manufacturing businesses in Thailand. International Journal of Business Strategy, 13 (4), 41-72.
Shank, J. K., & Govindarajan, V. (1993). Strategic cost management the new tools for completive
advantage. New York: The Free Press.
Sungau, J., Ndunguru, P. C., & Kimeme, J. (2013). Business process re-engineering: the technique to improve
delivering speed of service industry in Tanzania. Independent Journal of Management and Production,
4(1), 208-227.
Talha, M., Raja, B. J., & Seetharaman, A. (2010). A new look at management accounting. Journal of
Applied Business Research, 26, (4), 83-96.
Tappura, S., Sievanen, M., Heikkila, J., Jussila, A., & Nenonen, N. (2015). A management accounting
perspective on safety. Safety Science, 71, 151- 159.
Tontiset, N., & Ussahawanitchakit, P. (2010). Building successful cost accounting implementation of
electronics manufacturing businesses in Thailand: How do its antecedents and consequences
play significant role? Journal of Academy of Business and Economics, 10(3), 1-25.
Wu, C. L., Sivabalan, P., & Huang, P. H. (2013). The application of target costing to the real-estate
investment industry a dual model approach. Asia Pacific Management Review, 18(2), 221-237.
Yamane, T. (1973). Statistics: An Introductory Analysis (3rd ed.). New York: Harper and Row.
Yazdifar, H., & Askarany, D. (2012). A comparative study of the adoption and implementation of target
costing in the UK, Australia and New Zealand. International Journal of Production Economics,
135(1), 382-392.
Zaccaro, S. I., & Klimoski, R. (2011). The nature of organizational leadership: understanding the
performance imperative confronting today’s leaders. San Francisco: Jossey-Bass publications.
Zaman, M. (2009). The impact of activity based costing on firm performance: The Australian experience.
International Review of Business Research Papers, 5(4), 200-208.
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Published
25-10-2018
How to Cite
Jantarajaturapath, N., Ussahawanitchakit, P., & Janjarasjit, S. (2018). Modern Managerial Accounting Capability and Firm Success: Empirical Evidence from Textile Export Businesses in Thailand. Journal of Accountancy and Management, 10(3), 170–184. Retrieved from https://so02.tci-thaijo.org/index.php/mbs/article/view/222958
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