International Journal of Business and Economics Research

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Firm Attributes Count and Management Accounting Practices in an Emerging Market

Received: 09 March 2020    Accepted: 26 March 2020    Published: 17 April 2020
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Abstract

The birth of globalization has brought about the introduction of new technologies and means of production which exposes developing countries to greater competition. This has resulted in the alteration of the business environment, thereby changing the dynamics of firm characteristics. In view of the foregoing, this paper examines whether or not attributes count of a firm (FAC) influences the Management Accounting Practices (MAPs) adopted. This effort is hinged on the manufacturing sphere, using primary data sourced through the issuance of structured questionnaires. Firm attributes count was discriminated on the basis of; size, intensity of market competition, grade of accounting staff and technology deployed. A sample size of 80 firms was adopted, with the Spearman correlation coefficient method employed to analyse the data. The empirical outcome of this effort unveils that, all the firm attributes count deployed in this study significantly influence MAPs. Therefore, the study concludes that the type of management accounting tool deployed in any firm, is firm size, intensity of market competition, quality of accounting staff and the level and nature of tech dependent, and that domain differences does tinker with the nature of the effect of these variables. On the basis of the foregoing, it is recommended that smaller firms should deploy outsourcing of management accounting services to augment the lack of quality accounting staff, explore opportunities of alternatives of improved, but cheaper, technology to deploy towards improving the competitiveness, and deploy firm-clustering paradigm to take advantage of combined resource utilisation.

DOI 10.11648/j.ijber.20200903.11
Published in International Journal of Business and Economics Research (Volume 9, Issue 3, June 2020)
Page(s) 94-102
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Firm, Attributes, Management Accounting Practices, Size, Competition, Technology

References
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Author Information
  • Department of Accountancy, Faculty of Management Sciences, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria

  • Department of Accountancy, Faculty of Management Sciences, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria

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  • APA Style

    Stanley Ogoun, Sawyerr Ayaundu. (2020). Firm Attributes Count and Management Accounting Practices in an Emerging Market. International Journal of Business and Economics Research, 9(3), 94-102. https://doi.org/10.11648/j.ijber.20200903.11

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    Stanley Ogoun; Sawyerr Ayaundu. Firm Attributes Count and Management Accounting Practices in an Emerging Market. Int. J. Bus. Econ. Res. 2020, 9(3), 94-102. doi: 10.11648/j.ijber.20200903.11

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    AMA Style

    Stanley Ogoun, Sawyerr Ayaundu. Firm Attributes Count and Management Accounting Practices in an Emerging Market. Int J Bus Econ Res. 2020;9(3):94-102. doi: 10.11648/j.ijber.20200903.11

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  • @article{10.11648/j.ijber.20200903.11,
      author = {Stanley Ogoun and Sawyerr Ayaundu},
      title = {Firm Attributes Count and Management Accounting Practices in an Emerging Market},
      journal = {International Journal of Business and Economics Research},
      volume = {9},
      number = {3},
      pages = {94-102},
      doi = {10.11648/j.ijber.20200903.11},
      url = {https://doi.org/10.11648/j.ijber.20200903.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijber.20200903.11},
      abstract = {The birth of globalization has brought about the introduction of new technologies and means of production which exposes developing countries to greater competition. This has resulted in the alteration of the business environment, thereby changing the dynamics of firm characteristics. In view of the foregoing, this paper examines whether or not attributes count of a firm (FAC) influences the Management Accounting Practices (MAPs) adopted. This effort is hinged on the manufacturing sphere, using primary data sourced through the issuance of structured questionnaires. Firm attributes count was discriminated on the basis of; size, intensity of market competition, grade of accounting staff and technology deployed. A sample size of 80 firms was adopted, with the Spearman correlation coefficient method employed to analyse the data. The empirical outcome of this effort unveils that, all the firm attributes count deployed in this study significantly influence MAPs. Therefore, the study concludes that the type of management accounting tool deployed in any firm, is firm size, intensity of market competition, quality of accounting staff and the level and nature of tech dependent, and that domain differences does tinker with the nature of the effect of these variables. On the basis of the foregoing, it is recommended that smaller firms should deploy outsourcing of management accounting services to augment the lack of quality accounting staff, explore opportunities of alternatives of improved, but cheaper, technology to deploy towards improving the competitiveness, and deploy firm-clustering paradigm to take advantage of combined resource utilisation.},
     year = {2020}
    }
    

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  • TY  - JOUR
    T1  - Firm Attributes Count and Management Accounting Practices in an Emerging Market
    AU  - Stanley Ogoun
    AU  - Sawyerr Ayaundu
    Y1  - 2020/04/17
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    DO  - 10.11648/j.ijber.20200903.11
    T2  - International Journal of Business and Economics Research
    JF  - International Journal of Business and Economics Research
    JO  - International Journal of Business and Economics Research
    SP  - 94
    EP  - 102
    PB  - Science Publishing Group
    SN  - 2328-756X
    UR  - https://doi.org/10.11648/j.ijber.20200903.11
    AB  - The birth of globalization has brought about the introduction of new technologies and means of production which exposes developing countries to greater competition. This has resulted in the alteration of the business environment, thereby changing the dynamics of firm characteristics. In view of the foregoing, this paper examines whether or not attributes count of a firm (FAC) influences the Management Accounting Practices (MAPs) adopted. This effort is hinged on the manufacturing sphere, using primary data sourced through the issuance of structured questionnaires. Firm attributes count was discriminated on the basis of; size, intensity of market competition, grade of accounting staff and technology deployed. A sample size of 80 firms was adopted, with the Spearman correlation coefficient method employed to analyse the data. The empirical outcome of this effort unveils that, all the firm attributes count deployed in this study significantly influence MAPs. Therefore, the study concludes that the type of management accounting tool deployed in any firm, is firm size, intensity of market competition, quality of accounting staff and the level and nature of tech dependent, and that domain differences does tinker with the nature of the effect of these variables. On the basis of the foregoing, it is recommended that smaller firms should deploy outsourcing of management accounting services to augment the lack of quality accounting staff, explore opportunities of alternatives of improved, but cheaper, technology to deploy towards improving the competitiveness, and deploy firm-clustering paradigm to take advantage of combined resource utilisation.
    VL  - 9
    IS  - 3
    ER  - 

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