Firm Attributes Count and Management Accounting Practices in an Emerging Market

Stanley Ogoun; Sawyerr Ayaundu

doi:doi:10.11648/j.ijber.20200903.11

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Firm Attributes Count and Management Accounting Practices in an Emerging Market

Stanley Ogoun, Sawyerr Ayaundu

Published in International Journal of Business and Economics Research (Volume 9, Issue 3)

Received: 9 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.

Published in	International Journal of Business and Economics Research (Volume 9, Issue 3)
DOI	10.11648/j.ijber.20200903.11
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), 2020. Published by Science Publishing Group

Keywords

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

References

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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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ACS 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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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://article.sciencepublishinggroup.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
PY  - 2020
N1  - https://doi.org/10.11648/j.ijber.20200903.11
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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Author Information

Stanley Ogoun

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

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

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Plain Text BibTeX RIS

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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ACS 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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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

Copy | Download

@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://article.sciencepublishinggroup.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}
}

Copy | Download

TY  - JOUR
T1  - Firm Attributes Count and Management Accounting Practices in an Emerging Market
AU  - Stanley Ogoun
AU  - Sawyerr Ayaundu
Y1  - 2020/04/17
PY  - 2020
N1  - https://doi.org/10.11648/j.ijber.20200903.11
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  -

Copy | Download