- Using Management Accounting Information to Enhance Competitive Advantage for Enterprises in Vietnam. - Management accounting information has an important role in supporting the managers to executive functions of planning, control, and decision - making. - This study was carried out for the purpose of checking the relationship between the use of management accounting information and the competitive advantage of Vietnamese enterprises based on Resource-Based View. - Results of data analysis from 279 enterprises in Vietnam shows that the use of management accounting information with the broad scope, timeliness, aggregation, and integration has a positive effect to the competitive advantage of the businesses in Vietnam. - Keywords: Competitive advantage. - The use of management accounting information. - However, we find that there is little research which applied Resource-Based View in the field of management accounting information to explain that the use of management accounting information will contribute to improving competitive advantage for the firm. - Based on Resource-Based View, the research results of Nguyen (2018) also shows that intermediary role of the level of using of management accounting information in the relationship between market orientation and the firm performance. - The relationship between the use of management accounting information and performance also has been demonstrated in several studies based on the Contingency theory (Mia and Chenhall, 1994. - It is obvious that competitive advantage has been studied a lot in the studies of strategic management, but is rarely mentioned in the research of management accounting (Bruggeman and Van der Stede, 1993), except the research of Bruggeman and Van der Stede (1993) tried to explain the importance of the design of management accounting control system matching the strategy to create competitive advantage. - Thereby, we found that the relationship between the level of using of management accounting information and competitive advantage is a research gap which has not been clarified. - Therefore, this study will attempt to examine the direct relationship between the level of using of management accounting information and competitive advantage based on Resource-Based View.. - In addition, there is little research which have been conducted to measure all four dimensions of management accounting information (including broad scope, timeliness, aggregation, and integration) which is proposed by Chenhall and Morris (1986), except the researchers of Agbejule (2005). - In fact, this is one of the main limitations of the majority of previous management accounting system studies, whereby they focus on one or two management accounting information dimensions. - Some studies learnt about the relationship between management accounting information with broad scope and firm performance such as Mia and Chenhall (1994). - Some other studies only explored two of the four dimensions of the management accounting information. - focused on the two dimensions of management accounting information including scope and aggregation. - Similarly, Fisher (1996) and Tsui (2001) chose to focus on the scope and timeliness of management accounting information. - Therefore, this study will have the significant contribution to the system of management accounting information studies which still has many limitations of measuring the dimensions of management accounting information.. - Chenhall and Morris (1986) were first formalized the four main characteristics of management accounting information which are used in firms. - Based on the four main characteristics, Agbejule (2005) adjusted into four dimensions to asses the level of using management accounting information in enterprises. - Firstly, the scope of management accounting information referring to the aspects of the concentration, measurement, and time (Larcker, 1981. - Management accounting not only provides information related to the external environment in economics (such as GNP, the total of market revenues and the market share of the company) but also provides the non-economic information (such as demographic factor, consumer taste, the action of competitors and the advancement of technology). - Besides the monetary measurement, management accounting information with broad scope will include non-monetary measurement (Gordon and Miller, 1976). - In addition, management accounting information with broad scope will provide the estimation of the probability of happening events in future (Chenhall and Morris, 1986).. - Secondly, the timeliness of management accounting information refers to the period and the frequency of reporting information as the request of the managers systematically (Chenhall and Morris, 1986). - Management’s ability in quick responding to the events can be affected by the timeliness of management accounting information. - In other words, the system of management accounting information which makes sure the timeliness will provide information about the latest events that occurred. - Thirdly, management accounting information can be provided in many different aggregation forms from the supply of raw data without treatment to many different sets in the period or the concerned fields such as responsibility center or functional areas. - Competitive advantage. - The research applied the Resource-Based View to argue and prove that management accounting information (broad scope, timeliness, aggregation, and integration) is resource satisfying VRIN attributes. - The management accounting literature makes strong claims about the importance of how managers design and use management accounting system to support the implementation of organizational strategies (Kaplan and Norton, 1996). - Abernethy and Brownell (1999) proposed that it is important to understand the style in which top management uses the management accounting system strategically. - According to the research of Simons (Simons some studies examined the positive role of management accounting information in the planning and implementation of strategies (Bromwich, 1990. - The studies all suggested that management accounting information has an important role in supporting management in the implementation of the functions of planning, control, and decision-making. - Is management accounting information with the broad scope, timeliness, aggregation, and integration considered as resource of the enterprise satisfying VRIN attributes?. - Firstly, management accounting information is a valuable resource. - Because management accounting supplies broad scope information including historical information and information-oriented future, financial and non-financial information related to the functional parts of the enterprise. - Clearly, management accounting provides not only internal information but also external information about markets, customers, and competitors etc.. - From the analysis above, we can assert that management accounting information is a valuable resource of the enterprise.. - Hypothesis H 1 : The use of broad scope management accounting information has a positive effect to the competitive advantage of the enterprises.. - Secondly, management accounting information is a rare resource. - Hypothesis H 2 : The use of timeliness management accounting information has a positive effect to the competitive advantage of the enterprises.. - Thirdly, management accounting information is an inimitable resource. - Although Barney (1991) argued that the management accounting techniques can easily be copied by competitors, he also said that the process of applying such techniques to generate information as well as the transition of management accounting information to knowledge depends on many other resources such as the experience of management, the culture of information sharing within the enterprise, etc. - therefore, companies can fully gain competitive advantage from the application of these management accounting techniques.. - Hypothesis H 3 : The use of aggregation management accounting information has a positive effect to the competitive advantage of the enterprises.. - Fourthly, management accounting information is a non-substitutable resource. - According to the Contingency Theory, there is not a management accounting information which is best for all enterprises (Gordon and Miller, 1976. - The design of management accounting information depends on many contextual factors such as organizational size, organizational structure, production technique, business strategy, organizational culture, competitive pressure. - This proves that management accounting information is a non-substitutable resource. - Hypothesis H 4 : The use of integration management accounting information has a positive effect to the competitive advantage of the enterprises.. - From the analysis above, we can see that the management accounting information is valuable, rare, inimitable and non-substitutable which contributes to create the competitive advantage for enterprises.. - For the pre-test, firstly, we choose five lecturers who have expertise in management accounting from the universities to examine whether these revised measurement items are both necessary and sufficient. - As mentioned in section 2.1, the proxy for characteristics of management accounting information is developed by Chenhall and Morris (1986) and also used by, among others, Mia and Chenhall (1994). - Many years later, Agbejule (2005) adjusted the scale of Chenhall and Morris (1986) to more suitable in measuring the level of using management accounting information in enterprises in developing countries. - The scale of Agbejule (2005) was used by Soobaroyen and Poorundersing (2008) and Nguyen (2018) to measure the level of using management accounting information in enterprises. - Accordingly, the level of using of management accounting information consists of 4 dimensions: the broad scope, timeliness, aggregation, and integration. - Therefore, in this study, we inherit the scale adjusted by Agbejule (2005) to measure the level of using management accounting information in Vietnamese enterprises. - this means that the characteristics of management accounting information explained 34.8% of the variation of the competitive advantage. - The result in Table 4 shows that the use of management accounting information with the broad scope, timeliness, aggregation, and integration has a positive effect on the competitive advantage of the enterprises in Vietnam. - Firstly, the use of management accounting information in time has the strongest positive impact on the competitive advantage with β = 0.298 (sig. - The research result again confirms the important role of providing timely management accounting information because the ability of management in the quick responding to the volatility of the market is affected by the timeliness of management accounting information (Chenhall and Morris, 1986).. - Secondly, the use of management accounting information with aggregation has the second strongest positive impact on the competitive advantage of enterprises with β = 0.248 (sig. - Thirdly, the use of management accounting information with broad scope has the third strongest positive impact on the competitive advantage of enterprises with β = 0.160 (sig. - Finally, the use of management accounting information which is integrated from many different parts and departments also has a positive impact on the competitive advantage of enterprises with β = 0.156 (sig. - Based on the Resource-Based View, research has analyzed and confirmed that management accounting information is the resource which satisfies VRIN attributes. - From the result of the study, to enhance competitive advantage in the intense competition and high volatility environment today, businesses need to have a plan to build and perfect the system of management accounting information to provide information with the broad scope, timeliness, aggregation, and integration. - Thus, the study result once again confirms the role of management accounting information in supporting the management to perform the functions of planning, control, and decision-making. - In addition, the study result also contributes to the filling of the research gap on the relationship between the use of management accounting information and competitive advantage of Vietnamese enterprises.. - Secondly, this study only considered the relationship between the use of management accounting information and the competitive advantage of enterprises basing on the view of Resource-Based View. - Some studies in the future may combine both the Contingency theory and the Resource-Based View to study the use of management accounting information which is suitable to types of various business strategies to bring competitive advantage for Vietnamese enterprises. - management accounting information and competitive advantage. - Finally, this study employs static and cross-sectional data, which has inevitable drawbacks in reflecting the function and evolution of the use of management accounting information and competitive advantage. - In summary, however, we believe that the results of the empirical study reported in this paper support the importance of management accounting system and suggest that the managers should use management accounting information with the broad scope, timeliness, aggregation, and integration in order to enhance the competitive advantage of their firms.. - Furthermore, we believe that the Resource-Based View is useful to explain that management accounting information is VRIN resources and it is an antecedent of the competitive advantage of the firms on the market.. - The relationship between management accounting systems and perceived environmental uncertainty on managerial performance: a research note.. - Antecedents to management accounting change: a structural equation approach. - The case for strategic management accounting: the role of accounting information for strategy in competitive markets. - An exploratory investigation of an integrated contingency model of strategic management accounting. - The relationship between strategic priorities, management techniques and management accounting: an empirical investigation using a systems approacha. - Journal of Management Accounting Research . - The impact of structure, environment, and interdependence on the perceived usefulness of management accounting systems.. - Decentralization, management accounting system (MAS) information characteristics and their interaction effects on managerial performance: a Singapore study. - Management accounting systems, task uncertainty and managerial performance: a research note. - Factors Affecting the Use and Consequences of Management Accounting Practices in A Transitional Economy: The Case of Vietnam. - Management accounting systems, perceived environmental uncertainty and organization structure: an empirical investigation.. - The effects of management accounting systems, perceived environmental uncertainty and decentralization on managerial performance: a test of three-way interaction. - Handbooks of management accounting research (Vol. - The usefulness of management accounting systems, functional differentiation and managerial effectiveness. - The Usefulness Of Management Accounting Systems, Fuctional Differentiation and Managerial Effectiveness . - Market competition, management accounting systems and business unit performance. - Management Accounting Research . - Management accounting systems, top management team heterogeneity and strategic change. - Performance implication of market orientation and use of management accounting systems: The moderating role of accountants’ participation in strategic decision making. - The contingency theory of management accounting: achievement and prognosis. - The contingency theory of management accounting and control:. - The effectiveness of management accounting systems: Evidence from functional managers in a developing country.. - The impact of culture on the relationship between budgetary participation, management accounting systems, and managerial performance: An analysis of Chinese and Western managers. - A contingency framework for management accounting systems research
Xem thử không khả dụng, vui lòng xem tại trang nguồn hoặc xem
Tóm tắt