Thoroughly examining the influence of managerial accounting on organizational performance with Heckman two-step technique
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 5, Pages 58-67
10.47750/cibg.2021.27.05.006
Abstract
The implementation of managerial accounting practices in business has been broadlyrecognized as a determinant of organizational performance. Earlier studies have not taken
sample selection bias problem into consideration when examining this relationship. The
current work scrutinizes the relation from managerial accounting adoption to organizational
performance by employing Heckman two-step technique. The data was collected from 302
publicly listed enetrprises in Vietnam’s main Stock Exchanges. The findings suggest there
exists sample selection bias in the causal link from the implementation of managerial
accounting practices to organizational performance. The current research is helpful to
managerial accounting scholars as well as business executives, in shedding light on the
association between managerial accounting practices and organizational performance. The
findings could help directors in their business decisions on adopting managerial accounting
practices which should correspond to their organizational characteristics and business
environment, where they can obtain the best organizational performance.
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