Impact of Strategic Management Accounting on Operating Performance: Research in Public Universities of Vietnam
DOI:
https://doi.org/10.26668/businessreview/2023.v8i8.3269Keywords:
Strategic Management Accounting, Operating Performance, Public Universities, Degree of Autonomy, Number of Students, Number of Years of EstablishmentAbstract
Purpose: The study aims to evaluate the impact of strategic management accounting (SMA) on the operating performance of Vietnamese public universities in terms of autonomy, student size, and number of years of establishment.
Theoretical framework: The paper is based on the theory of strategic management accounting, including the use of strategic management accounting as well as the characteristics of organizations in general and universities in particular.
Design/Methodology/Approach: Survey data were collected from 142 accountants of 102 public higher education institutions, cleaned data, and used regression analysis by SPSS 22 software.
Findings: The results showed that with 07 factors of SMA stands for Strategic Application (AD), Strategic Planning (LKH), Strategic Management Accounting (KT), Financial Measures (TC), Non-Financial Measures (PTC), Reporting strategy (BC), and Strategic Management Decision Making (RQD), there are only 3 factors that have an impact on the performance of quality universities (Application of Strategy, Quality Management Accounting Techniques, and Financial Measures). Considering the control variable, only the degree of autonomy, and the number of students have a positive effect on the impact of quality management accounting information and the performance of universities.
Research, practical & social implications: The results contribute to additional evidence for managers to pay more attention to quality management accounting information, thereby improving the universites' operational performance. In addition, this study complements the literature review documents related to the content of SMA and the impact of using SMA on the performance of universities.
Originality/Value: The study provided an extension on the impact of SMA on the performance of universities as well as the mediating role of the control variable on the relationship between SMA and performance. Research results provide useful references for research on related issues.
Downloads
References
Abernethy, M. A., & Lillis, A. M. (2001). Interdependencies in organization design: a test in hospitals. Journal of Management Accounting Research, 13(1), 107-129.
Alamri, A.M. (2019). Association between strategic management accounting facets and organizational performance. Baltic Journal of Management, 14(2), 212-234. https://doi.org/10.1108/BJM-12-2017-0411
Ali, S., Haider, Z., Munir, F., Khan, H., & Ahmed, A. (2013). Factors contributing to the students’ academic performance: A case study of Islamia University Sub-Campus. American Journal of Educational Research, 1(8), 283-289.
Alrjoub, A. M. S., Bataineh, A., Al-Qudah, L. A. M., Al-Othman, L. N., Alkarabsheh, F., & Aburisheh, K. E. (2023). The Impact of Quality Costs as a Mediator in the Relationship Between Management Accounting Systems and Financial Performance: the Case of Jordan. International Journal of Professional Business Review, 8(4), e01462. https://doi.org/10.26668/businessreview/2023.v8i4.1462
Alsharari, N.M., Dixon, R., & Accounting, M.A.E.A.Y. (2015). Management accounting change: critical review and a new contextual framework. Journal of Accounting and Organizational Change, 11(4), 476-502.
Amanollah Nejad Kalkhouran, A., Hossein Nezhad Nedaei, B. & Abdul Rasid, S.Z. (2017). The indirect effect of strategic management accounting in the relationship between CEO characteristics and their networking activities, and company performance. Journal of Accounting and Organizational Change, 13(4), 471-491.
Anuforo, P.U., Ayoup, H., Mustapha, U.A., & Abubakar, A.H. (2019). The Implementation of Balance Scorecard and Its Impact on Performance: Case of Universiti Utara Malaysia. International Journal of Accounting & Finance Review, 4(1), 1-16.
Aykan, E. and Aksoylu, S. (2013). Effects of competitive strategies and strategic management accounting techniques on perceived performance of businesses. Australian Journal of Business and Management Research, 3(7), 30-39.
Azhar, Z., & Rahman, I.K.A. (2009). Managerial performance measures in management accounting practices of Malaysian institutions of higher learning. Management and Accounting Review, 8(1), 37-61.
Bromwich, M. (1990). The case for strategic management accounting: the role of accounting information for strategy in competitive markets. Accounting, organizations and society, 15(1-2), 27-46.
Cadez, S., & Guilding, C. (2008). An exploratory investigation of an integrated contingency model of strategic management accounting. Accounting, organizations and society, 33(7-8), 836-863.
Cadez, S., Dimovski, V., & Zaman Groff, M. (2017). Research, teaching and performance evaluation in academia: the salience of quality. Studies in Higher Education, 42 (8), 1455-1473.
Cinquini, L. and Tenucci, A. (2010). Strategic management accounting and business strategy: a loose coupling?. Journal of Accounting and Organizational Change, 6 (2), 228-259.
Corrall, S., & Sriborisutsakul, S. (2010). Evaluating intellectual assets in university libraries: A multi-site case study from Thailand. Journal of Information & Knowledge Management, 9(03), 277-290.
Fiss, P. C. (2007). A set-theoretic approach to organizational configurations. Academy of management review, 32(4), 1180-1198.
Guilding, C., Cravens, K. S., & Tayles, M. (2000). An international comparison of strategic management accounting practices. Management accounting research, 11(1), 113-135.
Hair, J., Black, W., Babin, B., & Ander, R. (2010). Multivariate Data Analysis. New Jersey: Pearson Academic
Hill, N.T. (2000), “Adoption of costing systems in US hospitals: an event history analysis 1980-1990”, Journal of Accounting and Public Policy, Vol. 19 No. 1, pp. 41-71.
Janudin, S.E., & Maelah, R. (2016). Performance measurement system in Malaysian public research universities: is it contemporary?. International Journal of Management in Education, 10(3), 219-233.
Kurniawan, Y., Purwito, A., & Nurani, T.W. (2016). Achievement of academic performance indicators for undergraduate programs at the Faculty of Fisheries and Marine Sciences, Bogor Agricultural University in the perspective of quality assurance. Journal of Business and Management Applications (JABM), 2(3), 258.
Küpper, H.U. (2013). A specific accounting approach for public universities. Journal of Business Economics, 83(7), 805-829.
Lachmann, M., Knauer, T. and Trapp, R. (2013). Strategic management accounting practices in hospitals: empirical evidence on their dissemination under competitive market environments. Journal of Accounting and Organizational Change, 9(3), 336-369.
Love, P.E., Zhou, J., Edwards, D.J., Irani, Z., & Sing, C.P. (2017). Off the rails: The cost performance of infrastructure rail projects. Transportation Research Part A: Policy and Practice, 99, 14-29.
Marlina, E., Ardi, H.A., & Samsiah, S. (2018). Analysis of strategic costing effect towards university performance with competitive advantage as mediating. Prosiding CELSciTech, 3, 27-33.
Marlina, E., Ardi, H. A., Samsiah, S., Ritonga, K., & Tanjung, A. R. (2020). Strategic costing models as strategic management accounting techniques at private universities in Riau, Indonesia. International Journal of Financial Research, 11(1), 274-283.
Mntonintshi, O., & Mtembu, V. (2018). When Performance Management Fails: Attitudes and Perceptions of Staff at a Higher Education Institution. Journal of Economics and Behavioral Studies, 10(6A), 131-140.
National Assembly (2005), Education Law No. 38/2005/QH11 dated June 14, 2005.
Nguyen, N. T. (2020, 03 28). Financial autonomy when performing university autonomy - Research at University of Law, Hue University. Retrieved from Industry and Trade magazin: http://www.tapchicongthuong.vn/bai-viet/tu-chu-tai-chinh-khi-thuc-hien-tu-chu-dai-hoc-nghien-cuu-tai-truong-dai-hoc-luat-dai-hoc-hue-70035.htm
Ozdil, E., & Hoque, Z. (2019). Accounting as an engine for the re‐creation of strategy at a university. Accounting & Finance, 59(3), 1741-1762
Permana, D.J. (2018). Designing higher education performance measurement systems through the academic scorecard method. Journal of Informatics: Journal of IT Development, 3 (1), 109-114.
Phi Anh, D. N. (2016). Factors Affecting the Use and Consequences of Management Accounting Practices in A Transitional Economy: The Case of Vietnam. Journal of Economics & Development, 18(1), 54-73. doi:10.33301/2016.18.01.04
Ramos-Monge, E.L., Llinàs-Audet, X., & Barrena-Martinez, J. (2017). Universities as corporate entities: the role of social responsibility in their strategic management. Corporate Governance and Strategic Decision Making, 199-215
Sarbaitnil, & Firdaus, F. (2019). The character values in minangkabau traditional martial arts. International Journal of Scientific & Technology Research, 8(10), 846-850.
Simmonds, N. W. (1981). Genotype (G), environment (E) and GE components of crop yields. Experimental Agriculture, 17(4), 355-362.
Sriyono, Nugroho, S. P., Soeprapto, A., & Sirait, A. (2022). Strategic Management Accounting Techniques for Strategic Costing in Village-Owned Enterprises. International Journal of Professional Business Review, 7(6), e0810. https://doi.org/10.26668/businessreview/2022.v7i6.810 Tatikonda, L.U., & Tatikonda, R.J. (2001). Activity-based costing for higher education institutions. Management Accounting Quarterly, 2(2).
Turner, M.J., Way, S.A., Hodari, D. and Witteman, W. (2017). Hotel property performance: the role of strategic management accounting. International Journal of Hospitality Management, 63, 33-43.
Vietnam Government (2014), Resolution No. 77/NQ-CP of the Government: On piloting innovation of operation mechanism for public higher education institutions in the period 2014 - 2017, dated October 24 year 2014.
Vietnam Ministry of Education and Training (2021). Retrieved from Ministry of Education and Training: https://moet.gov.vn/thong-ke/Pages/thong-ko-giao-duc-dai-hoc.aspx?ItemID=7389
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Le Thi Tu Oanh, Tran Thi Thu Phong, Huy Manh Dao, Lan Anh Thi Nguyen
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Authors who publish in this journal agree to the following terms: the author(s) authorize(s) the publication of the text in the journal;
The author(s) ensure(s) that the contribution is original and unpublished and that it is not in the process of evaluation by another journal;
The journal is not responsible for the views, ideas and concepts presented in articles, and these are the sole responsibility of the author(s);
The publishers reserve the right to make textual adjustments and adapt texts to meet with publication standards.
Authors retain copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Atribuição NãoComercial 4.0 (http://creativecommons.org/licenses/by-nc/4.0/), which allows the work to be shared with recognized authorship and initial publication in this journal.
Authors are allowed to assume additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (e.g. publish in institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
Authors are allowed and are encouraged to publish and distribute their work online (e.g. in institutional repositories or on a personal web page) at any point before or during the editorial process, as this can generate positive effects, as well as increase the impact and citations of the published work (see the effect of Free Access) at http://opcit.eprints.org/oacitation-biblio.html