Affecting Factors on Value Chain Costing Capability: An Empirical Evidence of Electronic and Electrical Appliance Businesses in Thailand
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Published:
Oct 1, 2019
Keywords:
Value Chain Costing Capability Electronic and Electrical Appliance Businesses
Main Article Content
Abstract
Value chain costing capability has an important role to develop cost competitiveness and firm performance. Nevertheless, both internal and external environmental changes are also a key factor in value chain costing capability. The purpose of this research is to investigate the relationship between internal factors and external factors which had effects on value chain costing capability. The data were collected from 152 electronic and electrical appliance businesses in Thailand by using a questionnaire mail survey. The ordinary least square (OLS) regression statistical analysis was used to test all of hypothesis. The results revealed that organizational learning culture, cost management knowledge, modern management information system, and volatile competitive pressure had significant positive influence on value chain costing capability. This research supported the new model, and accounting executives are suggested to enhance four key factors in their businesses.
Article Details
Section
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บทความที่ได้รับการตีพิมพ์เป็นลิขสิทธิ์ของวารสาร สักทอง : วารสารมนุษยศาสตร์และสังคมศาสตร์ สถาบันวิจัยและพัฒนา มหาวิทยาลับราชภัฏกำแพงเพชร
ข้อคิดเห็นใดๆ ที่ปรากฎในวารสารเป็นวรรณกรรมของผู้เขียนโดยเฉพาะ ซึ่งมหาวิทยาลัยราชภัฏกำแพงเพชรและบรรณาธิการไม่จำเป็นต้องเห็นด้วย
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and firm performance: an empirical investigation of electronics and electrical
manufacturing businesses in Thailand. Thesis Mahasarakham Business School, Mahasarakham University.
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corporate credibility. Journal of Business Research, 52(3), 235-247.
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management accounting information usage in Malaysia: insights from electrical and
electronics companies. Procedia Economics and Finance, 31, 13-25.
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prognosis. In Readings in Accounting for Management Control (pp. 83-106). Springer, Boston, MA.
Pavlatos, O. & Paggios, I. (2009). A survey of factors influencing the cost system design in
hotels. International Journal of Hospitality Management, 28(2), 263-271.
Phornlaphatrachakorn, K. (2017). Competitor Accounting and Marketing Performance : An
Empirical Investigation of Electronics and Electrical Appliance Businesses in Thailand. University of the Thai Chamber of Commerce Journal Humanities and Social Sciences, 37(4), 35-55.
Polprasert, P., Ditkaew, K. & Dechasetsiri, P., (2015). The effect of information technology
capability on Logistic management in textile industries. Proceeding of the National Conferences “Managing the Sustainable Growth of Local Business in Thailand”. 27 November 2015 (pp.236-237). Faculty of Business Administration and Management Ubon Ratchathani Rajabhat University.
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Performance. New York : The Free Press.
Posavac, S.S., Kardes, F.R. & Brakus, J.J. (2010). Focus induced tunnel vision in managerial
judgment and decision making : The peril and the antidote. Organizational Behavior and Human Decision Processes, 113(2), 102-111.
Revilla, E. & Rodriguez, B. (2011). Team vision in product development : How knowledge
strategy matters. Personality and Individual Differences, 31(2), 118-127.
Rosli, M.H., Said, J. & Mohd, F. (2014). Factors that influence the use of Strategic Management
Accounting (SMA) in Malaysian Government-Linked Companies (GLCs). Malaysian
Accounting Review, 13(2), 23-46.
Saadat, V. & Saadat, Z. (2016). Organizational Learning as a Key Role of Organizational Success.
Procedia-Social and Behavioral Sciences, 230, 219-225.
Smith, J.L. (2013). Effective goal setting: goals serve as road maps to personal and professional
success. Quality, 12(1), 20.
Tohidi, H. & Jabbari, M.M. (2012). Presenting structural equation model for measuring
organizational learning capability. Procedia Technology, 1, 586-590.
Ussahawanitchakit, P. (2017). Value chain costing, competitive advantage and firm success :
Evidence from Thai auto parts manufacturing businesses. International Journal of
Business Research, 22(3), 231-250.
Walas-Trebacz, J. (2015). Management instruments used for the improvement of the enterprise
value chain in order to increase its competitiveness. Ekonomika, 61(2), 39-53.
Whitaker, J., Mithas, S. & Krishnan, M. S. (2010). Organizational learning and capabilities for
onshore and offshore business process outsourcing. Journal of Management
Information Systems, 27(3), 11-42.
World Economic Forum, (2017). The global competitiveness report 2016-2017 [Online].
Available : http://reports.weforum.org/global-competitiveness-report-2016-
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Sons.
Agbejule, A. & Saarikoski, L. (2006). The effect of cost management knowledge on the
Relationship between budgetary participation and managerial performance. The British Accounting Review, 38(4), 427-440.
Aksoylu S. & Aykan E. (2013). Effects of strategic management accounting techniques on
perceived performance of businesses. Journal of US-China, Public. Administration, 10 (10), 1004-1017.
Angonese, R. & Lavarda, C.E.F. (2014). Analysis of the factors affecting resistance to changes
in management accounting systems. Revista Contabilidade & Finanças, 25(66),
214-227.
Armstrong, J.S. & Overton, T.S. (1977). Estimating nonresponse bias in mail surveys. Journal
of Marketing Research, 14(3), 396-402.
Bingham C.B. & Davis J.P. (2012). Learning sequences: Their existence, effect, and
evolution. Academy of Management Journal, 55(3), 611-641.
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.
Cinquini L. & Tenucci A. (2010). Strategic management accounting and business strategy:
Aloose coupling. Journal of Accounting Organizational Change, 6(2), 228-259.
Chung, H.F., Yang, Z. & Huang, P.H. (2015). How does organizational learning matter in
strategic business performance? The contingency role of guanxi networking. Journal
of Business Research, 68(6), 1216-1224.
Cokins, G. (2014). Top 7 trends in management accounting, Part 2. Strategic Finance, 95(7),
41-48.
Dong, S., Xu, S.X. & Zhu, K.X. (2009). Research note-information technology in supply chains :
The value of it-enabled resources under competition. Information Systems
Research, 20(1), 18-32.
Fearne, A., Garcia Martinez, M. & Dent, B. (2012). Dimensions of sustainable value chains:
implications for value chain analysis. Supply Chain Management: An International
Journal, 17(6), 575-581.
Foster, R.D., & Akdere, M. (2007). Effective organizational vision: implications for human
resource development. Journal of European Industrial Training, 31(2), 100-111.
Gogus, C.G. & Ozer, G. (2014). The roles of technology acceptance model antecedents and
switching cost on accounting software use. Journal of Management Information
and Decision Sciences, 17(1), 1.
Grigore, A.M. (2013). The Cost Strategical Analysis and Chain Value for the Romanian Book
Publishing Industry. Romanian Journal of Marketing, (3), 55-60.
Hair, J.F. Jr., Black W.C., Babin B.J., Anderson R.E. & Tatham R.L. (2010). MultivaGriate Data
Analysis. (6 th ed.). New Jersey : Pearson Education International.
Haylock, J. (2011). Clear vision gets results. Chartered Accountants Journal, 90(6), 63.
Janin, P. (2015). Cluster’s competitiveness of the industrial business group in the northern
region. The Golden Teak : Humanity and Social Science Journal (GTHJ.), 21(1),
93-103.
Kenyon, G.N. & Meixell, M.J. (2011). Success factors and cost management strategies for
logistics outsourcing. Journal of Management and Marketing Research, 7, 1.
Kirli, M. & Gumus H. (2011). The implementation of strategic management accounting based on
value chain analysis: Value chain accounting. International Journal of Social Sciences
and Humanity Studies, 3(1), 307-321.
Kloviene, L. & Gimzauskiene, E. (2014). Development of accounting system according to an
information technology. Review of Economic Studies and Research Virgil
Madgearu, 7(2), 59.
Komala, A.R. (2012). The influence of the accounting managers' knowledge and the top
managements' support on the accounting information system and its impact on the
quality of accounting information: a case of Zakat Institutions in Bandung. Journal of
Global Management, 4(1), 53-73.
Konings, J., Cayseele, P.V. & Warzynski, F. (2005). The effects of privatization and competitive
pressure on firms' price-cost margins: Micro evidence from emerging economies. Review of Economics and Statistics, 87(1), 124-134.
Laonamtha, U., Ussahawanitchakit, P. & Boonlua, S. (2013). Modern cost management
capability and firm performance : An empirical assessment of auto parts
businesses in Thailand. Thesis Mahasarakham Business School, Mahasarakham
University.
Lichtenstein, S. & Dade, P. (2007). The shareholder value chain: values, vision and shareholder
value creation. Journal of General Management, 33(1), 15-31.
Marquez-Ramos, L. & Aparisi-Caudeli, J.A. (2013). The impact of management accounting
systems on international markets : Theory and evidence using the Balanced Scorecard approach. Journal of Applied Management Accounting Research, 11(2), 5.
Moore, S.L., Ellsworth, J.B. & Kaufman, R. (2011). Visions and missions: Are they useful? A quick
assessment. Performance Improvement, 50(6), 15-24.
Moradi, E., Almutairi, D.O., Idrus, D. & Emami, R. (2013). The influence of organizational learning
culture on job satisfaction among academic staff. Journal of Global Management, 5
(1), 56-66.
Mozota, D., Borja, B. & Kim, B.Y. (2009). Managing design as a core competency : Lessons from
Korea. Design Management Review, 20(2), 66-76.
Mu, L. & Cui, X. (2012). An experimental research on governance mechanisms for cost of value
chain. Nankai Business Review International, 3(2), 199-218.
Namnai, K., Ussahawanitchakit, P. & Janjasjit, S. (2016). Modern cost management innovation
and firm performance: an empirical investigation of electronics and electrical
manufacturing businesses in Thailand. Thesis Mahasarakham Business School, Mahasarakham University.
Newell, S.J. & Goldsmith, R.E. (2001). The development of a scale to measure perceived
corporate credibility. Journal of Business Research, 52(3), 235-247.
Noordin, R., Zainuddin, Y., Mail, R. & Sariman, N.K. (2015). Performance outcomes of strategic
management accounting information usage in Malaysia: insights from electrical and
electronics companies. Procedia Economics and Finance, 31, 13-25.
Otley, D.T. (1980). The contingency theory of management accounting: achievement and
prognosis. In Readings in Accounting for Management Control (pp. 83-106). Springer, Boston, MA.
Pavlatos, O. & Paggios, I. (2009). A survey of factors influencing the cost system design in
hotels. International Journal of Hospitality Management, 28(2), 263-271.
Phornlaphatrachakorn, K. (2017). Competitor Accounting and Marketing Performance : An
Empirical Investigation of Electronics and Electrical Appliance Businesses in Thailand. University of the Thai Chamber of Commerce Journal Humanities and Social Sciences, 37(4), 35-55.
Polprasert, P., Ditkaew, K. & Dechasetsiri, P., (2015). The effect of information technology
capability on Logistic management in textile industries. Proceeding of the National Conferences “Managing the Sustainable Growth of Local Business in Thailand”. 27 November 2015 (pp.236-237). Faculty of Business Administration and Management Ubon Ratchathani Rajabhat University.
Porter, M.E. (1985). Competitive Advantage : Creating and Sustaining Superior
Performance. New York : The Free Press.
Posavac, S.S., Kardes, F.R. & Brakus, J.J. (2010). Focus induced tunnel vision in managerial
judgment and decision making : The peril and the antidote. Organizational Behavior and Human Decision Processes, 113(2), 102-111.
Revilla, E. & Rodriguez, B. (2011). Team vision in product development : How knowledge
strategy matters. Personality and Individual Differences, 31(2), 118-127.
Rosli, M.H., Said, J. & Mohd, F. (2014). Factors that influence the use of Strategic Management
Accounting (SMA) in Malaysian Government-Linked Companies (GLCs). Malaysian
Accounting Review, 13(2), 23-46.
Saadat, V. & Saadat, Z. (2016). Organizational Learning as a Key Role of Organizational Success.
Procedia-Social and Behavioral Sciences, 230, 219-225.
Smith, J.L. (2013). Effective goal setting: goals serve as road maps to personal and professional
success. Quality, 12(1), 20.
Tohidi, H. & Jabbari, M.M. (2012). Presenting structural equation model for measuring
organizational learning capability. Procedia Technology, 1, 586-590.
Ussahawanitchakit, P. (2017). Value chain costing, competitive advantage and firm success :
Evidence from Thai auto parts manufacturing businesses. International Journal of
Business Research, 22(3), 231-250.
Walas-Trebacz, J. (2015). Management instruments used for the improvement of the enterprise
value chain in order to increase its competitiveness. Ekonomika, 61(2), 39-53.
Whitaker, J., Mithas, S. & Krishnan, M. S. (2010). Organizational learning and capabilities for
onshore and offshore business process outsourcing. Journal of Management
Information Systems, 27(3), 11-42.
World Economic Forum, (2017). The global competitiveness report 2016-2017 [Online].
Available : http://reports.weforum.org/global-competitiveness-report-2016-
2017/ [2017, January 2].