دانلود رایگان مقاله انگلیسی تأثیر ویژگی های حاکمیت شرکتی بر حسابداری مدیریت استراتژیک در تایلند - امرالد 2017

Abstract

Purpose – The purpose of this paper is to explore relationships between corporate governance characteristics and strategic management accounting (SMA). The relationships provide insight into a debatable issue of whether corporate governance characteristics affect applications of SMA in Thailand. SMA is supporting tools for an organization to effectively execute its management strategies aiming for business success. Design/methodology/approach – This study analyzes primary data from survey and corporate governance data from year 2011 to 2013 of companies listed on the Stock Exchange of Thailand. Findings – Results show that corporate governance characteristics significantly affect SMA in two aspects, namely, participation and usage. This study finds some results that, on the one hand, separation of CEO’s role and chairmanship, size of independent board, and frequency of audit committee meetings positively affect both participation and usage. On the other hand, an independent chairman and board size negatively affect both participation and usage. Originality/value – Findings confirm framework of enterprise governance issued by the International Federation of Accountants that not only does corporate governance provides assurance control, but it also provides strategic governance through behavioral applications of SMA tools and supports.

6. Conclusion

This study shows significant evidence of relationships between corporate governance characteristics and SMA of firms listed in Thailand’s capital markets. It explores the application of SMA through corporate governance mechanism. The analyses show that SMA is a strategic supporting tool for corporate governance in strategic governance. The study provides significant contributions in both theoretical and practical aspects. In theoretical perspective, it demonstrates new empirical evidence in corporate governance characteristics and SMA that their relationships support the relationships between corporate governance and strategic governance under enterprise governance framework (IFAC, 2004). In addition, it shows the application of SMA through corporate governance mechanism in Thailand. These results enhance understanding of corporate governance mechanism in the context of strategic governance. For practical benefit, the results provide guideline to managers for SMA implementation so that they can appropriately prepare and design their organizations’ corporate governance mechanism in order to support their firms’ strategy. Though the findings of the study are explicit, their implication is limited for only firms in capital market of Thailand. In the future, a study should extend to cover firms outside capital market to improve generalization.