2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan
| Format: | General Document |
|---|
| _version_ | 1860798036234469376 |
|---|---|
| building | INTELEK Repository |
| collection | Online Access |
| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 |
| copyright | Copyright©PWB2025 |
| country | Malaysia |
| date | 2024-07-24 |
| format | General Document |
| id | 15581 |
| institution | UniSZA |
| internalnotes | Sila masukkan subject wajib Dissertations, Academic. Terima kasih... |
| originalfilename | IMPORTANCE OF MANAGEMENT ACCOUNTING AND CONTROL SYSTEMS FOR IMPROVING THE ECONOMIC SUSTAINABILITY OF SMALL AND MEDIUM-SIZED MANUFACTURERS IN PAKISTAN (PHD_2024).pdf |
| person | Shahid Latif |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15581 |
| sourcemedia | Server storage Scanned document |
| spelling | 15581 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15581 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 General Document Malaysia Library Staff (Top Management) Library Staff (Management) Library Staff (Support) Terengganu Faculty of Business and Management English application/pdf 1.5 Server storage Scanned document Universiti Sultan Zainal Abidin UniSZA Private Access Universiti Sultan Zainal Abidin SAMBox 3.0.10; modified using iTextSharp™ 5.5.10 ©2000-2016 iText Group NV (AGPL-version) Pakistan Copyright©PWB2025 2024-07-24 468 IMPORTANCE OF MANAGEMENT ACCOUNTING AND CONTROL SYSTEMS FOR IMPROVING THE ECONOMIC SUSTAINABILITY OF SMALL AND MEDIUM-SIZED MANUFACTURERS IN PAKISTAN (PHD_2024).pdf Shahid Latif Importance Of Management Accounting Control Systems For Improving The Economic Sustainability Small And Medium-Sized Manufacturers Managerial accounting – Pakistan Accounting control Small business – Finance – Pakistan Manufacturing industries – Pakistan – Economic aspects Performance measurement (Accounting) 2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan The adoption and implementation of management accounting and control systems (MACS) by small and medium-sized enterprises (SMEs) have been motivated by the recognition of the significance of these systems in addressing economic sustainability concerns. The implementation of such systems can augment the value proposition of organisations and enhance their chances of survival. SMEs that operate within the manufacturing sector in Pakistan encounter economic sustainability obstacles that directly affect their operational continuity. These firms are susceptible to a significant risk of failure, which could impede their ability to function at an optimal level. The present study aims to explore the perception, development and usage processes of management accounting and control systems to address the economic sustainability concerns of SMEs. The present research utilised a qualitative case study design, drawing upon dynamic capabilities theory and an extended Burns and Scapens framework. Purposive sampling was used to select six case firms, from which nineteen semi-structured interviews were conducted. A two-tiered methodology for data analysis was used, consisting of a comprehensive examination of individual cases followed by comparative analysis across cases. Thematic analysis of each case firm was conducted to generate themes, while cross-case analysis was performed to compare representations of various themes. Furthermore, observational data and firms’ documents were analysed to corroborate the findings of the current research. The results indicated that organisational actors in SMEs have positive perceptions of deriving benefits from developing and using MACS, with some negative perceptions. These perceptions portray organisational actors’ beliefs, which induced them to criticise broader institutional forces such as business associations and chamber of commerce for not emphasising developing robust systems for SMEs. They believe that agents at these broader institutional levels concentrate on enjoying power, due to which they do not focus on developing systems for SMEs. Due to criticism of these institutions, firms have initiated the development of MACS. Firms emphasised internal institutions such as values of trust, respect, care, and professionalism to facilitate discussions between organisational actors, which developed situated rationality. Organisational actors showed their rationality or logic based on situations that led to the development of MACS. In articulating situated rationality, organisational actors revealed their experience rationality to streamline the development and utilisation of MACS. Using MACS in daily routines also facilitated the development of new controls in firms, revealing a recursive relationship. This process also fostered team learning as a human action or agency, leading to the development of collective dynamic capabilities and other capabilities. These developments in capabilities, in turn, enhance the economic sustainability of SMEs. In conclusion, this study has addressed the evolving field of investigation of the perception, development, and usage of MACS in addressing the economic sustainability of manufacturing SMEs in Pakistan. It made a theoretical contribution by using an extended Burns and Scapens framework and dynamic capabilities theory to look at the role of MACS in the economic sustainability of SMEs. However, this study has limitations, such as only focusing on manufacturing SMEs and their economic sustainability. Future studies can focus on the social and environmental sustainability of SMEs. Dissertations, Academic Sila masukkan subject wajib Dissertations, Academic. Terima kasih... Thesis |
| spellingShingle | 2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan |
| state | Terengganu |
| subject | Managerial accounting – Pakistan Accounting control Small business – Finance – Pakistan Manufacturing industries – Pakistan – Economic aspects Performance measurement (Accounting) Dissertations, Academic |
| summary | The adoption and implementation of management accounting and control systems (MACS) by small and medium-sized enterprises (SMEs) have been motivated by the recognition of the significance of these systems in addressing economic sustainability concerns. The implementation of such systems can augment the value proposition of organisations and enhance their chances of survival. SMEs that operate within the manufacturing sector in Pakistan encounter economic sustainability obstacles that directly affect their operational continuity. These firms are susceptible to a significant risk of failure, which could impede their ability to function at an optimal level. The present study aims to explore the perception, development and usage processes of management accounting and control systems to address the economic sustainability concerns of SMEs. The present research utilised a qualitative case study design, drawing upon dynamic capabilities theory and an extended Burns and Scapens framework. Purposive sampling was used to select six case firms, from which nineteen semi-structured interviews were conducted. A two-tiered methodology for data analysis was used, consisting of a comprehensive examination of individual cases followed by comparative analysis across cases. Thematic analysis of each case firm was conducted to generate themes, while cross-case analysis was performed to compare representations of various themes. Furthermore, observational data and firms’ documents were analysed to corroborate the findings of the current research. The results indicated that organisational actors in SMEs have positive perceptions of deriving benefits from developing and using MACS, with some negative perceptions. These perceptions portray organisational actors’ beliefs, which induced them to criticise broader institutional forces such as business associations and chamber of commerce for not emphasising developing robust systems for SMEs. They believe that agents at these broader institutional levels concentrate on enjoying power, due to which they do not focus on developing systems for SMEs. Due to criticism of these institutions, firms have initiated the development of MACS. Firms emphasised internal institutions such as values of trust, respect, care, and professionalism to facilitate discussions between organisational actors, which developed situated rationality. Organisational actors showed their rationality or logic based on situations that led to the development of MACS. In articulating situated rationality, organisational actors revealed their experience rationality to streamline the development and utilisation of MACS. Using MACS in daily routines also facilitated the development of new controls in firms, revealing a recursive relationship. This process also fostered team learning as a human action or agency, leading to the development of collective dynamic capabilities and other capabilities. These developments in capabilities, in turn, enhance the economic sustainability of SMEs. In conclusion, this study has addressed the evolving field of investigation of the perception, development, and usage of MACS in addressing the economic sustainability of manufacturing SMEs in Pakistan. It made a theoretical contribution by using an extended Burns and Scapens framework and dynamic capabilities theory to look at the role of MACS in the economic sustainability of SMEs. However, this study has limitations, such as only focusing on manufacturing SMEs and their economic sustainability. Future studies can focus on the social and environmental sustainability of SMEs. |
| title | 2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan |
| title_full | 2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan |
| title_fullStr | 2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan |
| title_full_unstemmed | 2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan |
| title_short | 2024_Importance of Management Accounting and Control Systems for Improving The Economic Sustainability of Small and Medium-Sized Manufacturers in Pakistan |
| title_sort | 2024_importance of management accounting and control systems for improving the economic sustainability of small and medium-sized manufacturers in pakistan |