World-class manufacturing, management accountants' cross-functional participation, and firm performance
Journal
Asia-Pacific Journal of Accounting and Economics
Journal Volume
21
Journal Issue
3
Pages
262-283
Date Issued
2014
Author(s)
Abstract
This study examines whether management accountants' extent of cross-functional participation increases with their firms' world-class manufacturing (WCM) implementation and how such participation affects financial and nonfinancial firm performance. Results from applying structural equations modeling (SEM) to archival and survey data from 209 listed firms in Taiwan indicate that management accountants' cross-functional participation increases with their firms' use of WCM, and that both WCM and management accountants' cross-functional participation have positive links to firm performance, with the latter also partially mediating WCM's performance effect. These results suggest that management accountants are responsive to the demands of their firms' manufacturing practices and that this participation not only helps to enhance the benefits of WCM, but also firm performance in other ways. © 2013 City University of Hong Kong and National Taiwan University.
SDGs
Type
journal article