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Modern Cost Management Innovation and Firm Performance: An Empirical Investigation of Electronics and Electrical Manufacturing Businesses in Thailand |
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| รหัสดีโอไอ | |
| Creator | Kriengkrai Namnai, Phaprukbaramee Ussahawanitchakit, Suparak Janjarasjit |
| Title | Modern Cost Management Innovation and Firm Performance: An Empirical Investigation of Electronics and Electrical Manufacturing Businesses in Thailand |
| Publisher | AJMI |
| Publication Year | 2559 |
| Journal Title | ASEAN Journal of Management & Innovation |
| Journal Vol. | 3 |
| Journal No. | 2 |
| Page no. | 38-49 |
| Keyword | Modern cost management innovation, value chain cost focus, strategic cost relationship concern, competitive-based cost emphasis, value-added cost orientation, resource-sharing cost concentration, cost utilization, operational effectiveness, business excel |
| ISSN | 2351-0307 |
| Abstract | This study attempted to integrate the key components of modern cost management innovation using a new model. The objectives of this study were to examine the effects of modern cost management innovation on firm performance. The effects of independent dimensions of modern cost management innovation were examined, including: value chain cost focus, strategic cost relationship concern, competitive-based cost emphasis, value-added cost orientation and resource-sharing cost concentration. Dependent measures in terms of effect on electronics and electrical manufacturing businesses in Thailand included: cost utilization, operational effectiveness, business excellence, goal decision-making achievement and firm performance. A questionnaire was utilized for data collection and 334 accounting executives of electronics and electrical firms were sampled. Competitive-based cost emphasis and resource-sharing cost concentration had strong, significant positive correlations with all performance outcomes. Furthermore, cost utilization had a significant positive correlation with operational effectiveness, business excellence and cost utilization. Furthermore, operational effectiveness and business excellence had significant positive correlations with goal decision-making achievement and firm performance. The findings supported the new model, and implications and recommendations for future research were examined. |
