Abstract
This study aimed to know the impact of management accounting systems on firm financial efficiency while considering the CEOs risk-taking propensity. The Data was collected with the help of a self-administered questionnaire-based survey from the manufacturing sector of India. Used purposive sampling technique to collect data from 338 respondents. Results have shown that the broad scope management accounting system and integrator’s impact is insignificant on firm financial efficiency. In contrast, the effects of timeline and aggregation are significant on firm financial efficiency. Simultaneously, the mediation of risk-taking propensity is significant in all the cases except for integrator and firm financial efficiency. The researcher has adopted the latest and useful tools and techniques for exploring the problem. This study is a valuable addition. It is practically inducing the higher management and CEOs to follow the high-risk and high return concept while implementing the organizations’ management accounting system. This study is also helpful for organisations that are willing to enhance financial efficiency by employing novel methods.
Highlights
There is no doubt that management accounting systems (MAS) have played an essential role in converting the organisations’ strategies and goals into their desired objectives
This study provide new insights to reveal the relationship between Management accounting system and CEO; s Risk taking propensity with the financial soundness and effectiveness of the business or firm
Quantitative method of research has been adopted for this research because the researcher was interested in conducting the research based on primary data and to focus on current situations of the manufacturing sector of India in terms of financial efficiency. Another aim of the researcher was to find out the impacts that broad scope MAS can have won the financial efficiency of the organizations in the manufacturing sector of India, so the researcher preferred to find out current situations of the sector, in order to recommend new forms and strategies that should be implemented for the purpose of enhancing the financial efficiency of the organizations positively and significantly
Summary
There is no doubt that management accounting systems (MAS) have played an essential role in converting the organisations’ strategies and goals into their desired objectives. This research has the aims to find out the impact of Broad scope MAS on Firm’s financial efficiency, to find out the impact of Timeline on Firm’s financial efficiency, to check out the impact of Aggregation on Firm’s financial efficiency, to assess the impact of Integrator on Firm’s financial efficiency and to find out the mediation of risk-taking propensity between Broad scope MAS, Timeline, Integrator, Aggregation and Firm’s financial efficiency
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