IDEAS home Printed from https://ideas.repec.org/a/bjz/ajisjr/2141.html
   My bibliography  Save this article

The Business and Accounting Technology Innovation for Better Firm Performance: A Case of Malaysian Firms

Author

Listed:
  • Maher A. Al-Shmam
  • Hosam Alden Riyadh
  • Salsabila Aisyah Alfaiza

Abstract

Business and Accounting Technology innovation can play a significant role in enhancing economic growth and has the potential to bring about change and create opportunities for every business Within the introduction of a wide variety of new technologies during the fourth industrial revolution, therefore, this study aimed to evaluate the impact of business innovation, technology orientation and Accounting technological innovation capabilities on firm performance in the Malaysian firms. To achieve this objective 337 sample responses were collected from the business managers of Malaysian firms related to technology and innovation using the purposive sampling technique. Furthermore, this study has used explanatory purpose because of the reason that it gives effective and enhanced understanding PLS-SEM was employed for data analysis using Smart-PLS version 3.2.8. The results have shown that business innovation and technology orientation have a significantly positive effect on technology innovation capability while accounting technology innovation capability has a positive significant effect on firm performance. Implications are the Managers needs to be more aware regarding OI and TICs and how these two processes simultaneously can affect the firm performance. In addition, managers can easily use OI to develop their skills, methods, and innovation aspects. The managers are recommended to provide employees a creative environment and motivate employees to work in an open environment so that it can increase the accounting technological innovation capabilities.

Suggested Citation

  • Maher A. Al-Shmam & Hosam Alden Riyadh & Salsabila Aisyah Alfaiza, 2021. "The Business and Accounting Technology Innovation for Better Firm Performance: A Case of Malaysian Firms," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 10, November.
    • Handle: RePEc:bjz:ajisjr:2141
    DOI: https://doi.org/10.36941/ajis-2021-0153
    as

    Download full text from publisher

    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/12671
    Download Restriction: no
    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/12671/12271
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.36941/ajis-2021-0153?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ballot, Gérard & Fakhfakh, Fathi & Galia, Fabrice & Salter, Ammon, 2015. "The fateful triangle: Complementarities in performance between product, process and organizational innovation in France and the UK," Research Policy, Elsevier, vol. 44(1), pages 217-232.
    2. Ufuk Akcigit & William R. Kerr, 2018. "Growth through Heterogeneous Innovations," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1374-1443.
    3. Jantunen, Ari & Ellonen, Hanna-Kaisa & Johansson, Anette, 2012. "Beyond appearances – Do dynamic capabilities of innovative firms actually differ?," European Management Journal, Elsevier, vol. 30(2), pages 141-155.
    4. Koson Sapprasert & Tommy Høyvarde Clausen, 2012. "Organizational innovation and its effects," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 21(5), pages 1283-1305, October.
    5. Azar, Goudarz & Ciabuschi, Francesco, 2017. "Organizational innovation, technological innovation, and export performance: The effects of innovation radicalness and extensiveness," International Business Review, Elsevier, vol. 26(2), pages 324-336.
    6. Evangelista, Rinaldo & Vezzani, Antonio, 2010. "The economic impact of technological and organizational innovations. A firm-level analysis," Research Policy, Elsevier, vol. 39(10), pages 1253-1263, December.
    7. Gemünden, Hans Georg & Lehner, Patrick & Kock, Alexander, 2018. "The Project-oriented Organization and its Contribution to Innovation," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 92880, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    8. Quan Chen & Chun-Hsien Wang & Shi-Zheng Huang, 2020. "Effects of organizational innovation and technological innovation capabilities on firm performance: evidence from firms in China’s Pearl River Delta," Asia Pacific Business Review, Taylor & Francis Journals, vol. 26(1), pages 72-96, January.
    9. Kahn, Kenneth B., 2018. "Understanding innovation," Business Horizons, Elsevier, vol. 61(3), pages 453-460.
    10. Rizwan Ali & Gao Leifu & Ramiz-ur-Rehman, 2016. "The Impact Of Technology Orientation And Customer Orientation On Firm Performance: Evidence Form Chinese Firms," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 9(1), pages 1-11.
    11. Lee, Ryeowon & Lee, Jong-Ho & Garrett, Tony C., 2019. "Synergy effects of innovation on firm performance," Journal of Business Research, Elsevier, vol. 99(C), pages 507-515.
    12. Fariborz Damanpour & Kathryn A. Szabat & William M. Evan, 1989. "The Relationship Between Types Of Innovation And Organizational Performance," Journal of Management Studies, Wiley Blackwell, vol. 26(6), pages 587-602, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wei Lin & Wei-Jun Zhong & Chun-Hsien Su & Ping-Kuo Chen, 2020. "Are Pressuring Employees to Improve Organizational Innovation Still Working? An Empirical Analysis of Manufacturing Companies in China," SAGE Open, , vol. 10(4), pages 21582440209, October.
    2. Manuel Guisado-González & Len Tiu Wright & Manuel Guisado-Tato, 2017. "Product–process matrix and complementarity approach," The Journal of Technology Transfer, Springer, vol. 42(3), pages 441-459, June.
    3. Arranz, N. & Arroyabe, M.F. & Li, Jun & de Arroyabe, J.C. Fernandez, 2019. "An integrated model of organisational innovation and firm performance: Generation, persistence and complementarity," Journal of Business Research, Elsevier, vol. 105(C), pages 270-282.
    4. Tanja Todorovic & Nenad Medic & Milan Delic & Nikola Zivlak & Danijela Gracanin, 2022. "Performance Implications of Organizational and Technological Innovation: An Integrative Perspective," Sustainability, MDPI, vol. 14(5), pages 1-14, February.
    5. Chang, Yuan-Chieh & Chen, Min-Nan, 2016. "Service regime and innovation clusters: An empirical study from service firms in Taiwan," Research Policy, Elsevier, vol. 45(9), pages 1845-1857.
    6. Mohamed Ali Ben Halima & Nathalie Greenan & Joseph Lanfranchi, 2021. "Organisational changes and long-term sickness absence and injury leave: a difference in difference approach," TEPP Working Paper 2021-05, TEPP.
    7. Edeh, Jude Ndubuisi & Obodoechi, Divine Ndubuisi & Ramos-Hidalgo, Encarnación, 2020. "Effects of innovation strategies on export performance: New empirical evidence from developing market firms," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    8. Vasileiou, Efi & Georgantzis, Nikolaos & Attanasi, Giuseppe & Llerena, Patrick, 2022. "Green innovation and financial performance: A study on Italian firms," Research Policy, Elsevier, vol. 51(6).
    9. Brian Paul Cozzarin & Weonseek Kim & Bonwoo Koo, 2017. "Does organizational innovation moderate technical innovation directly or indirectly?," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(4), pages 385-403, May.
    10. Nuttaneeya (Ann) Torugsa & Wayne O’Donohue, 2019. "Managing Knowledge-Related Barriers To Technological Innovation Through Exploitative And Explorative Organisational Strategies," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-20, May.
    11. Ben Halima, Mohamed Ali & Greenan, Nathalie & Lanfranchi, Joseph, 2023. "Getting sick for profit? The impact of cumulative ICT and management changes on long term sickness absence," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 659-688.
    12. Khosravi, Pouria & Newton, Cameron & Rezvani, Azadeh, 2019. "Management innovation: A systematic review and meta-analysis of past decades of research," European Management Journal, Elsevier, vol. 37(6), pages 694-707.
    13. Dung Nguyen‐Van & Chia‐Hua Chang, 2021. "Internationalization and product innovation in ASEAN: The moderating role of organizational innovation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(2), pages 437-462, March.
    14. Zhelyu Vladimirov, 2021. "Mediating Role of Innovations as a Factor of Firm’s Competitiveness," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 407-429, September.
    15. Naciba Haned & Caroline Mothe & Thuc Uyen Nguyen-Thi, 2014. "Firm persistence in technological innovation: the relevance of organizational innovation," Post-Print halshs-01496526, HAL.
    16. Min, Yijie & Liao, Yi-Chuan & Chen, Zhijun, 2022. "The side effect of business group membership: How do business group isomorphic pressures affect organizational innovation in affiliated firms?," Journal of Business Research, Elsevier, vol. 141(C), pages 380-392.
    17. Naciba Haned & Caroline Mothe & Thuc Uyen Nguyen-Thi, 2014. "Firm persistence in technological innovation: the relevance of organizational innovation," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 23(5-6), pages 490-516, September.
    18. Hullova, Dusana & Trott, Paul & Simms, Christopher Don, 2016. "Uncovering the reciprocal complementarity between product and process innovation," Research Policy, Elsevier, vol. 45(5), pages 929-940.
    19. Hervas-Oliver, Jose-Luis & Sempere-Ripoll, Francisca, 2015. "Disentangling the influence of technological process and product innovations," Journal of Business Research, Elsevier, vol. 68(1), pages 109-118.
    20. Hullova, Dusana & Simms, Christopher Don & Trott, Paul & Laczko, Pavel, 2019. "Critical capabilities for effective management of complementarity between product and process innovation: Cases from the food and drink industry," Research Policy, Elsevier, vol. 48(1), pages 339-354.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjz:ajisjr:2141. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richtmann Publishing Ltd (email available below). General contact details of provider: https://www.richtmann.org/journal/index.php/ajis .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.