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Assessing the Effects of Innovative Management Accounting Tools on Performance and Sustainability

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  • Anca Antoaneta Vărzaru

    (Department of Economics, Accounting and International Business, University of Craiova, 200585 Craiova, Romania)

  • Claudiu George Bocean

    (Department of Management, Marketing and Business Administration, University of Craiova, 200585 Craiova, Romania)

  • Mădălina Giorgiana Mangra

    (Department of Finance, Banking and Economic Analysis, University of Craiova, 200585 Craiova, Romania)

  • Gabriel Ioan Mangra

    (Department of Theory and Methodology of Motor Activities, University of Craiova, 200585 Craiova, Romania)

Abstract

To cope with an increasingly competitive and turbulent environment caused by economic, health, and political crises, companies need to adopt innovative management accounting tools to meet challenges, increase economic performance and ensure organizational sustainability. This paper aims to study the impact of using innovative management accounting tools on companies’ performance and sustainable approaches. We investigate the influences among the variables involved in quantitative research based on a survey of 567 senior accountants of Romanian companies. The hypotheses formulated based on the literature were tested using structural equation modeling and artificial neural network analysis. The research results show that those companies that used more intensively innovative management accounting tools performed better and had more tools at their disposal to measure and manage a sustainable approach. Innovative management accounting tools provide more and better information and ways to improve organizational performance and the vector of sustainability to cope with the uncertainty produced by the economic crisis.

Suggested Citation

  • Anca Antoaneta Vărzaru & Claudiu George Bocean & Mădălina Giorgiana Mangra & Gabriel Ioan Mangra, 2022. "Assessing the Effects of Innovative Management Accounting Tools on Performance and Sustainability," Sustainability, MDPI, vol. 14(9), pages 1-16, May.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:9:p:5585-:d:809519
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    2. Said Yousef Dwikat & Darwina Arshad & Mohd Noor Mohd Shariff, 2022. "The Influence of Systematic Strategic Planning and Strategic Business Innovation on the Sustainable Performance of Manufacturing SMEs: The Case of Palestine," Sustainability, MDPI, vol. 14(20), pages 1-26, October.
    3. Francesca Sgr? & Federica Palazzi & Massimo Ciambotti, 2022. "Business continuity and planning effectiveness: An empirical analysis of Italian manufacturing SMEs," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2022(3), pages 89-108.
    4. IULIAN GEORGESCU & Simona Dumitriu & Ramona-Cristina Ghita & Silviu - Mihai Nitu-Granzulea, 2024. "Assessing The Mediation Effects Within The Relationship Among Organizational Culture, Government Policies, And Public Service Quality," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 161-168, April.
    5. Iulian Georgescu & Silviu - Mihai Nitu-Granzulea, 2024. "Assessing the Direct Influences Exerted by Organizational Culture and Government Policies on Strategic Human Resource Practices," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 442-451, August.
    6. Agus Joko Pramono & Suwarno & Firdaus Amyar & Renny Friska, 2023. "Exploring Technology Acceptance in Management Accounting Tools’ Adoption in Public Sector Accounting: A Sustainability Perspective for Organizations," Sustainability, MDPI, vol. 15(21), pages 1-17, October.

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