The Causal Relationship of Strategic Management Accounting Practices, Intellectual Capital Development and Firm Success
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Abstract
This research aims to investigate the causal relationships of strategic management
accounting practices on intellectual capital development and firm success. These relationships
were tested with data from 298 information and communication technology firms in Thailand. Data
were collected via questionnaires, and Structural Equation Modeling (SEM) was used to analyze
the data. The results showed that the causal relationship model fit to the empirical data was at
the acceptable level (χ2 = 116.086, p-value = 0.008, CFI = 0.989, IFI = 0.989, GFI = 0.951, RMSEA = 0.037).
The results also indicated that strategic management accounting practices had positive direct
effects on intellectual capital development, which had a positive direct effect on firm success
(b = 0.664, 0.298, respectively). Moreover, it showed that strategic management accounting practices
had an indirect effect on firm success through intellectual capital development (b = 0.226). Thus,
firms need to be aware of implementing five SMAPs: costing, performance measurement, strategic
decision-making, competitor accounting, and customer accounting to identify and understand how
intellectual capital works, and to measure and evaluate intellectual capital in diverse dimensions
in order to provide information needed for intellectual capital development which play a vital role
in maximizing value creation and result in good performance.
Article Details
ลิขสิทธิ์ของบทความ
ผลงานที่ได้รับการตีพิมพ์ถือเป็นลิขสิทธิ์ของมหาวิทยาลัยหอการค้าไทย ห้ามมิให้นำเนื้อหา ทัศนะ หรือข้อคิดเห็นใด ๆ ของผลงานไปทำซ้ำ ดัดแปลง หรือเผยแพร่ ไม่ว่าทั้งหมดหรือบางส่วนโดยไม่ได้รับอนุญาตเป็นลายลักษณ์อักษรจากมหาวิทยาลัยหอการค้าไทยก่อน
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