Main Article Content

Linh Quang Huynh
Anh Thi Thuy Duong
Thuy Thi Thanh Nguyen
Phuc Thi Nguyen
An Thi My Nguyen
Lien Hong Co


On the one hand, the adoption of managerial accounting in business is determined by corporate governance; on the other hand, it is also dependent on business environment and firm characteristic. Nonetheless, so far the causal relationships from corporate governance, business environment and firm characteristic to the adoption of managerial accounting in business  have not been empirically explored in Vietnam. This research is conducted to investigate the simultaneous effects of corporate governance, business environment and firm characteristic on the adoption of managerial accounting in business. This study employs  reliability analysis, exploratory factor analysis and regression analysis to deal with the data. The findings indicate that, corporate governance, business environment and firm characteristic concurrently affect the adoption of managerial accounting in business.


Download data is not yet available.

Article Details

How to Cite
Huynh L, Duong A, Nguyen T, Nguyen P, Nguyen A, Co L. EFFECTS OF CORPORATE GOVERNANCE, BUSINESS ENVIRONMENT AND FIRM CHARACTERISTIC ON THE ADOPTION OF MANAGERIAL ACCOUNTING. journal [Internet]. 19Jun.2019 [cited 1Oct.2023];7(25):1-. Available from: https://journal.tvu.edu.vn/index.php/journal/article/view/113


[1] Nhâm Phong Tuân, Nguyễn Anh Tuấn. Quản trị công
ty: Vấn đề đại diện của các công ty đại chúng Việt
Nam. Journal of Science - VNU (Chuyên san kinh tế
và kinh doanh). 2013;29(1):1–10.
[2] Chenhall R H, Langfield Smith K. The relationship
between strategic priorities, management techniques
and managent accounting: An empirical investigation
using a system approach. Accounting, Organizations
and Society. 1998;23(3):243–264.
[3] Phùng Lệ Thủy. Bàn về việc áp dụng kế toán quản trị
chi phí trong các doanh nghiệp nhỏ và vừa ở việt nam.
Tạp chí Nghiên cứu Khoa học Kiểm Toán. 2013;.
[4] Huynh Q L. The Mutual Relationship Between
Corporate Governance and Management Accounting:
Which Occurs First? American Journal of Applied
Sciences. 2015;12(6):403–410.
[5] Ibadin P O, Imoisili O. Organization Contexts and
Management Accounting System Design: Empirical
Evidence from Nigeria. International Journal of
Current Research. 2010;10(1):64–73.
[6] Nitaya W, Isada K, Sirirat R, Worachatr C. Factors
Affecting Adoption of GL Module of Oracle and SAP
Accounting Programs, Thammasat Business Journal.
Journal of Business Administration. 2010;10:38–52.
[7] Doan N P A, Nguyen D T, , Mia L. Western management accounting practices in Vietnamese enterprises:
Adoption and perceived benefits. Pacific Accounting
Review. 2011;23(2):142 – 164.
[8] Sulaiman M B, N ANN, Alwi N. Management
accounting practices in selected Asian countries: A
Review of the Literature. Managerial Auditing Journal. 2004;19(4):493–508.
[9] Ajibolade S O, Arowomole S S A, Ojikutu R K.
Management accounting systems, perceived environmental uncertainty and companies’ performance in
Nigeria. International Journal of Academic Research.
[10] Kaplan R S. Measuring manufacturing performance:
a new challenge for managerial accounting research.
The Accounting Review. 1983;58(4):686–705.
[11] Lucas M. Standard costing and its role in today
manufacturing environment. Management Accounting: Magazine for Chartered Management Account.
[12] Mayer F. Corporate Governance, Competition, and
Performance, in Enterprise and Community: New Directions in Corporate Governance. Deakin S, Hughes
A, editors. Oxford, UK: Blackwell Publishers; 1997.
[13] Cadbury A. The Cadbury Committee Reports: Financial Aspects of Corporate Governance. London:
Burgess Science Press; 1992.
[14] Cassell C, Giroux G A, Myers L A, Omer T C.
The effect of corporate governance on auditorclient realignments. Auditing J Practice Theory.
[15] Salvato C, Melin L. Creating value across generations
in family-controlled businesses: The role of family
social capital, Family Bus. Rev. 2008;21(1):259–275.
[16] Cromie S, Stephenson B, Monteith D. The management of family firms: An empirical investigation, Int.
Small Bus J. 1995;13(1):11–34.
[17] Christine D BFD, Christine M. Corporate governance
and management accounting in family firms: does
generation matter. International Journal of Business
Research. 2011;11(1):29–38.
[18] Agrawal A, Chadha S. Corporate governance
and accounting scandals, J. Law Economics.
[19] Duncan R B. Characteristics of Organizational Environments and Perceived Environmental Uncertainty.
Administrative Science Quarterly. 1972;17(3):313–
[20] Miles R E, Snow C C, Meyer A D, Coleman H J.
Organizational Strategy, Structure, and Process. The
Academy of Management Review. 1978;3(3):546–
[21] Miller K D. Industry and country effects on
managers’ perceptions of environmental uncertainties. Journal of International Business Studies.
[22] Gordon L A, Miller D. A contingency framework for
the design of accounting information systems. Accounting, Organizations and Society. 1976;1(1):59–
[23] Galbraith J R. Designing Complex Organizations.
USA: MA: Addison-Wesley; 1973.
[24] Waterhouse J, Tiessen P. A contingency framework
for management accounting system. Accounting Organization and Society. 1978;3(1):65–76.
[25] Fisher J. Contingency-based research on management
control systems: categorization by level of complexity. Journal of Accounting Literature. 1995;14:24–53.
[26] Horngren C T. Cost accounting: A managerial
emphasis. 5th ed. Prentice-Hall, USA: New Jersey;
[27] Hayes D C. Contingency Theory of Management
Accounting. The Accounting Review. 1977;52(1):22–
[28] Haldma T, Laats K. Contingencies influencing the
management accounting practices of Estonian manufacturing companies. Management Accounting Research. 2002;13(1):379–400.
[29] Rogers E M. Diffusion of Innovations. 4th ed. New
York: Free Press; 1995.
[30] Breen J, Sciulli N, Calvert C. The Use of Computerised Accounting Systems in Small Business. 16th
Annual Conference of Small Enterprise Association
of Australia and New Zealand. 2003;.
[31] Sankaran S, Kouzmin A. Diffusion of Knowledge
Management Systems: Mission Definitely Possible,
Emerald Group Publishing. Free Press; 2005.
[32] Wierenga B, Ophuis P A M O. Marketing decision support systems: Adoption, use, and satisfaction. International Journal of Research in Marketing.
[33] Chenhall R H, Morris D. The Impact of Structure,
Environment, an Interdependence on the Perceived
Usefulness of Management Accounting Systems. The
Accounting Review. 1986;61:16–35.
[34] Chen X D, Fu L S. IT adoption in manufacturing
industries: differences by company size and industrial
sectors: The case of Chinese mechanical industries.
Technovation. 2001;21:649–660.
[35] Mellahi K, Eyuboglu F. Critical factors for successful
total quality management implementation in Turkey:
Evidence from the banking sector. Total Quality
Management. 2001;12(6):745–756.
[36] Warwood S, Roberts P. A Survey of TQM Success
Factors in the UK. Total Quality Management &
Business Excellence. 2004;15(8):1109–1117.
[37] Al-Omiri M, Drury C. A Survey of factors influencing the choice of product costing systems in UK
organizations. Management Accounting Research.
[38] Abdel-Kader M G, Luther R G. The impact of firm
characteristics on management accounting practices:
A UK-based empirical analysis. British Accounting
Review. 2008;40(1):2–27.
[39] Masrek M N. Determinants of Strategic Utilization
of Information Systems: A Conceptual Framework.
Journal of Software. 2009;4(6):591–598.
[40] Hoàng Trọng, Chu Nguyễn Mộng Ngọc. Phân tích
dữ liệu nghiên cứu với SPSS. Hà Nội: Nhà xuất bản
Hồng Đức; 2008.
[41] Nghị định số 56/2009/NĐ-CP. Nghị định của Chính
phủ về trợ giúp phát triển DNNVV. Hà Nội; 2009.
[42] Hair J F, Black W C, Babin B J, Anderson R E,
Tatham R L. Multivariate Data Analysis, Ed. New Jersey; 2010.
[43] Kennedy P. A Guide to Econometrics. 3rd ed.
Cambridge, MA, USA: MIT Press; 1992.