FACTORS INFLUENCING THE ADOPTION OF MANAGEMENT ACCOUNTING IN VIETNAMESE CONSTRUCTION FIRMS

Lam Thi Hoang Hoanh; Pham Nhat Tuan; Yan-Jie Yang

Authors

Lam Thi Hoang Hoanh Faculty of Accounting, Ton Duc Thang University, Vietnam
Pham Nhat Tuan PhD Student, College of Management, Yuan Ze University, Taiwan
Yan-Jie Yang College of Management, Yuan Ze University, Taiwan

Keywords:

construction firms, firm size, management accounting, ordinary least squares method, Vietnam

Abstract

The widespread reliance on management accounting globally aims to provide crucial insights to corporate executives, assist informed decision-making, and boost overall business operations. However, the application of management accounting principles differs in the
Vietnamese industry sector. The objective of this study was to explore the impact of various factors on the usage of management accounting in Vietnamese construction firms. The Ordinary Least Squares (OLS) method was used to analyze data collected from a random survey of 212 firms. The findings revealed that company size, culture, and competitiveness significantly affect the adoption of management accounting in Vietnamese construction firms at levels of 0.08, 0.52, and 0.01, respectively. The study underscores the
importance of promoting the adoption of management accounting practices to ensure the longterm growth and development of firms operating in the Vietnamese construction industry.