Title: Importance of management accounting in new technology-based firms in Sweden – analysis of environmental and strategic variables
Authors: Peter Lindelof, Hans Lofsten
Addresses: The University of Nottingham, Business School, Wollaton Road, Nottingham, NG8 1BB, UK. ' Department of Technology Management and Economics, Chalmers University of Technology, SE-412 96 Goteborg, Sweden
Abstract: The focus of this paper is on the importance of management accounting in small high-tech firms. The study uses data from a sample of 183 small New Technology-Based Firms (NTBFs) in Sweden, gathered from a postal questionnaire. There are a couple of environmental variables that have influenced new technology-based firms. We argue that, together with the strategic variables, they mainly determine the importance of management accounting practices in the firm. Previous research has identified technology as one of the most important factors. The structural model indicates no significant relationships between innovation and development orientation, and the importance of management accounting. Rather, there appears to be greater emphasis on dynamic hostility, price and cost hostility and aggressive competition that appear to be of particular importance to management accounting in new technology-based firms.
Keywords: management accounting; environmental variables; strategic variables; new technology-based firms; NTBFs; Sweden; high-tech firms; small firms; innovation.
International Journal of Business Environment, 2006 Vol.1 No.2, pp.137 - 161
Published online: 18 Aug 2006 *Full-text access for editors Access for subscribers Purchase this article Comment on this article