WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 21, 2024
The Role of Strategic Management Accounting Techniques in the Improvement of A Company’s Financial Performance: The Case of low-cost Airlines
Authors: , ,
Abstract: This article presents a unique exploration of the role of Strategic Management Accounting techniques in supporting decision-making. This perspective has not been extensively studied in the context of low-cost airlines. This accounting branch is characterized by providing external, financial, non-financial, long-term, and forward-looking information, expanding the informational framework for strategic management and decision-making. The methodology relies on the application questionnaires and the financial performance analysis of fifteen low-cost airlines in America and Europe. Structural equation models were applied to test the relationships among the variables. The results evidence that the strategic management accounting techniques that positively and significantly affect the financial performance of the analyzed low-cost airlines are the ones related to the group of costing and strategic decision-making.
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Keywords: strategic management accounting, strategic management accounting techniques, management accounting, decision making, low-cost airlines, structural equation models
Pages: 2190-2202
DOI: 10.37394/23207.2024.21.180