|Journal of Contemporary Issues in Business Research ISSN 2305-8277|
Author(s): Paul Eisenberg 1
Abstract: The purpose of this paper is the discussion of non-financial performance measures that can be adopted in the management accounting function of business organisations. The study is important because it shows how organisational focus on non-financial measures can substantially enhance profitability, albeit being subject to cost constraints. To begin with, the evolution of management accounting research over the last three decades is presented. The development in the academia is then contrasted with the management accounting techniques used in practice. Among different techniques available, the Budgeting technique and the Activity Based Costing (ABC) technique are assessed from the view-point of decision making and non-financial measures. The focus of the argument is on the suitability of non-financial measures on the evaluation of profitability through customer relationships. Enterprise Resource Planning (ERP) and the Balanced Scorecard (BSc) are identified and evaluated as instruments to include non-financial measures. Furthermore, the application of non-financial measures taken into consideration in management performance evaluation and management promoting decisions is discussed. Managerial focus on promoting measures can be promotion-driven and thus short-term oriented. This threat should be kept in mind when implementing non-financial measures in management accounting systems.
Keywords: Budgeting; Activity Based Costing; Enterprise Resource Planning; Balanced Scorecard; Performance Measurement; Customer Relationships; Management Promotion.
- University of Derby, United Kingdom 1
Author(s): Umar Saeed,1 Abid Rasheed2 and Dania Zubair3
Abstract: This study examines the impact of sectoral-level terrorism (i.e. terrorist attacks on business sector; defense sector; NGOs, educational and religious institutions; citizens and property; political parties; government general and diplomatic; media and telecommunication sector; and public transportation sector) on stock market using the daily time series data, over the period of sixteen years from January 2000 to December 2015. Our finding affirm that financial markets are sensitive to terrorist shocks and therefore, terrorist attacks have negative impact on stock market. Whereas, some sectors are more sensitive to reaction of terrorist attacks and some are less. Results revealed that defense is most sensitive sector. Contrary, public transportation is less sensitive sector. Therefore, concerned authorities should take terrorism activities on a serious note to make the country financially and economically more strong. Implications and future research areas are discussed.
Keywords: Stock Returns; Sectora-level Terrorism; Terrorist Attacks; KSE 100 Index.
- University of Central Punjab1,2,&3
- University of West London2