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Developing a Framework to Study the Impact of Contingent Factors on Business Performance Using Strategic Cost Management: A Meta-Analysis Study

Developing a Framework to Study the Impact of Contingent Factors on Business Performance Using Strategic Cost Management: A Meta-Analysis Study

Tanvi Verma, Rashmi Aggarwal
Copyright: © 2021 |Pages: 27
ISBN13: 9781799872313|ISBN10: 1799872319|EISBN13: 9781799872337
DOI: 10.4018/978-1-7998-7231-3.ch016
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MLA

Verma, Tanvi, and Rashmi Aggarwal. "Developing a Framework to Study the Impact of Contingent Factors on Business Performance Using Strategic Cost Management: A Meta-Analysis Study." Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing, edited by Amandeep Singh, IGI Global, 2021, pp. 227-253. https://doi.org/10.4018/978-1-7998-7231-3.ch016

APA

Verma, T. & Aggarwal, R. (2021). Developing a Framework to Study the Impact of Contingent Factors on Business Performance Using Strategic Cost Management: A Meta-Analysis Study. In A. Singh (Ed.), Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing (pp. 227-253). IGI Global. https://doi.org/10.4018/978-1-7998-7231-3.ch016

Chicago

Verma, Tanvi, and Rashmi Aggarwal. "Developing a Framework to Study the Impact of Contingent Factors on Business Performance Using Strategic Cost Management: A Meta-Analysis Study." In Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing, edited by Amandeep Singh, 227-253. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-7231-3.ch016

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Abstract

In the present scenario, cost and management accounting techniques have proved their effectiveness in decision making as they provide value creation. Therefore, the need for transforming traditional cost and management accounting to strategic cost management has been recognized. Manufacturing or service industries continuously seek to achieve business performance with the help of strategic cost management using contingency theory. This chapter provides a semi-systematic review of the articles and research papers examining major themes found in the literature focusing on the impact of various factors that are contingent in nature on the business performance through usage of strategic cost management. Systematic analysis of literature identified numerous relevant articles and research papers in eminent journals. The results indicated that there exists an interrelationship among variables, and the finding supports the central proposition of contingency theory where business performance increases with the usage of strategic cost management and contingent factors.

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