Management Accounting Practices Before and During Economic crisis: Evidence from Greece

Advances in Accounting, Vol.31, No1., pp. 1540-164, 2015

Posted: 29 May 2019

See all articles by Odysseas Pavlatos

Odysseas Pavlatos

University of Macedonia - Accounting and Finance

Xara Kostakis

affiliation not provided to SSRN

Date Written: May 4, 2015

Abstract

Purpose of this study is to investigate the impact of the Greek economic crisis in management accounting practices in the Greek industry and to examine shifts in trends in different accounting techniques' panels in usage and importance before (2008) and during (2013) the country's economic crisis. Empirical data were collected from 301 firms belonging to various Greek industries, which fully completed and returned a structured questionnaire regarding the perceived importance and actual usage of various management accounting techniques for these two periods. Sixty-two techniques were incorporated in the survey and were further subdivided into 5 panels: (a) cost accounting, (b) planning–budgeting, (c) decision support systems, (d) performance evaluation, and (e) strategic analysis. Factor analysis was employed to summarize and reduce the 62 variables into fewer factors for both surveys. The survey revealed that the importance and the usage of ABC systems, planning, strategy, and SMA techniques increased during the crisis, while at the same time the level of importance and usage of traditional cost accounting techniques was decreased. Budgeting techniques are still widely used.

Keywords: Economic crisis, management accounting

Suggested Citation

Pavlatos, Odysseas and Kostakis, Xara, Management Accounting Practices Before and During Economic crisis: Evidence from Greece (May 4, 2015). Advances in Accounting, Vol.31, No1., pp. 1540-164, 2015, Available at SSRN: https://ssrn.com/abstract=3382770

Odysseas Pavlatos (Contact Author)

University of Macedonia - Accounting and Finance ( email )

156 Egnatia Str.
Thessaloniki, 54006
Greece

Xara Kostakis

affiliation not provided to SSRN

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