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Diffusion of Management Accounting Practices in Gulf Cooperation Council Countries *
Author(s) -
JOSHI PREM LAL,
BREMSER WAYNE G.,
DESHMUKH ASHUTOSH,
KUMAR RAJESH
Publication year - 2011
Publication title -
accounting perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.238
H-Index - 17
eISSN - 1911-3838
pISSN - 1911-382X
DOI - 10.1111/j.1911-3838.2011.00018.x
Subject(s) - convergence (economics) , accounting , management accounting , business , cost accounting , politics , power (physics) , economics , political science , economic growth , physics , quantum mechanics , law
This study examines how management accounting practices (MAPs) have been adopted and diffused by publicly listed firms in the Gulf Cooperation Council (GCC) countries. The results of our survey show that the adoption rates for MAPs in the area of cost management and strategy are low while those in the area of performance measurement are moderate. Overall, the respondents favorably perceived their success in implementing MAPs. Power and politics, not economic (or cost–benefit) reasons, were considered to be the most influential reasons for nonadoption of MAPs. The results provide partial support to the view that there is a global convergence of management accounting system designs and ideas and also indicate that the role of cultural differences is diminishing over time.