Corporate Governance on Strategic Management Accounting, Innovation Research Interchange Sustainability Maturity Model and Its Impact on Organizational Culture
Author(s)
Download Full PDF Pages: 20-41 | Views: 817 | Downloads: 270 | DOI: 10.5281/zenodo.3510042
Abstract
This study is aiming at examining the influence of Corporate Governance (CG) on Strategic Management Accounting (SMA), IRI Sustainability Maturity Model and its impact on Organizational Culture. This study analyzes how CG influences SMA, how CG influences Sustainability Maturity Model, how SMA influences IRI Sustainability Maturity Model and the impact of IRI Sustainability Maturity Model to Organizational Culture. CG is represented by the dimensions of Independent Directors, Independent Board of Commissioners, Board of Directors and Audit Committee. SMA is represented by the Costing, Strategic Planning, Control and Performance Management, Budgeting, Strategic Decision Making, Competitor Accounting and Customer Accounting dimensions. IRI Sustainability Maturity Model is represented by dimensions of strategy and design tools while Organizational Culture is represented by Goals Achievements, Self Actualization and Humane Awards.
This study applies a mixed-method with Structural Equation Modeling (SEM) data analysis techniques. This study also uses 1 (one) to 6 (six) Likert scale measure. The data used is primary data which gained from 137 respondents of 175 distributed samples. The result of the study shows that only the independent board of commissioners and board of directors as part of CG have an effect on SMA and IRI Sustainability Maturity Model. All dimensions of SMA affect the IRI Sustainability Maturity Model and all dimensions of the IRI Sustainability Maturity Model influence the Organizational Culture. Since this study only focuses on manufacturing companies, the results cannot be considered representing non-manufacturing companies. Independent directors and audit committees from the samples tend to be not playing an optimal role as agents of corporate governance. The author is unable to obtain further supporting data because of the policies in terms of company confidentiality.
For companies, they must tighten the selection of independent commissioners, independent directors and audit committees by examining each candidate’s backgrounds and education, work experience and expertise. In addition, the board of directors must also give trust to independent directors and audit committees to be able to carry out their role as agents of governance in accordance with Circular Letter of the Indonesia Stock Exchange No. SE-00001/BEI/02-2014. For the government, it is better to incorporate the elements of education, work experience and expertise into regulations for those who will become stakeholders, especially independent board of commissioners, independent directors and audit committees.
If previous research emphasized on whether CG influences SMA and on how CG relates to sustainability in terms of financial statements, this study shows that IRI Sustainability Maturity Model as an intervening variable is able to show that it directly or indirectly affects Corporate Governance and Strategic Management Accounting and Organizational Culture.
Keywords
Corporate Governance, Strategic Management Accounting, IRI Sustainability Maturity Model and Organizational Culture
References
i. Agung, A.M., Lilik. (2007). Budaya Perusahaan ke Budaya Kerja, dalam buku Corporate Culture, Challenge to Excellence. Jakarta: PT. Elex Media Komputindo.
ii. Agwu ME. 2018.” Analysis of the Impact of Strategic Management on the Business Performance of SMEs in Nigeria” Academy of strategic management journal Vol: 17 Issue: 1
iii. Ahmad, M., Anjum, T., & Azeem, M. (2014). Investigating the Impact of Corporate Governance on Earning Management in the Presense of Firm Size; Evidence from Pakistan. International Interdisciplinary Research Journal, 3(2): 89-90.
iv. Alqatamin, R.M. (2018). Audit Committee Effectiveness and Company Performance: Evidence from Jordan. Accounting and Finance Research, 7(2): 48-60.
v. Alsoboa, S. (2015). Practices of Competitor Accounting and Its Influence on the Competitive Advantages: An Empirical Study in Jordanian Manufacturing Companies. Global Journal of Management and Business Research: Accounting and Auditing, 15(3): 1-13.
vi. Alsoboa, S., Al-Ghazzawi, A., & Joudeh, A. (2015). The Impact of Strategic Costing Techniques on the Performance of Jordanian Listed Manufacturing Companies. Research Journal of Finance and Accounting, 6(10): 116-127.
vii. Angelia, V., & Rusiti, C.H. (2014). Penyusunan Penganggaran Operasional Sebagai Alat Perencanaan dan Pengendalian Pada Home Industry “Jogjacart”. e-Journal Universitas Atma Jaya Yogjakarta, 1-15.
viii. Akhtar, Shamshad. (2006). Syariah Compliant Corporate Governance. Keynote address by the governor of the State Bank of Pakistan at the annual Corporate Governance Conference, Dubai, United Arab Emirates.
ix. Akicho, J.O., Oloko, M., & Kihoro, J.M. (2016). Influence of Leadership Charater and Risk Management as Forms of Governance Practices on Performance in Kenya’s Public Sector: A Survey of Selected National Government Ministries. European Journal of Business Management, 5(1): 43-64.
x. Albino, V., Balice, A., Dangelico, R. M., and Iacobone, F. A. (2012). The effect of the adoption of environmental strategies on green product development: A study of companies on world sustainability indices .International Journal of Management 29 (2): 525-538 .
xi. Amabile , T.M ( 1983). “The Social Psychology of Creativity: A Componential Conceptualization” Journal of Personality and Social Psychology, 45: 357- 376
xii. Amabile, T. (1996). “Assessing the Work Environment for Creativity”: Academy of Management Journal, 39(5), 1154-1184.
xiii. Amabile, T. M. (1998). “How to kill creativity”: Harvard Business Review, September/October, 77-87
xiv. Almatari, Y.A., Al-Swidi, A.K., Fadzil, F.H., & Al-Matari, E.M. (2012). Board of Directors, Audit Committee Characteristics and Performance of Saudi Arabia Listed Companies. International Review of Management and Marketing, 2(4): 241-251.
xv. Alnasser, S.A.S., & Muhammed, J. (2012). Introduction to Corporate Governance from Islamic Perspective. Humanomics, 28(3): 220-231.
xvi. Aquilera, R., Florackis, C., & Kim, H. (2016). Advancing the Corporate Governance, Research Agenda. Corporate Governance: An International Review, 24(3): 172-180.
xvii. Appelbaum, S.H., Calcagno, R., Magarelli, S.M., & Saliba, M. (2016). A Relationship Between Corporate Sustainability and Organizational Change. Industrial and Commercial Training, 48(3): 133-141.
xviii. Arunruangsirilert, T., & Chonglerttham, S. (2017). Effect of Corporate Governance Characteristics on Strategic Management Accounting in Thailand. Asian Review of Accounting, 25(1): 85-105.
xix. Babafemi, I.D. (2015). Corporate Strategy, Planning and Performance Evaluation: A Survey of Literature. Journal of Management Policies and Practices, 3(1): 43-49.
xx. Barter, N. (2011). Stakeholder Theory: Pictures, the Environment and Sustainable Development – do We Have a Good Enough Picture in Our Heads or Do We Need Something Different? Asia Pacific Work In Progress Research Papers Series, 4: 1-17.
xxi. Bassiouny, S.W. (2016). The Impact of Firm Characteristics on Earnings Management: An Empirical Study on the Listed Firms in Egypt. Journal of Business and Retail Management Research (JBRMR), 10(3): 34-45.
xxii. Baydoun, N., Maguire, W., Ryan, N., & Willett, R. (2014). Corporate Governance in Five Arabian Gulf Countries. Managerial Auditing Journal, 28(1): 7-22.
xxiii. Berdufi, N., and Dushi, D. (2015). Social Contract and the Governments Legitimacy. Mediterranean Journal of Social Sciences, 6(6): 392-398.
xxiv. Berger, P.D., Bolton, R.N., Bowman, D., Briggs, E., Kumar, V., Parasuraman, A., & Terry, C.(2002). Marketing actions and the value of customer assets: A framework forcustomer asset management. Journal of Service Research,5: 39–54.
xxv. Bodroastuti, T. (2009). Pengaruh Struktur Corporate Governance terhadap Financial Distress. E-Journal Widya Manggala, 16(32): 1-15.
xxvi. Boeva, B., & Stoychev, I. Corporate Governance and the Sustainable Development. European Journal of Economics and Business Studies, 3(1): 45-55.
xxvii. Bolton, R.N., Lemon, K.N., & Verhoef, P.C. (2004). The theoretical underpinnings ofcustomer asset management: A framework and propositions for future research. Journal of the Academy of Marketing Science,32: 271–292.
xxviii. Brey, C., and Haavaldsen, M. (2014). Exploring the Relationship Between Sustainability Disclosure, Financial Performance and Initial Public Offerings. Master’s Thesis, MSc International Business, Copenhagen Business School.
xxix. Cadez, S. and Guilding, C. (2012). Strategy, strategic management accounting and performance: a configurational analysis.Industrial Management & Data Systems, 112(3): 484-501.
xxx. Chenhall, R.H. and Langfield-Smith, K. (2003). Performance measurement and reward systems, trust, and strategic change.Journal of Management Accounting Research, 15(1): 117.
xxxi. Cynthia. (2015). PengaruhStrategi Costing Sebagai Strategic Management Accounting Techniques terhadap Competitive Advantage dan Organizational Performance. Business Accounting Review, 3(1): 1-27.
xxxii. Choudry, M.A., & Hoque, M.Z. (2006). Corporate Governance in Islamic Perspective. Corporate Governance, 6(2): 116-128.
xxxiii. Dalton, D., Ellstrand, & Johnson. (1998). Meta-analytic reviews of Board Composition, Leadership Structure and Financial Performance. Strategic Management Journal, (19): 269–290.
xxxiv. Donaldson, L., & Davis, J.H. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder Retuns. Research Article, 16(1): 342-364.
xxxv. Dudovskiy, J. (2017). Samsung Organizational Culture: Seniority-Oriented Culture That Needs to Change. Sumber: https://research-methodology.net/samsung-organizational-culture-seniority-oriented-culture-needs-change/.
xxxvi. Eccles, R.G., Ioannou, I., & Serafeim, G. (2011). The Impact of a Corporate Culture of Sustainability on Corporate Behavior and Performance. Working Paper, 12(35): 1-56.
xxxvii. Galpin, T., Whittington, J.L., & Bell, G. (2014). Is Your Sustainability Strategy Sustainable? Creating a Culture of Sustainability. Corpoate Governance, 15(1): 1-17.
xxxviii. Geroski, P., and S. Machin. 1992. Do Innovating Firms Out perform Non-Innovators?. Business Strategy Review 3 (2):79-90
xxxix. Geroski, P. A., and S. Toker. 1996. The turnover of market leaders in UK manufacturing industry, 1979-86. International Journal of Industrial Organization14 (2):141-158
xl. Ghozali, I. (2016). Aplikasi Analisis Multivariate dengan Program IBM SPSS 21. Semarang: Badan Penerbit Universitas Diponegoro.
xli. Goh, S., & Richards, G. (1997). Benchmarking the Learning Capability of Organizations. European Management Journal, 15(5): 575-583.
xlii. Gomez, J.M., Lagos, D., & Betancourt, G.G. (2017). Effect of the Board of Directors on Firm Performance. International Journal of Economic Research, 14(6): 349-361.
xliii. Guilding, C. (1999). Competitor-focused accounting: an exploratory note.Accounting, Organizations and Society, 24(7): 583-595.
xliv. Guo, L., Smallman, C., & Radford, J. (2013). A Critique of Corporate Governance in China. International Journal of Law and Management, 55(4): 257-272.
xlv. Haider, N., Khan, N., & Iqbal, N. (2015). Impact of Corporate Governance on Firm Financial Performance in Islamic Financial Institution. International Letters of Social and Humanistic Sciences, 51: 106-110.
xlvi. Haneas , K. , Arthur , D. , Balagopal , B. , Kong , M. T. , Reeves , M., Velken , I. , Hopkins , M. S. , and Kruschwitz , N. (2011). Sustainability: The “embracers” seize advantage. MIT Sloan, Management Review, 1-13.
xlvii. Harmoni, A. (2013). Stakeholder-Based Analysis of Sustainability Report: A Case Study on Mining Companies in Indonesia, International Conference Eurasian Economies, 204-210.
xlviii. Haryanto, Y.P. (2015). Pengaruh Hubungan Corporate Governance terhadap Kinerja Keuangan. Diponegoro Journal of Accounting, 4(2): 1-15.
xlix. Heralova, R.S. (2017). Life Cycle Costing as An Important Contribution to Feasibility Study in Construction Projects. Procedia Engineering, 196: 565-570.
l. Hermawan, A.A. (2011). The Influence of Effective Board of Commissioners and Audit Committee on the Informativeness of Earnings: Evidence from Indonesia Listed Firms. Asia Pacific Journal of Accounting and Finance, 2(1): 1-38.
li. Honggowati, S., Rahmawati, R., Aryani, Y.A., & Probohudono, A.N. (2017). Corporate Governance and Strategic Management Accounting Disclosure. Indonesian Journal of Sustainability Accounting and Management, 1(1): 23-30.
lii. Huillier, B.M. (2014). What Does “Corporate Governance” Actually Mean? Corporate Governance, 14(3): 300-319.
liii. Husin, M.A., & Ibrahim, M.D. (2016). The Role of Accounting Services and Impact on Small Medium Enterprises (SMEs) Performance in Manufacturing Sector from East Coast Region of Malaysia: A Conceptual Paper. Procedia-Social and Behaviour Sciences, 115: 54-67.
liv. Hynds, E.J., Brand, V., Burek, S., Jager, W., Knox, P., Parker, J.P., Schwartz, L., Taylor, J., & Zeitlow, M. (2014). A Maturity Model for Sustainability in New Product Development. Research Technology Management, 50-57.
lv. IFAC. (2018). Enterprise Governance: Getting the Balance Right, International Federation of Accountants. Australia: Sydney.
lvi. Ikechukwu A. (2016). The Use of Strategic Management Accounting Techniques (SMATs) in Sustainability Performance Measurement for Corporate Governance in Nigeria. International Journal of Academic Research in Accounting, Finance and Management Sciences, 6(3): 262–271.
lvii. ISO 14051. (2011). Environmental Management-Material Flow Cost Accounting-General Framework. Sumber: https://www.iso.org/standard/50986.html.
lviii. Jakobsen, M. (2012). Intra-organizational Management Accounting for Inter-Organizational Control during Negotiation Processes. Qualitative Research in Accounting & Management, 9(2): 96-122.
lix. Jensen, M.C., & Meckling, W.H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4): 305-360.
lx. Joshi & Li. (2016). What is Corporate Sustainability and How Do Firms Practice It? A Management Accounting Research Perspective. Journal of Management Accounting Research, 28(2): 1-11.
lxi. Kalalo, R.E. (2013). Customer Relationship Management dan Kualitas Pelayanan Pengaruhnya terhadap Loyalitas Konsumen PT. Matahari Dept. Store, Manado. Jurnal EMBA, 1(4): 1553-1561.
lxii. Kartika, V., Budiharto, Mahmudah, S. (2017). Tanggungjawab Direksi Dalam Hal Terjadi Transaksi Afiliasi Yang Mengandung Benturan Kepentingan Pada Kasus PT. Sumalindo Lestari Jaya Tbk. Diponegoro Law Journal, 6(2): 1-20.
lxiii. Kementerian Perindustrian Republik Indonesia. (2015). Laporan Kinerja Kementerian Perindustrian 2015. http://www.kemenperin.go.id/download/10591/Laporan-Kinerja-Kementerian-Perindustrian-Tahun-2015.
lxiv. Ketschau, T.J. (2015). Social Justice as a Link Between Sustainability and Educational Sciences. Open Access Sustainability Journal, 7: 1-18.
lxv. Khan, M.M. and Jain, P.K. (2010). Management Accounting: Text, Problems and Causes. New Delhi: McGraw-Hill.
a. Kim et al. Journal of Open Innovation: Technology, Market, and Complexity (2016) 2:5
lxvi. Kosnik, R.D. (1990). Effects of Board Demography and Directors’ Incentive on Corporate Greenmail Decision. Academy of Management Journal, 33(1): 129–150.
lxvii. Krause & Semadeni. (2013). Apprentice, Departure, and Demotion: An Examination of the Three Types of CEO-Board Chair Separation. Academy of Management Journal, 56(3): 1-15.
lxviii. Kreitner, R., & Kinicki, A. (2014). Organizational Behavioral Ed. 5. Boston: McGraw-Hill.
lxix. Kristisana, Y., Suhadak, & Dwiatmanto. (2014). Analisis Biaya Standar Untuk Mendukung Efisiensi Biaya Produksi Perusahaan. Jurnal Administrasi Bisnis, 13(2): 1-8.
lxx. Kuntjoroadi, W., & Safitri, N. (2009). Analisis Strategi Bersaing dalam Persaingan Usaha Penerbangan Komersial. Jurnal Ilmu Administrasi dan Organisasi, 16(1): 45-52.
lxxi. Lahindah, L. (2015). Proses Pengambilan Keputusan Strategik Pada Usaha Kecil Menengah: Sebuah Kajian Literatur. Finance & Accounting Journal, 04(01): 153-172.
lxxii. Larker, D.F., & Tayan, B. (2016). Chairman and CEO: The Controversy Over Board Leadership Structure. Standford Closer Look Series, 1-11.
lxxiii. Lawrence, S., Collins, E.& Roper, J. (2013). Expanding responsibilities of corporate governance: The incorporation of CSR and sustainability. Indian Journal of Corporate Governance, 6(1): 49-63.
lxxiv. Lewis, G. (2016). In-Depth: Independent Board Chairman. 1-5.
lxxv. Li, W., Xu, Y., Niu, J., & Qiu, A. (2012). A Survey of Corporate Governance: International Trends and China’s Mode. Nankai Business Review, 3(1): 4-30.
lxxvi. Linnenluecke, M., & Griffiths, A. (2010). Corporate Sustainability and Organizational Culture. Journal of World Business, 45: 357-366.
lxxvii. Liu, Y.S., Zhou, X., Yang, J.H., & Hoepner, A.G.F. (2016). Corporate Carbon Emission and Financial Performance: Does Carbon Disclosure Mediate the Relationship in the UK?.Discussion Paper, 03: 1-42.
lxxviii. Lukas, S., & Basuki, B. (2015). The Implementqation of Good Corporate Governance and Its Impact on the Financial Performance of Banking Industry Listed in IDX. The International Journal of Accounting and Business Society, 23(1): 47-72.
lxxix. M.A.Musa et.,all, (2008) "Corporate governance and innovative leaders", Social Responsibility Journal, Vol. 4 Issue: 1/2, pp.34-40
lxxx. Mahar, M., & Andersson, T. (2008) Corporate Governance: Effects on Firm Performance and Economic Growth. Contemporary Accounting Research, 25: 351-405.
lxxxi. Majeed, S., Aziz, T., Saleem, S.(2015). The effect of corporate governance elements on corporate social responsibility (CSR) disclosure: An empirical evidence from listed companies at KSE Pakistan. Int. J. Finance, 3: 530–556.
lxxxii. Majeed A., Al-Maryani, H., Sadi, H.H. (2012). Strategic Management Accounting Techniques in Romanian Companies: Some Survey Evidence. Procedia Economics and Finance, 3: 387 – 396
lxxxiii. Makhrus, M. (2011). Pengaruh Komite Audit terhadap Kinerja Perusahaan Melalui Manajemen Laba Sebagai Variabel Intervening. Jurnal Akuntasi dan Keuangan Islam, 53-77.
lxxxiv. Mangkunegara, A.P. (2014). Sumber Daya Manusia Perusahaan. Bandung: Remaja Rosdakarya.
lxxxv. Manyika, J., Sinclair, J., Dobbs, R., Strube, G., Rassey, L., Mischke, J., Remes, J., Roxburgh, C., George, K., O’Halloran, D., & Ramaswamy, S. (2012). Manufacturing the future: The next era of global growth and innovation. McKinsey Operation Practice. Sumber: https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Operations/Our%20Insights/The%20future%20of%20manufacturing/MGI_Manufacturing%20the%20future_Executive%20summary_Nov%202012.ashx.
lxxxvi. Marota, M., Marimin, M., & Sasongko, H. (2015). Perancangan dan Penerapan Material Flow Cost Accounting untuk Peningkatan Keberlanjutan Perusahaan PT Xyz. Jurnal Manajemen dan Agribisnis, 12(2): 92-105.
a. Mason, G., K. Bishop, and C. Robinson. 2009. Business Growth and Innovation: The wider impact of rapidly-growing firms in UK city-regions, edited by NESTA. London.
lxxxvii. Masrukhin dan Waridin. (2006). Pengaruh Motivasi, Kepuasan, Budaya Organisasi dan Kepemimpinan terhadap Kinerja Pegawai. Jurnal Ekonomi dan Bisnis, 7(2): 1-21.
lxxxviii. Michael, B., & Goo, S.H. (2015). Corporate Governance and Its Reform in Hong Kong: A Study in Comparative Corporate Governance. Corporate Governance, 15(4): 444-475.
lxxxix. Midiastuty, P.P., dan Machfoedz, M. (2003). Analisis Hubungan Mekanisme Corporate Governance dan Indikasi Manajemen Laba. Simposium Nasional Akuntansi VI, pp. 1-21.
xc. Muller, V.O. (2014). The Impact of Board Composition on the Financial Performance of FTSE 100 Constituents. 2nd World Conference On Business, Economics and Management, Procedia-Social and Behavioral Sciences, 109: 969-975.
xci. Natasha, P., & Devie. (2013). Analisa Pengaruh Strategic Planning Terhadap Keunggulan Bersaing dan Kinerja Perusahaan. Business Accounting Review, 1(2): 185-196.
xcii. Negulescu, N., & Doval, E. (2014). The Quality Of Decision Making Process Related to Organizations effectivenes. Procedia Economics and Finance 15: 858-863.
a. Nixon, B., & Burns, J. (2012). The paradox of strategic management accounting. Management Accounting Research, 23, 229-244
xciii. Nuhu, M.S., Umaru, S.Y., & Salisu, S. (2017). The Effect of Audit Committee’s Quality on the Financial Performance of Food and Beverages Industry in Nigeria. International Journal of Business and Management Invention, 6(9): 32-40.
xciv. Obioma, B.K., Uchenna, N., & Alexanda, K.O.U. (2015). The Effect of Industrial Development on Economic Growth (An Empirical Evidence in Nigeria 1973-2013). European Journal of Business and Social Sciences, 4(2): 127-140.
xcv. Parente, T.C., & Filho, C.A.P.M. (2016). Corporate Social Responsibility: Perceptions of Directors in Brazil. Management Research Review, 39(11): 1472-1493.
xcvi. Parminter, T.G., Wilson, J.A. (2003). Strategies to encourage adoption: a case study of New Zealand farmers. ISSN 0370-2731. Pp:66-68.
xcvii. Peterlin et. al (2015). Strategic Decision Making For Organizational Sustainability: The Implications Of Servant Leadership and Sutainable leadership Approaches. Economic and Business Review, 17(3): 27-37.
xcviii. Pesamaa, O., Klaesson, J., & Haahti, A. (2008). Board of Directors and Its Effect on Performance: The Case of Gnosjo Region in Sweden. Innovative Marketing, 4(4): 77-85.
xcix. Popesko, B., Novak, P., Dvorsky, J., & Papadaki, S. (2017). The Maturity of a Budgeting System and Its Influence on Corporate Performance. Acta Polytechnica Hunggarica, 14(7): 91-104.
c. Pratama, A.N., Suhadak & Topowijono. (2012). Pengaruh Penerapan Good Corporate Governance terhadap Kinerja Keuangan. Jurnal Administrasi Bisnis, (2): 1-6.
ci. Putra, B.P.D. (2015). Pengaruh Dewan Komisaris, Proporsi Komisaris Independen, terhadap Kinerja Perusahaan. Jurnal Manajemen Teori dan Terapan, 8(2): 70-85.
cii. Ratnatunga, J. and Alam, M. (2011). Strategic governance and management accounting: evidence from a case study.Abacus: A Journal of Accounting, Finance and Business Studies, 47(3): 343-382.
ciii. Rifai, B. (2009). Peran Komisaris Independen dalam Mewujudkan Good Corporate Governance di Perusahaan Publik. Jurnal hukum, 3(16): 396-412.
civ. Risa. (2014). Pengaruh Partisipasi Penyusunan Anggaran dan Komitmen Organisasi Terhadap Senjangan Anggaran. JRAK, 5(2): 1-20.
cv. Robbins, SP., & Judge. (2015). Perilaku Organisasi. Jakarta: Salemba Empat.
cvi. Roslender, R. and Hart, S.J. (2002). Integrating management accounting and marketing in the pursuit of competitive advantage: the case for strategic management accounting.Critical Perspectives on Accounting. 13(2): 255-277.
cvii. Sabbaghi, O. (2016). Corporate Governance in China: A Review. Corporate Governance, 16(5): 866-882.
cviii. Sarens, G., & Merendino, A. (2016). Multiple Agency Theory in Corporate Governance: An Alternative Lens to Study Independent commissioner. Louvain School of Management Research Institut, 1-30.
cix. Sandalgaard, N., & Bukh, P.N. (2014). Beyond Budgeting and Change: A Case Study. Journal of Accounting & Organizational Change, 10(3): 409-423.
cx. Schiller, S. (2010). Management Accounting in A Learning Environment. Journal of Accounting & Organizational Change, 6(1): 123-148.
cxi. Seal, W. (2006). Management accounting and corporate governance: an institutional interpretation of the agency problem.Management Accounting Research, 17(4): 389-408.
cxii. Shah, H., Malik, A. & Malik, M.S. (2011). Strategic management accounting – a messiah for management accounting.Australian Journal of Business and Management Research, 1(4): 1-7.
cxiii. Shareia, B.F. (2015). Theories of Development. International Journal of Language and Linguistics, 2(1): 78-90.
cxiv. Smith, S.S. (2017). Strategic Management Accounting – A Strategic Role for Accountancy. International Journal of Business and Social Science, 8(2): 4-15.
cxv. Smith, S.S. (2014). Integrated Reporting, Corporate Governance and the Future of the Accounting Function. International Journal of Business and Social Science, 5(10): 58-63.
cxvi. Srivastava et al.,2018) "Corporate governance: mapping the change", International Journal of Law and Management, Vol. 60 Issue: 1, pp.19-33
cxvii. Sugiyono. (2016). Metodologi Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
cxviii. Swastika, D.L.T. (2013). Corporate Governance, Firm Size, and Earning Management: Evidence in Indonesia Stock Exchange. IOSR Journal of Business and Management, 10(4): 77-82.
cxix. Tandiharjo, A.H., & Devie. (2015). Pengaruh Competitor Accounting Sebagai Strategic Management Accounting Techniques terhadap Competitive Advantage and Organizational Performance. Business Accounting Review, 3(1): 168-179.
cxx. Tapinos, E., Dyson, R.G., & Meadows, M. (2005). The Impact of Performance Measurement in Strategic Planning. International Journal of Productivity and Performance Management, 54(5/6): 370-384.
cxxi. Tatarusanu, M., & Onea, A.N. (2016). Organizational Culture and Values for Corporate Sustainability. Growth Oriented Sustainable Enterpreneurship Journal, 700-707.
cxxii. Topak, M.S. (2011). The Effect of Board Size on Firm Performance: Evidence from Turkey. Middle Eastern Finance and Economics, 14: 119-127.
cxxiii. Tuan, L.T. (2014). Corporate Governance and Brand Performance. Management Research Review, 37(1): 45-68.
cxxiv. Tuomela, T.-S. (2005). The interplay of different levers of control: a case study of introducing a new performance measurement system.Management Accounting Research, 16(3): 293-320.
cxxv. Tayles, M., Bramley, A., Adshead, N., & Farr, J. (2002). Dealing with the management of intellectual capital: The potential role of strategic management accounting. Accounting, Auditing & Accountability Journal, 15, 251-267.
cxxvi. Tayles, M., Pike, R.H., & Sofian, S. (2007). Intellectual capital, management accounting practices and corporate performance: Perceptions of managers. Accounting, Auditing & Accountability Journal, 20, 522- 548
cxxvii. Ussahawanitchakit, P. (2017). Customer Accounting as a Valuable Approach of Strategic Management Accounting: Evidence from Hotel Business in Thailand. E-Journal of Mahasarakham Business School, 1-21.
cxxviii. Wickramasinghe, D. and Alawattage, C. (2007). Management Accounting Change: Approaches and Perspectives/Danture Wickramasinghe and Chandana Alawattage. New York: Routledge.
cxxix. Widyati, M.F. (2013). Pengaruh Dewan Direksi, Komisaris Independen, Komite Audit, Kepemilikan Manajerial dan Kepemilikan Institusional terhadap Kinerja Keuangan. Jurnal Ilmu Manajemen, 1(1): 234-249.
cxxx. Wijayanti, S., & Mutmainah, S. (2012). Pengaruh Penerapan Corporate Governance terhadap Kinerja Keuangan Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia 2009. Journal Of Accounting, 1(1): 3-17.
cxxxi. Wijethilake, C., Ekanayake, A., & Perere, S. (2015). Board Involvement in Corporate Performance: Evidence from a Developing Country. Journal of Accounting in Emerging Economies, 5(3): 250-268.
cxxxii. Wilson, R.M.S. (2013). Strategic management accounting, in David Ashton, T.H. and Scapens, R.W. (Eds), Issues in Management Accounting, 2nd ed., Chapter 8. London: Prentice Hall, London, 159-190.
cxxxiii. Woodman, R. W., Sawyer, J. E & Griffin, R. W. (1993). Toward a theory of organizational creativity. Academy of Management Review, 18: 293 321
cxxxiv. Yasuda, T. 2005. “Firm Growth, Size, Age and Behavior in Japanese Manufacturing” : Small Business Economics 24,:1-15”
cxxxv. Yu, M. (2011). Analyst Recommedations and Corporate Governance in Emerging Markets. International Journal of Accounting and Information Management, 19(1): 34-52.
cxxxvi. Zahra, S.A., & Pearce, J.A. (1989). Boards of directors and corporate financial performance: A review and integrative model. J. Manag, (15): 291–334.
cxxxvii. Zhang, P. (2010). Board Information and Strategic Tasks Performance. Corporate Governance, An International Review, 18(5): 473-487
Cite this Article: