A Model of Contextual Factors of Strategic Management Accounting in Listed Companies
Keywords:
Productivity, Strategic Management Accounting, Strategic Management Accounting Contextual FactorsAbstract
This study aims to design and explain a model of contextual factors of strategic management accounting and examine its role in enhancing competitive advantage and productivity in companies listed on the Tehran Stock Exchange. This research employed a mixed-methods (qualitative–quantitative) approach. In the qualitative phase, 16 academic experts and senior financial managers were selected through purposive and snowball sampling and interviewed using semi-structured protocols to identify key factors. In the quantitative phase, a structured questionnaire was used to validate indicators through the Content Validity Ratio (CVR). Interpretive Structural Modeling (ISM) and MICMAC analysis were then applied to examine relationships among variables and determine their hierarchical structure and influence levels . The results identified six key drivers: economic and business environment, information technology, organizational culture, human resource management, performance management, and business models. ISM results indicated that the economic environment has the highest driving power and occupies the top hierarchical level, while productivity is positioned as the most dependent variable at the final level. MICMAC analysis further revealed that contextual factors are primarily influential drivers, significantly shaping competitive advantage and productivity outcomes. The findings suggest that successful implementation of strategic management accounting requires simultaneous attention to technological infrastructure, human capital, and organizational culture. The synergy among these contextual factors strengthens sustainable competitive advantage and enhances productivity, providing a practical roadmap for strategic financial decision-making in turbulent economic environments.
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Copyright (c) 2025 Maryiam Radfarnia (Author); Behnam Gilani Neay Som’e Sarayi (Corresponding author); Mahmoud Samadi Lorgani, Mohammad Reza Pourali (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
