Effects of Strategic Cost Management on Cost Advantage and Firm Performance: Evidence from Firms to be Recognized in Good Manufacturing Practice (GMP)
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Abstract
The objective of this research was to test the impact of strategic cost management on Cost Advantage and Firm Performance. In addition, Top Management Support to be a moderator. The data was collected from 104 firms to be Recognized in Good Manufacturing Practice (GMP). The accounting executive was the key informant. The questionnaire was the instrument. The statistics in this research were mean, percentage, standard deviation, and structural equation modeling analysis.
The results show that Strategic Cost Management has statistically significant positive impacts on Cost advantage and Firm performance. In addition, Top Management Support to be a moderator of the relationship between Cost Management and Cost Advantage. Therefore, management should focus on strategic cost management to generate cost advantage and good firm performance.
Article Details
The articles published in the journals are the authors' opinions, not the opinion of the editorial team or administrative staff. The articles published is copyright of the Journal of Business Administration and Accounting, Khon Kaen University.
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