“…The development of performance measures, reflects the level of achievement of the organizational objectives and, consequently defining and selecting a list of relevant KPIs is important (Fotovatfard & Heravi, 2021). The KPIs provide a basis for understanding what is happening within a company and in its operations that provides managers with the information needed for improving performance, achieving organizational goals, and helping investors to evaluate management performance (Dorestani & Rezaee, 2011;Werner et al, 2021). Thus, a paradigm shift from traditional reporting on financial performance to a more complete set of measures has occurred because the traditional performance systems fail to identify CSFs in business consolidation (Chytas et al, 2011;Hoque, 2014;Manville et al, 2019;Rafiq et al, 2020).…”