Investigation of the relationship between contemporary cost management methods and improvement in financial performance

Mijoč, Josipa; Starčević, Dubravka Pekanov; Mijoč, Ivo

doi:10.1080/1331677x.2014.966970

Cited by 10 publications

(11 citation statements)

References 29 publications

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“…Examining the impact of CoQ on health outcomes (Elbireer et al, 2010), financial returns of quality investments (Abdul-Kader et al, 2010), each supplier and the supply chain network design (Alzaman et al, 2010), performance of companies (Al-Tmeemy et al, 2012;Mijoc et al, 2014;Pires et al, 2017), the effectiveness of continuing education for health professionals (Vukovic et al, 2015) and the quality levels of the endproduct (Chatzipetrou and Moschidis, 2016)…”

Section: Coq Effectsmentioning

confidence: 99%

Future research avenues of cost of quality: a systematic literature review

Dimitrantzou

Psomas

Vouzas

2020

TQM

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PurposeThe purpose of this paper is to identify the future research suggestions which have been made by several authors with regard to cost of quality (CoQ) and to group them into respective themes.Design/methodology/approachThis study was based on a systematic literature review (SLR) of 97 peer-reviewed journal articles in the field of CoQ published in well-known academic databases, such as Emerald, Elsevier, SpringerLink, Taylor & Francis, Wiley and Scopus. The time horizon for reviewing the literature was 9 years, particularly in the period between 2010 and 2018. The “Affinity diagram” was applied to group the future research suggestions into logical themes and the “Pareto diagram” to further categorize and prioritize these themes.FindingsA plethora of future research suggestions identified in the literature are analytically presented. Moreover, the analysis showed that the future research suggestions in the field of CoQ can be grouped under eleven meaningful themes, which are further categorized into two broad categories, meaning the vital and the useful.Research limitations/implicationsThis SLR was based on only fully accessed English articles published in international, peer-reviewed journals of the selected publishers. The restricted number of keywords used and the subjectivity in applying the “affinity diagram” are also limitations of this study.Practical implicationsThis paper provides insights into the future research perspectives in the field of CoQ. Thus, this analysis can serve as a resource for both researchers and practitioners to further develop this area according to the future research suggestions and the respective themes revealed.Originality/valueTo the best of the authors' knowledge, this is the first SLR presenting and analyzing the future research suggestions of CoQ.

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Section: Coq Effectsmentioning

confidence: 99%

Future research avenues of cost of quality: a systematic literature review

Dimitrantzou

Psomas

Vouzas

2020

TQM

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“…Many studies looked for the relationship between the use of ABC and firm performance have been accomplished (e.g. Innes et al, 2000;Kennedy and Affleck-Graves, 2001;Cagwin with Barker, 2006;Krumwiede and Charles, 2011;Hardan and Shatnawi, 2013;Mijoč et al, 2014;Ayedh et al, 2015 and others). The direct impact of ABC/M on company performance has been detected rarely.…”

Section: Abc/m In a Literature Review And Its Theoretical Basismentioning

confidence: 99%

The Expansion of Activity-Based Costing/Management in the Czech Republic

Pokorná

2016

CEJM

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This paper aims to investigate the expansion of an advanced management tool-Activitybased costing/management (ABC/M) among Czech companies and to map the level of its utilization. The empirical survey was carried out among 548 Czech medium-sized and large companies from various economic sectors. The expansion of ABC/M has grown to 22% in 2013 which is comparable to neighbouring countries, but companies still use a relatively simple ABC/M model. They use only a limited extent of ABC/M and do not exploit all its possibilities.

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“…CoQ can guide researchers to promising future research directions (Karg et al, 2011); raise questions for research (Mijoc et al, 2014); serve as a benchmark for future studies (Duarte et al, 2018) Role of the Government Government policymakers can foresee the severity and influence of CoQ in terms of the whole country (Beshah et al, 2017) and reform the accounting framework of a country based on the requirements of quality costing (Moschidis et al, 2018) Table 3.…”

Section: Future Research In Coqmentioning

confidence: 99%

Practical implications of cost of quality: a systematic literature review

Psomas

Dimitrantzou

Vouzas

2021

IJPPM

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PurposeThe present study focuses on the cost of quality (CoQ) based on which organizations can evaluate their quality-related activities in economic terms. The purpose of the study is to identify the CoQ practical implications as well as to group them into logical themes.Design/methodology/approachA systematic literature review (SLR) was conducted based on well-known academic publishers, such as Emerald Insight, Elsevier/ScienceDirect, SpringerLink, Taylor & Francis, Wiley and Scopus. Sixty-seven peer-reviewed journal articles in the field of CoQ were collected, which were published between 2010 and 2019. The “affinity diagram” was applied to group the practical implications identified into logical themes.FindingsA plethora of CoQ practical implications were identified and grouped into the following meaningful themes: benefits of CoQ measurement, effects of CoQ, business sectors measuring CoQ, factors influencing CoQ measurement, CoQ elements, future research in CoQ and the role of government.Research limitations/implicationsThe limited number of the publishers and keywords used to search for the articles of interest, as well as the subjectivity of grouping the large number of the practical implications into themes are the main limitations of the present study. These limitations constitute the basis upon which future literature review studies can be designed.Practical implicationsThe present study by presenting analytically and in summary (through the themes revealed) the CoQ practical implications, provides all the respective available literature in a single study for the benefit of practitioners and academics. Thus, clear and straightforward guidelines are given to practitioners with regard to CoQ issues and academics with regard to research topics of high interest.Originality/valueNo previous SLR study focusing on analyzing the practical implications of CoQ has been published so far.

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Investigation of the relationship between contemporary cost management methods and improvement in financial performance

Cited by 10 publications

References 29 publications

Future research avenues of cost of quality: a systematic literature review

Future research avenues of cost of quality: a systematic literature review

The Expansion of Activity-Based Costing/Management in the Czech Republic

Practical implications of cost of quality: a systematic literature review

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