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The adoption of western management accounting practices in China and the influences of foreign partnered joint ventures

Wu, Junjie (2003) The adoption of western management accounting practices in China and the influences of foreign partnered joint ventures. Doctoral thesis, University of Huddersfield.

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    Abstract

    As an attempt to investigate the adoption, future emphasis and benefits derived from
    traditional and contemporary western-orientated management accounting practices in
    Chinese organisations, in particular, in state-owned enterprises and foreign joint
    ventures located in China, this empirical study was modeled on a similar study
    undertaken in Australia (Chenhall and Langfield-Smith 1998). It obtained structured
    information and carried out a comparison between a western capitalist developed
    country and an eastern socialist developing country (China), which is moving towards
    a market economy. The effectiveness of the adoption of management accounting
    practices is influenced by complex contextual factors. Based on cultural, economic,
    institutional, organisational and innovation theory frameworks established in the
    research literature, the study therefore explored a wider range of environmental
    factors which determined the extent to which state-owned enterprises and foreign
    joint ventures have employed management accounting practices, Thus, the role which
    joint ventures have played in the diffusion of management accounting practices in
    China has consequently been evaluated.

    A cross-sectional survey involving a postal questionnaire method of data collection
    was adopted. A total of 179 usable responses were received representing a response
    rate of 19%. The study also conducted some interviews.

    The results of this research indicated that management accounting practices in
    Chinese organisations have made considerable progress in recent years compared to
    previous Chinese studies (He 1997; Lin and Wu 1998; Qiao 1997). However, there is
    a lower usage of management accounting practices by comparison with western
    countries. A number of environmental factors such as external authorities, social
    services, advanced production and management techniques, long-standing
    traditional practices, the attitude of the leadership, the quality of the accounting
    personnel have influenced the adoption of management accounting practices in stateowned
    enterprises and joint ventures. This study also confirmed that joint ventures
    have played an important role in the diffusion of management accounting practices in
    China because they have in general higher adoption rates and place greater emphasis
    on recently developed, strategically focused, market oriented and investment appraisal
    techniques than state-owned enterprises. In addition, the research has reinforced some
    support for the findings from previous studies (Chenhall and Langfield-Smith 1998;
    Firth 1996; O'Connor et al. forthcoming). The study also provided some evidence
    supporting institutional isomorphism theory; for example, joint ventures have adjusted
    the management accounting systems and practices to suit the Chinese management
    context.

    The distinguishing feature of this study is that it incorporates an empirical
    investigation and an exploratory study in order to provide new knowledge relating to
    the adoption of western practices. of management accounting in China and the
    influence of foreign joint ventures. However, as with other studies, it has a number of
    limitations that need to be overcome in the future. Also future research directions are
    highlighted.

    Item Type: Thesis (Doctoral)
    Additional Information: EThOS Persistent ID uk.bl.ethos.288504
    Uncontrolled Keywords: Management accounting, Management, Finance, Taxation
    Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
    Schools: The Business School
    Depositing User: Graham Stone
    Date Deposited: 29 Jun 2009 16:41
    Last Modified: 28 Jul 2010 19:38
    URI: http://eprints.hud.ac.uk/id/eprint/4838

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