Effect of Value Chain Analysis and Activity-Based Costing on Performance of Uae Petroleum Firms
Sultan Alawadi1, Ibrahim Alrajawy2, Aimya Bhaumik3
1Sultan Alawadi, Department of Faculty of Business and Accountancy, Lincoln University College, Selangor, Malaysia.
2Ibrahim Alrajawy, Department of Faculty of Business and Accountancy, Lincoln University College, Selangor, Malaysia.
3Aimya Bhaumik, Department of Faculty of Business and Accountancy, Lincoln University College, Selangor, Malaysia.
Manuscript received on 20 June 2019 | Revised Manuscript received on 27 June 2019 | Manuscript Published on 22 June 2019 | PP: 500-508 | Volume-8 Issue-8S2 June 2019 | Retrieval Number: H10890688S219/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: There are growing agreement in the business today (especially, in the oil and gas or petroleum businesses), supported by increasing empirical evidences, regarding the potentially positive effects of value chain analysis, and activity-based costing on firms’ performance. The present study adopts quantitative research design in its quest to achieve a credible study. As such, questionnaire was developed and used to analysethe viewpoints of the respondents about the effects of strategic cost management in the UAE-based petroleum firms’ competitiveness. 200 usable responses were analysed using SPSS and PLS-SEM-VB was employed to study the effectiveness of the proposed model. Purposive sampling technique was adopted to gather the required quantitative data in which selection procedure which is used for choosing settings or groups that are professional on a specific area of study. The variance explained was 60% and both value chain analysis, and activity-based costing are found significant positive direct predictor of the performance of petroleum firms in the UAE.
Keywords: Value Chain Analysis, Activity-Based Costing, Performance; United Arab Emirates (UAE).
Scope of the Article: Analysis of Algorithms and Computational Complexity