The Macrotheme Review A multidisciplinary journal of global macro trends The attributes of stakeholders regarding accounting for oil and gas upstream activities in Libya

Abstract The stakeholders of the financial statements information of oil and gas operating companies in Libya are different from developed countries such as the UK and the US. For instance, investors in developed market economies are one of the significant stakeholders of the financial statements information which help them in deciding how to invest their money . However, in Libya international oil and gas companies (IOCs) and national oil and gas companies (NOCs) do not have investors, because they are not listed in the Libyan Stock Market (LSM) (which was established in 2006). This is because NOCs are owned by the government and IOCs do not have shares in the LSE. Therefore, the difference in stakeholders due to the deference in their attributes (power, legitimacy and urgency). The research has sought to find out attributes of Libyan stakeholders regarding accounting for oil and gas upstream activities i

Performance Measurement System Design, Competitive Capability, and Performance Consequences - A Conceptual Like

The recently days business environment requires management accounting information to provide relevant measures of performance, and reflect the strategic goals of a modern firms. The performance measurement system (PMS) developed as strategic orientation aimed at providing information to enhance the firm’s strategic goals. It is interesting to introduce the PMS design which is externally and future oriented to overcome the weakness of traditional PMS and for strategic outcomes. Apparent gaps seem to be attributed to its various conceptualizations resulted from fragmented efforts on the development PMS. Furthermore, inherited by the scarcity of empirical studies, evidence had been exploratory and little is known about PMS design and its effects on strategic outcomes. The impact of PMS design on the performance is sparse significantly. In terms of essential characterization PMS, that might help to explain how the system has beneficial direct effects on firm's outcomes and indirect through the firm’s competitiveness. Thus, based on in-depth review on existing literature on the PMS, this paper develops a proposed theoretical framework. Specifically, the objectives of this paper are three folds; Firstly, it attempts to unravel the various perspectives and define PMS design and suggest on how it might be further developed. Secondly, employing contingency theory as its underpinning theory this paper posits firm’s competitiveness as Intervening variable to explain the relationship. Finally, its possible performance are put forth to legitimize the development as an important remedial to the traditional performance measurement system in aiding firm's long –term survival

Performance measurement information system and competitive capabilities in relation towards organizational performance

The aim of this study is to examine the role of a Performance Measurement Information System (PMIS) in improvement of organisational performance via competitive capabilities. This study focuses on Performance Measurement System (PMS) design which is defined as an information system with dimensions of information characteristics, and from Strategic Management Accounting (SMA). Prior studies have examined the effects of Performance Measurement Systems (PMSs) by looking into the measures of structure and design of a PMS or the usage of a PMS. However, there is a scarcity of empirical evidence regarding the effects of a PMS on organisational performance. This study extends the previous research by examining the impact of a PMIS on organisational performance through the support of competitive capabilities. The conceptual model of this study is based on Chenhall's (2003) study suggesting an appropriate design of PMIS supports business strategies, taking into consideration factors such as the external environment, technology, organisational structure, and size of the company, and Otley’s (1980) contingency theory framework highlighting three variables known as environmental, organisational characteristics and competitive capabilities. This study investigates the mediating effect of competitive capabilities in the relationship between a PMIS and organisational performance. The main research question addressed by this study is whether a PMIS enhances organisational performance directly and indirectly through the support of the competitive capabilities.A total of 651 questionnaires were sent to companies listed in the Federation of Malaysian Manufacturing Directory (FMM, 2011). The number of usable questionnaires was 118 responses, yielding an 18 % response rate. Based on multiple regression analysis, the results indicate that a PMIS is positively related to competitive capabilities. The results also reveal that the relationship between a PMIS and organisational performance is direct and indirect through its ability to enhance competitive capabilities. The findings contribute to the body of the knowledge by identifying the important role of PMIS from an information system and an information characteristic's perspective underlying the contingency theory. Overall, this study demonstrated the importance of a PMIS as an information system which can be used to enhance competitive capabilities and organisational performance

Performance measurement system design, competitive capability and performance consequences – a conceptual Like

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