Adiputra, I. M. P; Astawa, I. G. P. B; Werastuti, D. N. S; & Sinarwati, N. K. (2021, November). Management Accounting Innovations and Financial Performance: The Role of Economic Crisis Perceptions and Business Strategy. In 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021) (pp. 335-342). Atlantis Press.
Aktan, S. (2011). Early warning system for bankruptcy: Bankruptcy prediction (Doctoral dissertation, Karlsruhe Institute of Technology, KIT). Retrieved from
https:// doi d-nb.info/1019790032/34.
Alshumrani, S; Baird, K; & Munir, R. (2022). Management innovation: the influence of institutional pressures and the impact on competitive advantage. International Journal of Manpower, 43(5), 1204-1220.
Altman, E. I; Iwanicz-Drozdowska, M; Laitinen, E. K; & Suvas, A. (2015). Financial and non-financial variables as long-horizon predictors of bankruptcy. Available at SSRN 2669668.
Arkolakis, C; Ramondo, N; Rodríguez-Clare, A; & Yeaple, S. (2018). Innovation and production in the global economy. American Economic Review, 108(8), 2128-73.
Banagar, G; & Saeedi, A. (2017). Examining the cash flow pattern in financially distressed and healthy companies (Evidence from Tehran Stock Exchange). Tehran Stock Exchange, 38(10), 5-29. (In Persian)
Bhojraj, S. (2020). Stock compensation expense, cash flows, and inflated valuations. Review of Accounting Studies, 25(3), 1078-1097.
Bredart, X, (2014), “Financial Distress and Corporate Governance around Lehman Brothers Bankruptcy”, International Business Research, 7(5), PP. 1-8
Busco, C; Caglio, A; & Scapens, R. W. (2015). Management and accounting innovations: reflecting on what they are and why they are adopted. Journal of Management & Governance, 19, 495-524.
Caperchione, E; Cohen, S; Manes-Rossi, F; & Brusca, I. (2019). Innovations in public sector financial and management accounting—for better or worse? Public Money & Management, 39(1), 1-4.
Chao, R; Lipson, M; & Loutskina, E. (2012). Financial distress and risky innovation. Saint Mary’s College of California, Working paper.
Chen, S; & Yu, D. (2023). The impact of R&D effort on business model innovation: Evaluating chain mediation through collaboration breadth and depth. Plos one, 18(6), e0286715.
Chiaramonte, L; & Casu, B. (2017). Capital and liquidity ratios and financial distress. Evidence from the European banking industry. The British Accounting Review, 49(2), 138-161.
Demerjian, P; Lev, B; & McVay, S. (2012). Quantifying managerial ability: A new measure and validity tests. Management Science, 58(7), 1229-1248.
Fisher, T. C; & Martel, J. (2005). The irrelevance of direct bankruptcy costs to the firm's financial reorganization decision. Journal of Empirical Legal Studies, 2(1), 151-169.
Gerged, A. M; Yao, S; & Albitar, K. (2022). Board composition, ownership structure and financial distress: insights from UK FTSE 350. Corporate Governance: The International Journal of Business in Society, (ahead-of-print).
Guizani, M; & Abdalkrim, G. (2023). Does gender diversity on boards reduce the likelihood of financial distress? Evidence from Malaysia. Asia-Pacific Journal of Business Administration, 15(2), 287-306.
Habib, A; Costa, M. D; Huang, H. J; Bhuiyan, M. B. U; & Sun, L. (2020). Determinants and consequences of financial distress: review of the empirical literature. Accounting & Finance, 60, 1023-1075.
Haefner, N; Wincent, J; Parida, V; & Gassmann, O. (2021). Artificial intelligence and innovation management: A review, framework, and research agenda. Technological Forecasting and Social Change, 162, 120392.
Halbouni, S. S; & Nour, M. A. (2014). An empirical study of the drivers of management accounting innovation: a UAE perspective. International Journal of Managerial and Financial Accounting, 6(1), 60-86.
He, F; Ma, Y; & Zhang, X. (2020). How does economic policy uncertainty affect corporate Innovation? Evidence from China listed companies. International Review of Economics & Finance, 67(3), 225-239.
Hejaziyan, S, A; Mansourfar, Gh; Ghayour, F. (2024). Prediction of financial distressed based on the theory of rough sets compared to artificial neural networks. Journal of Securities Exchange, 17(66), 115-140. (In Persian)
Higgins, R; C. (2007). Analysis for financial management. McGraw-Hill Irwin, New York.
Hotchkiss, E. S; John, K; Mooradian, R. M; & Thorburn, K. S. (2008). Bankruptcy and the resolution of financial distress. Handbook of empirical corporate finance, 235-287.
Hsu, C. C; & Sandford, B. A. (2007). The Delphi technique: making sense of consensus. Practical Assessment, Research, and Evaluation, 12(1), 10.
Islam, M. N; Li, S; & Wheatley, C. M. (2023). Accounting comparability and financial distress. Review of Accounting and Finance, 22(3), 353-373.
Kannan, G; Haq, A. N; Sasikumar, P; & Arunachalam, S. (2008). Analysis and selection of green suppliers using interpretative structural modelling and analytic hierarchy process. International Journal of Management and Decision Making, 9(2), 163-182.
Kaplan, R. S. (1986). The role for empirical research in management accounting. Accounting, organizations and society, 11(4-5), 429-452.
Kondracki, N. L; Wellman, N. S; & Amundson, D. R. (2002). Content analysis: Review of methods and their applications in nutrition education. Journal of nutrition education and behavior, 34(4), 224-230.
Krause, T. A; & Tse, Y. (2016). Risk management and firm value: recent theory and evidence. International Journal of Accounting and information management, 24(1), 56-81.
Laitinen, E. K. (2005). Survival analysis and financial distress prediction: Finnish evidence. Review of Accounting and Finance. 4 (4), 76-90.
Latorre, V; Messeni Petruzzelli, A; Uva, A. E; Ranaudo, C; & Semisa, D. (2022). Unveiling the actual cost of Schizophrenia: An Activity‐Based Costing (ABC) approach. The International Journal of Health Planning and Management.
Lemonakis, C; Garefalakis, A; Giannarakis, G; Tabouratzi, E; & Zopounidis, C. (2017). Innovation and SMEs financial distress during the crisis period: The greek paradigm. In The Greek debt crisis (pp. 285-308). Palgrave Macmillan, Cham.
Li, T. (2020). Economic Policy Uncertainty and Enterprise Innovation: an Empirical Study Based on Chinese Listed Companies.
Li, Z; Ying, Q; Chen, Y; & Zhang, X. (2020). Managerial risk appetite and asymmetry cost behavior: evidence from China. Accounting & Finance. 60(5), 4651-4692.
Lin, B; & Zhang, A. (2023). Government subsidies, market competition and the TFP of new energy enterprises. Renewable Energy, 216, 119090.
Lisboa, A; Skarmeas, D; & Lages, C. (2011). Entrepreneurial orientation, exploitative and explorative capabilities, and performance outcomes in export markets: A resource-based approach. Industrial marketing management, 40(8), 1274-1284.
Liu, B; Ju, T; Bai, M; & Yu, C. F. J. (2021). Imitative innovation and financial distress risk: The moderating role of executive foreign experience. International Review of Economics & Finance, 71(1), 526-548.
Madrid-Guijarro, A; García-Pérez-de-Lema, D; & Van Auken, H. (2011). An analysis of non-financial factors associated with financial distress. Entrepreneurship and Regional Development, 23(3-4), 159-186.
Magnacca, F; & Giannetti, R. (2023). Management accounting and new product development: A systematic literature review and future research directions. Journal of Management and Governance, 1-35.
Mahtani, U. S; & Garg, C. P. (2018). An analysis of key factors of financial distress in airline companies in India using fuzzy AHP framework. Transportation Research Part A: Policy and Practice, 117(3), 87-102.
Malerba, F. (2002). Sectoral systems of innovation and production. Research Policy, 31(2), 247-264.
Marfou, M; & Hassanzadeh Diva, S. M. (2020). Earnings management; Opportunistic behaviors, monitoring mechanisms, and financial distress. Financial Accounting and Auditing Research, 12(48), 43-70. (In Persian)
Markatou, M. (2011). A taxonomy of innovations in Greece: Implications for innovation policy and management. Procedia Social and Behavioral Sciences, 25(1), 115–122.
Mecaj, A; & Bravo, M. I. G. (2014). CSR actions and financial distress: Do firms change their CSR behavior when signals of financial distress are identified? Modern Economy, 2014.
Namazi, M; & Ebrahimi, S. (2019). Predicting financial distress of companies listed on the Tehran Stock Exchange and OTC market using Lasso logistic regression. Tehran Stock Exchange Quarterly, 12(48), 5-38. (In Persian)
Namazi, M; & Fathali, A. (2017). Examining the impact of intellectual capital on cost stickiness in companies listed on the Tehran Stock Exchange. Accounting and Auditing Reviews, 24(3), 395-420. (In Persian)
Namazi, M; & Khoramdel Masouleh, Z. (2022). The impact of green innovation and environmental management accounting on financial, environmental, and economic performance of companies. Experimental Studies in Financial Accounting, 19(74), 1-40. (In Persian)
Namazi, M; Azizi, P; & Ghasemi Eghbash, A. (2020). Analyzing the curriculum planning of professional management accounting and its syllabi using content analysis. Financial Accounting Quarterly, 12(28), 29-63. (In Persian)
Namazi, M; Dehghani Saadi, A; & Ghavahestani, S. (2017). Managerial narcissism and business strategy of companies. Management Accounting and Auditing Knowledge, 22(1), 6-37. (In Persian)
Namazi, M; Kazemnejad, M; & Nematollahi, M. (2016). Comparing different methods of predictor variable selection in predicting financial crisis of companies listed on the Tehran Stock Exchange. Financial Engineering and Securities Management, 7(29), 193-221. (In Persian)
Namazi, M; Ebrahimi, Sh (2020): Financial Distress Prediction of the Listed Companies on Tehran Stock Exchange (TSE) and Iran Fara Bourse (IFB) Using Lasso Logistic Regression. In Journal of Securities Exchange 12 (48), pp. 5–38 (In Persian)
Naranjo-Gil, D; Maas, V. S; & Hartmann, F. G. (2009). How CFOs determine management accounting innovation: an examination of direct and indirect effects. European Accounting Review, 18(4), 667-695.
Narayanan, V. G; & Sarkar, R. G. (2002). The impact of activity‐based costing on managerial decisions at insteel industries—a field study. Journal of Economics & Management Strategy, 11(2), 257-288.
Nartey, S. N; & van der Poll, H. M. (2021). Innovative management accounting practices for sustainability of manufacturing small and medium enterprises. Environment, Development and Sustainability, 23(12), 18008-18039.
Ndicu, N. D. (2018). Financial innovations risk, financial distress and firms value: a critical review of literature. European Scientific Journal, 14(10), 99-118.
Neuendorf, K. A. (2002). Defining content analysis. Content analysis guidebook. Thousand Oaks, CA: Sage.
Ojra, J; Opute, A. P; & Alsolmi, M. M. (2021). Strategic management accounting and performance implications: a literature review and research agenda. Future Business Journal, 7(1), 64.
Oyewo, B. (2022). Contextual factors moderating the impact of strategic management accounting on competitive advantage. Journal of Applied Accounting Research, 23(5), 921-949.
Pasch, T. (2019). Strategy and innovation: the mediating role of management accountants and management accounting systems’ use. Journal of Management Control, 30(2), 213-246.
Prasetyo, D. H; Fatma, A; & Sadalia, I. (2019). Prediction Analysis of Financial Distress Potential By Comparing Altman, Springate And Zmijewski Models In Indonesia Eximbank. American International Journal of Business Management, 2(5), 10-18.
Qian, M; Sun, P. W; & Yu, B. (2017). High turnover with high price delay? Dissecting the puzzling phenomenon for China's A-shares. Finance Research Letters, 22, 105-113.
Rawal, A; Rastogi, S; Kanoujiya, J; & Bhimavarapu, V. M. (2022). Impact of transparency and disclosure (T&D) and financial distress (FD) on the valuation of banks in India. Journal of Economic and Administrative Sciences, (ahead-of-print).
Rezaee, Z; Tsui, J; Cheng, P; & Zhou, G. (2019). Business sustainability in Asia: Compliance, performance, and integrated reporting and assurance. John Wiley & Sons.
Rezvani, R. A. (2010). Content analysis. Research, 1(3), 137-156. (In Persian)
Rogers, E. M. (1995). Diffusion of Innovations: modifications of a model for telecommunications. In Die diffusion von innovationen in der telekommunikation (pp. 25-38). Springer, Berlin, Heidelberg.
Ross, G. H. (1990). Revolution in management control. Strategic Finance, 72(5), 23.
Sarto, F; & Saggese, S. (2022). Board industry expertise and innovation input: Evidence on the curvilinear relationship and the moderating effect of CEO. European Journal of Innovation Management, 25(6), 775-803.
Scott Frame, W; & White, L. J. (2014). Reexamining financial innovation after the global financial crisis. In The Social Value of the Financial Sector: Too Big to Fail or Just Too Big? (pp. 215-228).
Sheikh, S. (2018). The impact of market competition on the relation between CEO power and firm innovation. Journal of Multinational Financial Management, 44, 36-50.
Sisaye, S; & Birnberg, J. (2010). Extent and scope of diffusion and adoption of process innovations in management accounting systems. International Journal of Accounting & Information Management. 18(2), 118-139 .
Siverbo, S. (2014). The implementation and use of benchmarking in local government: a case study of the translation of a management accounting innovation. Financial Accountability & Management, 30(2), 121-149.
Smith, M; Abdullah, Z; & Razak, R. A. (2008). The diffusion of technological and management accounting innovation: Malaysian evidence. Asian Review of Accounting. 16(3), 197-218
Springate, G. L. (1978). Predicting the possibility of failure in a Canadian firm: A discriminant analysis (Doctoral dissertation, Simon Fraser University.).
Taipaleenmäki, J. (2014). Absence and variant modes of presence of management accounting in new product development–theoretical refinement and some empirical evidence. European Accounting Review, 23(2), 291–334.
Thuong, C. V; & Singh, H. (2023). The Impact of a Balanced Scorecard on Enterprise Performance in Ho Chi Minh City, Vietnam. International Journal of Organizational Leadership, 12(2), 198-215.
Toorchi, M; Asiaei, K; & Dehghan, M. (2015). Intellectual capital and management accounting practices: evidence from Iran. Procedia Economics and Finance, 31, 775-788.
Vaghfi, S. H; & Darabi, R. (2018). Structural equation modeling approach in three-level analysis of financial distress in companies listed on the Tehran Stock Exchange. Financial Management Strategy, 6(3), 189-215. (In Persian)
Xu, S; Qamruzzaman, M; & Adow, A. H. (2021). Is financial innovation bestowed or a curse for economic sustainably: the mediating role of economic policy uncertainty? Sustainability, 13(4), 2391. https://doi.org/10.3390/su13042391.
Xu, Z. (2019). Economic policy uncertainty, cost of capital, and corporate innovation. Journal of Banking & Finance, 111(3), 105698. doi: 10.1016/j.jbankfin.105698
Yendrawati, R; & Adiwafi, N. (2020). Comparative analysis of Z-score, Springate, and Zmijewski models in predicting financial distress conditions. Journal of Contemporary Accounting, 72-80.
Yuan, B; Li, C; & Xiong, X. (2021). Innovation and environmental total factor productivity in China: the moderating roles of economic policy uncertainty and marketization process. Environmental Science and Pollution Research, 28(8), 9558-9581.
Zawawi, N. H. M; & Hoque, Z. (2010). Research in management accounting innovations: An overview of its recent development. Qualitative Research in Accounting & Management.
