Risk driven innovation in the not so boring accountancy profession

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation Pub Date : 2024-12-25 DOI:10.1016/j.intaccaudtax.2024.100675

Marc Cowling , Charles A. Ambilichu , Liafisu Sina Yekini , Kamil Omoteso

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Abstract

The accountancy profession is in a period of dynamic innovation driven change as new information technologies reconfigure the way business is conducted and the services that accountancy firms offer to their clients. As with all innovation, there is also the potential for disruptive change with risky outcomes. However, not all businesses are willing to take on these risks. In this paper, we explore two research questions: Who is willing to take risks with their business? Also, are risk-loving accountants more likely to be innovative? Using new survey data from United Kingdom (UK) accountancy practices, we find that accountants that have an appetite for risk are significantly more likely to be innovative in both their internal processes and practices as well as externally through the development of new products, services, and markets. Further, we find that the perception of increased market competition/turbulence negatively affects product and service innovations, but not process, managerial, and marketing innovations of accountancy firms.

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风险驱动的创新出现在不那么无聊的会计行业

会计行业正处于一个充满活力的创新驱动的变革时期，因为新的信息技术重新配置了业务开展的方式和会计师事务所为客户提供的服务。与所有创新一样，颠覆性变革也可能带来风险。然而，并非所有企业都愿意承担这些风险。在本文中，我们探讨了两个研究问题：谁愿意为他们的业务承担风险？此外，喜欢冒险的会计师更有可能创新吗？利用来自英国会计实践的新调查数据，我们发现，有风险偏好的会计师更有可能在内部流程和实践以及通过开发新产品、服务和市场进行外部创新。此外，我们发现市场竞争/动荡加剧的感知对会计师事务所的产品和服务创新产生负面影响，但对流程、管理和营销创新没有影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Accounting Auditing and Taxation BUSINESS, FINANCE-

CiteScore

4.50

自引率

3.80%

发文量

期刊介绍： The Journal of International Accounting, Auditing and Taxation publishes articles which deal with most areas of international accounting including auditing, taxation and management accounting. The journal''s goal is to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Submissions are expected to make a contribution to the accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, general purpose solutions to problems through models, and essays on world affairs which affect accounting practice are all within the scope of the journal.