Abstract
One of the key tasks for strategic management accountants is to estimate the size of the market in which their firm operates. For such an estimation to be correct, strategic management accountants need to have access to private information from the firm’s competitors. Such access is impossible since no competitor is willing to share internal documents, resulting in a problem of imperfect information. This problem hinders strategic management accountants’ efforts to perform their main tasks, forcing them to just approximate the size of their firms’ markets. In this paper we show how, by applying text analysis techniques to publicly available documents from their firm’s competitors, strategic management accountants can significantly increase the accuracy of their forecasts. This increased accuracy implies that the use of techniques from the Information Systems (IS) field can help mitigating the thus far unsolvable problem of imperfect information from which the strategic management accounting field has traditionally suffered.
Original language | English |
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Title of host publication | Proceedings of the 43rd International Conference on Information Systems (ICIS) : Digitization for the Next Generation |
Editors | Tilo Böhmann, Kai-Lung Hui, Viswanath Venkatesh |
Number of pages | 17 |
Place of Publication | Atlanta, GA |
Publisher | Association for Information Systems. AIS Electronic Library (AISeL) |
Publication date | 2022 |
Article number | 2275 |
Publication status | Published - 2022 |
Event | The 43rd International Conference on Information Systems: ICIS 2022: Digitization for the Next Generation - Copenhagen, Denmark Duration: 9 Dec 2022 → 14 Dec 2022 Conference number: 43 https://icis2022.aisconferences.org/ |
Conference
Conference | The 43rd International Conference on Information Systems: ICIS 2022 |
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Number | 43 |
Country/Territory | Denmark |
City | Copenhagen |
Period | 09/12/2022 → 14/12/2022 |
Internet address |
Series | Proceedings of the International Conference on Information Systems |
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ISSN | 0000-0033 |
Keywords
- Imperfect information
- NVivo
- Strategic management accounting
- Text Analytics