Modeling the Role of Accounting in Enhancing Financial Performance, Technological Innovation, and Sustainability of Knowledge-Based Companies: A Structural Equation Modeling (SEM) Approach
Keywords:
Accounting, Financial Performance, Technological Innovation, Sustainability, Knowledge-Based CompaniesAbstract
The objective of this study is to model the role of accounting in enhancing financial performance, technological innovation, and sustainability of knowledge-based companies. Considering the importance of these companies in a knowledge-driven economy and the existing challenges related to financial transparency, capital attraction, and sustainable development, examining the role of accounting systems can open new horizons for improving managerial decision-making and strengthening competitive capabilities. This research is applied in purpose and descriptive–survey and quantitative in method. The statistical population in the qualitative phase consisted of accounting faculty members with more than ten years of executive experience, who were selected through purposive sampling. Semi-structured interviews were conducted until theoretical saturation was reached. In the quantitative phase, the statistical population included all accountants working in knowledge-based companies. Using the Krejcie and Morgan table, a sample of 384 participants was selected. The data collection tool was a researcher-designed questionnaire with 25 items across five main dimensions of the study. Its validity was confirmed by subject-matter experts, and its reliability was verified with a Cronbach’s alpha coefficient greater than 0.8. Data analysis was conducted using Structural Equation Modeling (SEM) with SPSS and AMOS software. The findings showed that accounting has a positive and significant effect on the financial performance, technological innovation, and sustainability of knowledge-based companies. In other words, the presence of transparent and efficient accounting systems can not only improve financial management and attract capital but also create conditions for the development of innovative activities and enhancement of organizational sustainability.
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Copyright (c) 2025 Moein Ilaghi Hosseini (Author); Abbasali Haghparast; Alireza Hirad, Habib Piri (Author)
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