IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/6364.html
   My bibliography  Save this paper

Cost Accounting In Greek Hotel Enterprises: An Empirical Approach

Author

Listed:
  • Pavlatos, Odysseas
  • Paggios, Ioannis

Abstract

The purpose of this paper is to provide insights of the Greek Hotel Industry practices in the field of Cost Accounting. To this end, a survey was conducted with 85 firms of the Greek hotel sector with the use of questionnaires. Results show that hotel enterprises have a high fixed cost structure and also face a high proportion of indirect costs. The gathered data led us to the conclusion that the majority of the hotels use traditional cost accounting systems. Nevertheless, the adoption rate of an activity based costing (ABC) system is considered rather satisfactory considering the rates that come from surveys conducted in hotel enterprises in other countries. According to the statistical analysis, the factors that mostly affect the managerial decision of hotels in favour of an ABC system include their cost structure and the cost calculation per customers' categories.

Suggested Citation

  • Pavlatos, Odysseas & Paggios, Ioannis, 2007. "Cost Accounting In Greek Hotel Enterprises: An Empirical Approach," MPRA Paper 6364, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6364
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/6364/1/MPRA_paper_6364.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dent, Jeremy F., 1991. "Accounting and organizational cultures: A field study of the emergence of a new organizational reality," Accounting, Organizations and Society, Elsevier, vol. 16(8), pages 705-732.
    2. N/A, 1998. "Research in Progress," ILR Review, Cornell University, ILR School, vol. 51(4), pages 722-723, July.
    3. N/A, 1998. "Research in Progress," ILR Review, Cornell University, ILR School, vol. 52(1), pages 153-154, October.
    4. N/A, 1998. "Research in Progress," ILR Review, Cornell University, ILR School, vol. 51(2), pages 346-350, January.
    5. N/A, 1998. "Research in Progress," ILR Review, Cornell University, ILR School, vol. 51(3), pages 547-549, April.
    6. John Brierley & Christopher Cowton & Colin Drury, 2001. "Research into product costing practice: a European perspective," European Accounting Review, Taylor & Francis Journals, vol. 10(2), pages 215-256.
    7. Anderson, Shannon W. & Young, S. Mark, 1999. "The impact of contextual and process factors on the evaluation of activity-based costing systems," Accounting, Organizations and Society, Elsevier, vol. 24(7), pages 525-559, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. OYEWO, Babajide, 2019. "Does The Use Of Strategic Management Accounting Techniques Creates And Sustains Competitive Advantage? Some Empirical Evidence," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 19(2), pages 61-92.
    2. Filipa Campos & Luís Lima Santos & Conceição Gomes & Lucília Cardoso, 2022. "Management Accounting Practices in the Hospitality Industry: A Systematic Review and Critical Approach," Tourism and Hospitality, MDPI, vol. 3(1), pages 1-22, February.
    3. Melián-González, Santiago & Bulchand-Gidumal, Jacques, 2016. "A model that connects information technology and hotel performance," Tourism Management, Elsevier, vol. 53(C), pages 30-37.
    4. Filipa Campos & Conceição Gomes & Lucília Cardoso & Luís Lima Santos, 2022. "Management Accounting Practices in the Hospitality Industry: The Portuguese Background," IJFS, MDPI, vol. 10(4), pages 1-18, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gianluca Misuraca & Clelia Colombo & Csaba Kucsera & Stephanie Carretero & Margherita Bacigalupo & Raluca Radescu, 2015. "ICT-enabled Social Innovation in support of the Implementation of the Social Investment Package (IESI) - Mapping and Analysis of ICT-enabled Social Innovation Initiatives promoting Social Investment t," JRC Research Reports JRC97467, Joint Research Centre.
    2. Sharma, Rakhi & Tiwari, G.N., 2013. "Life cycle assessment of stand-alone photovoltaic (SAPV) system under on-field conditions of New Delhi, India," Energy Policy, Elsevier, vol. 63(C), pages 272-282.
    3. Mahdavi, Mahdi & Malmström, Tomi & van de Klundert, Joris & Elkhuizen, Sylvia & Vissers, Jan, 2013. "Generic operational models in health service operations management: A systematic review," Socio-Economic Planning Sciences, Elsevier, vol. 47(4), pages 271-280.
    4. Natalie Todak & Michael D. White & Lisa M. Dario & Andrea R. Borrego, 2018. "Overcoming the Challenges of Experimental Research: Lessons From a Criminal Justice Case Study Involving TASER Exposure," Evaluation Review, , vol. 42(3), pages 358-385, June.
    5. Barberi, Paolo, 2015. "Functional Biodiversity in Organic Systems: The Way Forward?," Sustainable Agriculture Research, Canadian Center of Science and Education, vol. 4(3 Special).
    6. Isabel Iglesias & María N Lorenzo & Juan J Taboada, 2014. "Seasonal Predictability of the East Atlantic Pattern from Sea Surface Temperatures," PLOS ONE, Public Library of Science, vol. 9(1), pages 1-8, January.
    7. Alicia Meckstroth & LaDonna Pavetti & Michelle K. Derr, "undated". "Implementing Welfare Reform in Nebraska: Accomplishments, Challenges, and Opportunities for Improvement," Mathematica Policy Research Reports 1597429212e348bcb03d9a3a0, Mathematica Policy Research.
    8. repec:mpr:mprres:2422 is not listed on IDEAS
    9. Nawaz, I. & Tiwari, G.N., 2006. "Embodied energy analysis of photovoltaic (PV) system based on macro- and micro-level," Energy Policy, Elsevier, vol. 34(17), pages 3144-3152, November.
    10. P. Barnwal & G. N. Tiwari, 2008. "Life cycle energy metrics and CO 2 credit analysis of a hybrid photovoltaic/thermal greenhouse dryer," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 3(3), pages 203-220, July.
    11. Shukla, Ashish & Tiwari, G.N. & Sodha, M.S., 2009. "Embodied energy analysis of adobe house," Renewable Energy, Elsevier, vol. 34(3), pages 755-761.
    12. David Emsley & Lai Hong Chung, 2010. "How Management Accountants' Cognitive Style and Role Involvement Combine to Affect the Effort Devoted to Initiating Change," Abacus, Accounting Foundation, University of Sydney, vol. 46(3), pages 232-257, September.
    13. Seleshi Sisaye & Jacob G. Birnberg, 2010. "Organizational development and transformational learning approaches in process innovations," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 9(4), pages 337-362, November.
    14. Sophie Hoozée & Falconer Mitchell, 2018. "Who Influences the Design of Management Accounting Systems? An Exploratory Study," Australian Accounting Review, CPA Australia, vol. 28(3), pages 374-390, September.
    15. Lino Cinquini & Paolo Collini & Alessandro Marelli & Andrea Tenucci, 2015. "Change in the relevance of cost information and costing systems: evidence from two Italian surveys," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(3), pages 557-587, August.
    16. Luft, Joan & Shields, Michael D., 2003. "Mapping management accounting: graphics and guidelines for theory-consistent empirical research," Accounting, Organizations and Society, Elsevier, vol. 28(2-3), pages 169-249.
    17. Chenhall, Robert H. & Euske, K.J., 2007. "The role of management control systems in planned organizational change: An analysis of two organizations," Accounting, Organizations and Society, Elsevier, vol. 32(7-8), pages 601-637.
    18. Guénin-Paracini, Henri & Malsch, Bertrand & Paillé, Anne Marché, 2014. "Fear and risk in the audit process," Accounting, Organizations and Society, Elsevier, vol. 39(4), pages 264-288.
    19. Abernethy, Margaret A. & Vagnoni, Emidia, 2004. "Power, organization design and managerial behaviour," Accounting, Organizations and Society, Elsevier, vol. 29(3-4), pages 207-225.
    20. Smith, Julia A. & England, Claire, 2019. "An ethnographic study of culture and performance in the UK lingerie industry," The British Accounting Review, Elsevier, vol. 51(3), pages 241-258.
    21. Helen Irvine & Michael Gaffikin, 2006. "Getting in, getting on and getting out: reflections on a qualitative research project," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 19(1), pages 115-145, January.

    More about this item

    Keywords

    cost accounting practices; cost accounting systems; cost accounting techniques; activity based costing; hotel enterprises; Greece;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:6364. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.