ISSN: 2225-8329
Open access
The majority of businesses aim to boost their performance in every manner they can. Those that make an effort to develop, attain, and maintain performance can hold the winning card. Thus, it is imperative to compete in a constantly changing environment in order to understand and track success. One way that business firms can innovatively achieve this business success in the changing landscape of the twenty first century business environment is by applying the tenets of cost benefit analysis in their decision making. This conceptual paper reviews scholarly works on the topic in order to propose hypotheses that could be used in future studies to address the influence of cost benefit analysis, in improving firm performance. It does so by drawing on the principles of strategic management accounting and the perspectives of the cost benefit analysis. A probe into this problem would be crucial for Iraq and, indirectly, those Middle Eastern nations that are connected to Iraq on a sociocultural and economic level. This paper's uniqueness comes from its contribution to the improvement of theoretical, conceptual, and methodological reasoning for the connections between strategic cost-benefit analysis applications and firm performance in business organisations. This will help to strengthen the current literature's discussion.
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In-Text Citation: (Ali, 2022)
To Cite this Article: Ali, S. T. M. (2022). The Impact of Cost-Benefit Analysis on Firm Performance: A Review. International Journal of Academic Research in Accounting Finance and Management Sciences, 12(3), 132–138.
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