The Use of Sustainable Cost Accounting (SCA) as a Tool to Support Innovation and Enhance Financial Performance in Industrial Companies: An Applied Study on the Libyan Iron and Steel Company (LISCO), Misrata
Keywords:
Sustainable Cost Accounting, Innovation, Financial Performance, Industrial CompaniesAbstract
This study aimed to investigate the use of Sustainable Cost Accounting (SCA) as a tool to support innovation and enhance financial performance in industrial companies. The research was empirically applied to the employees of the Libyan Iron and Steel Company (LISCO) in Misrata.
The study adopted the descriptive approach to cover the conceptual and theoretical aspects, while the analytical approach was employed to process the applied (empirical) side. Primary data was collected using a questionnaire form; 34 forms were distributed, and upon examination, only 25 forms were found valid for statistical analysis.
The study concluded with a main finding confirming the acceptance of the hypotheses with a statistically significant positive effect for the implementation of Sustainable Cost Accounting (SCA) on innovation and financial performance. In light of these results, the study recommended the necessity of integrating SCA into the strategic decision-making system, allocating green innovation units, and linking incentives to sustainable performance.
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