Risk Driven Innovation in the Not So Boring Accountancy Profession

Cowling, Marc and Ambilichu, Charles Anyeng and Yekini, Liafisu Sina and Omoteso, Kamil (2024) Risk Driven Innovation in the Not So Boring Accountancy Profession. Journal of International Accounting, Auditing and Taxation. ISSN 1061-9518 (In Press)

[img] Text
Risk Driven innovation in the not so Boring Accountancy Profession - Accepted manuscript - 03July2024 .pdf - Accepted Version
Restricted to Repository staff only

Download (478kB)


The accountancy profession is in a period of dynamic innovation driven change as new information technologies reconfigure the way business is conducted and the services that accountancy firms offer to their clients. As with all innovation, there is also the potential for disruptive change with risky outcomes. However, not all businesses are willing to take on these risks. In this paper, we explore two research questions: Who is willing to take risks with their business? and, are risk-loving accountants more likely to be innovative? Using new survey data from UK accountancy practices, we find that accountants that have an appetite for risk are significantly more likely to be innovative in both their internal processes and practices as well as externally through the development of new products, services, and markets. Further, we find that the perception of increased market competition/turbulence negatively affects product and service innovations, but not process, managerial and marketing innovations of accountancy firms

Item Type: Article
4 April 2024Accepted
Uncontrolled Keywords: risk, innovation, accountancy, competition
Subjects: CAH17 - business and management > CAH17-01 - business and management > CAH17-01-08 - accounting
Divisions: Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics
Depositing User: Gemma Tonks
Date Deposited: 03 Jul 2024 18:45
Last Modified: 04 Jul 2024 15:20
URI: https://www.open-access.bcu.ac.uk/id/eprint/15639

Actions (login required)

View Item View Item


In this section...