The Impact of Using Balanced Scorecard in the Relationship between Lean Accounting and Performance Evaluation at the Jordanian Pharmaceutical Manufacturing Companies

Abstract

This study aimed to identify the impact of using balanced scorecard in the relationship between lean accounting and performance evaluation at the Jordanian pharmaceutical manufacturing companies. The study population consisted of all 14 registered pharmaceutical companies in the Jordanian association of pharmaceutical manufacturers in 2023. To achieve the objectives of the study, a questionnaire was developed and distributed to 140 individuals including accountants, financial managers, auditors, audit managers, and department heads at the Jordanian pharmaceutical manufacturing companies. 119 questionnaires were retrieved and valid for analysis. In order to test the hypotheses, Simple, Multiple Linear Regression and Path Analysis were used.

The study revealed a number of results, the most significant of which was the presence of the impact of using balanced scorecard in the relationship between the lean accounting and performance evaluation at the Jordanian pharmaceutical manufacturing companies.

Based on the results of this study, the researchers reached several recommendations, the most significant was: The Jordanian pharmaceutical manufacturing companies should necessarily integrate lean accounting and its tools with existing systems and styles like the balanced scorecard for maximum effectiveness, excellence, and improvement in performance evaluation.