Environmental Accounting Practice, Reporting and Social Responsibility Performance : Evidence from Manufacturing Firms in Nigeria

2020 ◽  
Vol 5 (2) ◽  
pp. 54-60
Author(s):  
Ilemona , Sani Alfred ◽  
S. , Nwite
Keyword(s):  
Social Responsibility ◽  
Environmental Accounting ◽  
Manufacturing Firms ◽  
Accounting Practice

From corporate social responsibility activities to financial performance: role of innovation and competitive advantage

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mahnoor Zahid ◽  
Hina Naeem ◽  
Iqra Aftab ◽  
Sajawal Ali Mughal
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Competitive Advantage ◽  
Manufacturing Firms ◽  
Equation Modeling ◽  
Content Type ◽  
Corporate Social ◽  
The Relationship

Purpose The purpose of this study is to scrutinize the effect of corporate social responsibility activities (CSRA) of the firm on its financial performance (FP) and analyze the mediating role of innovation and competitive advantage (CA) in the relationship between CSRA and FP in the manufacturing sector of an emerging country, i.e. Pakistan. Design/methodology/approach Data has been collected through an electronic structured questionnaire from 300 middle-level and top-level managers by surveying different manufacturing firms of Gujranwala, Pakistan. The study’s hypotheses have been checked by analyzing the reliability and validity of data and applying confirmatory factor analysis and structural equation modeling through statistical package for the social sciences and analysis of moment structures. Findings Outcomes of this study supported the hypothesized model. It has been found that the CSRA plays a significant positive role in determining the FP of the firm. Furthermore, the CA and innovation have been proved as significant mediators between CSRA and FP. Originality/value The first time examining the intermediation of innovation and CA in the relationship between CSRA and FP is the primary input of this study to the literature. Practically, this study’s findings will help strategy makers of manufacturing firms in emerging countries develop better strategies for implementing CSRA, enhancing innovation, seeking CA and improving FP.

scholarly journals The Study on the Relationship between the Environmental and Financial Performances of Corporates Which Have Adopting the System of Environmental Accounting in Taiwan

2019 ◽  
Vol 81 ◽  
pp. 01012
Author(s):  
Wei-Lun Huang ◽  
Yan-Kai Fu
Keyword(s):  
Social Responsibility ◽  
Financial Performance ◽  
Environmental Performance ◽  
Positive Relationship ◽  
Environmental Policies ◽  
Environmental Accounting ◽  
Accounting System ◽  
Review Of Literature ◽  
The Social ◽  
The Relationship

The purpose of this paper is to study the relationship between the environmental and financial performance of Corporates. For the environmental awareness of people, the social responsibility of companies and the environmental policies and laws of government, more and more companies would adopt the system of environmental accounting, and then they would disclosure their environmental performances. From the review of literature and the statistics results on the financial and environmental performances of listed companies which had adopted the environmental accounting system in Taiwan, the results are: 1.the adopting on the system of environmental accounting might make the corporations’ financial performances worse, but not significantly make corporations’ environmental performances better. 2. There should be a positive relationship between the environmental performance and financial performance of companies.

scholarly journals Sustainability and Corporate Social Responsibility in accounting

2021 ◽  
pp. 11-25
Author(s):  
Nikolina Dečman ◽  
Marzena Remlein ◽  
Ana Rep
Keyword(s):  
Sustainable Development ◽  
Social Responsibility ◽  
Financial Reporting ◽  
Environmental Accounting ◽  
Three Dimensions ◽  
Green Accounting ◽  
Business Operations ◽  
Modern Business ◽  
Environmental Goals ◽  
Corporate Social

The term sustainable development is understood as such socio-economic development in which the process of integrating political, economic and social activities takes place, while maintain-ing natural balance and the durability of basic natural processes, in order to ensure the possibility of satisfying the basic needs of individual communities or citizens of both the modern generation, and future generations. Sustainable development has three dimensions: ecological, economic and social. A consequence of the growing importance of social and ecological aspects of business operations is the increased interest and requirements for reporting, understood as a set of reports containing both financial and non-financial information. This chapter covers the concept of sustainable development, CSR and explains the role, goals and challenges of social responsibility accounting.CSR reporting has become some kind of a trend in non-financial reporting. Many large interna-tional companies make great efforts to prepare CSR reports in order to transparently communicate with their stakeholders as well as strive to achieve established social and environmental goals. CSR covers different aspects of business, with, among other things, environmental issues being highlighted. The importance of green accounting has been recognized globally where the adoption of the 2014/95/EU Directive has just further raised awareness of the importance of reporting on the environment and environmental activities. This chapter covers the basic concept and development phases of sustainable and environmental accounting, explains the role of green accounting in modern business conditions and discusses the benefits and opportunities it provides to interested users.

scholarly journals Contabilidad ambiental y la responsabilidad social empresarial dentro del panorama mundial del desarrollo sostenible

ECA Sinergia ◽  
2019 ◽  
Vol 10 (2) ◽  
pp. 105
Author(s):  
Nilda Alexandra Avellán Herrera
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Descriptive Analysis ◽  
Environmental Accounting ◽  
Accounting System ◽  
Palabras Clave ◽  
Corporate Social ◽  
National Environmental ◽  
Research Type

  El presente artículo, tiene como finalidad realizar un análisis descriptivo de la implementación de la contabilidad ambiental nacional en Ecuador y su relación con los procesos de responsabilidad social empresarial que aportan al logro de los Objetivos de Desarrollo Sostenible (ODS). Para la elaboración de la investigación, se utilizó un nivel de investigación descriptivo y un tipo de investigación bibliográfico; entre los principales resultados del presente trabajo están un cuadro resumen con la normativa relacionada al cuidado del medio ambiente y los componentes del Sistema de Contabilidad Ambiental Nacional de Ecuador, así como los avances con respecto a la categorización y homologación de los indicadores relacionados a la protección del medio ambiente en cada uno de los ODS. Se concluye que la aplicación y el cumplimiento de los indicadores para alcanzar las metas de los ODS han representado un arduo trabajo para las entidades especializadas en cada uno de los países; para obtener información estadística de aspectos ambientales, en miras de implementar las mejores decisiones por parte de los gobiernos y sus instituciones.   Palabras clave: Responsabilidad social empresarial, desarrollo sostenible, comercio y medio ambiente, recursos no renovables y conservación   ABSTRACT   This article is intended to carry out a descriptive analysis of the implementation of national environmental accounting in Ecuador and their relationship with the processes of corporate social responsibility, contributing to the achievement of the objectives of sustainable development. For the development of research, we used a descriptive level of research and bibliographic research type between the main results of this work are a picture overview with the regulations related to the care of the environment and the components of the National Environmental Accounting System of Ecuador, as well as the advances with respect to categorization and approval of indicators related to the protection of the environment in each of the objectives of sustainable development. It is concluded that the implementation and enforcement of the indicators for the goals of the objectives of sustainable development have represented hard work for institutions specialized in each of the countries; for statistical information on environmental aspects, in order to implement the best decisions Governments and their institutions.   Key words: Corporate social responsibility, sustainable development, trade and environment, non renewable resources and conservation  

scholarly journals Dynamic capabilities and environmental accounting for the circular economy in businesses

2020 ◽  
Vol 11 (7) ◽  
pp. 1129-1158 ◽  
Author(s):  
Sabina Scarpellini ◽  
Luz María Marín-Vinuesa ◽  
Alfonso Aranda-Usón ◽  
Pilar Portillo-Tarragona
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Theoretical Approach ◽  
Circular Economy ◽  
Dynamic Capabilities ◽  
Environmental Accounting ◽  
Social Implications ◽  
Content Type ◽  
Micro Level ◽  
Corporate Social

Purpose This paper aims to define and measure the environmental capabilities that are applied when the circular economy (CE) is introduced in businesses. Founded on the dynamic capabilities theoretical approach, the study analyzes different environmental competences that firms apply during this process. Environmental management systems, corporate social responsibility, reporting and accountability and other environmental accounting practices are studied in the same analytical framework used to study the environmental capabilities that influence the circular scope (CS) of firms. This study contributes to bridging the gap between academic research focused on environmental accounting and that investigating the introduction of the CE in businesses. Design/methodology/approach The results were obtained by using partial least squares structural equation modeling to analyze the relationship between environmental capabilities for the CE and the CS achieved by a sample of Spanish firms with more than 50 employees that expressed interest in the CE, eco-design, eco-innovation and other environmental issues. Findings Based on an analysis using the dynamic capabilities theoretical approach, the results suggest a positive relationship between the CS of firms, their environmental accounting practices and their level of corporate social responsibility (CSR) and accountability. Stakeholders’ pressure – which has a mediating effect on the CS of firms – is also analyzed, adding new insights to recent studies of this topic at the micro-level. The authors also explore whether the CS of businesses, which is related to the degree of their development of capabilities, influences environmental and financial performance. Practical implications The new insights obtained in this study can help overcome the limitations of conventional accounting approaches and incorporates a much broader scale of environmental information that can be applied to CE practices. These results also offer insights to practitioners regarding the internal measurement processes related to the CE and regarding CSR in particular for small and medium enterprises, because these metrics can be partially applied depending on the practices introduced in each firm. For policymakers, a better understanding of the CE’s introduction into businesses will contribute to the design of policies that can enhance its deployment, for example, by providing tools that set up regional priorities depending on the CE-related practices adopted by the firms located in the territory. Social implications A CE involves the transformation of a linear economic model into a circular one to reduce dependence on raw materials and energy and to reduce the environmental impact of production and consumption. Understanding how to manage the specific competences that integrate capabilities applied to the CE will allow firms to improve their social and environmental reporting. In addition, other social implications of this study relate to improving relationships with consumers and stakeholders and to the practice of social corporate sustainability. Originality/value This study goes beyond previous research on the CE to extend the authors’ knowledge about its adoption at the micro-level by taking a transversal approach, as its subject spans the fields of environmental accounting and the CE while addressing both in a framework of analysis. The analysis of the accounting concerns of the CE in businesses and the study of concerns related to endogenous environmental competences are quite original under the theoretical framework of dynamic capabilities, and this study is a first step in an incipient line of inquiry.

scholarly journals Financial and Qualitative Determinants of Voluntary Environmental/sustainability Reporting in the Canadian Mining Sector

2018 ◽  
Vol 4 (2) ◽  
pp. 7
Author(s):  
Glenn Leonard
Keyword(s):  
Decision Making ◽  
Social Responsibility ◽  
Environmental Issues ◽  
Financial Statements ◽  
Environmental Accounting ◽  
Environmental Damage ◽  
Mining Sector ◽  
Voluntary Reporting ◽  
Area Of Interest ◽  
Qualitative Characteristics

The ever increasing attention given to the environmental threats facing the planet have permeated almost all areas of human endeavor. Accounting and corporate reporting has not been immune to this effect and is a key area of interest. Much of the environmental damage and the public costs associated with its clean-up is a result of commercial activity. Captured under the headings of social responsibility accounting, environmental accounting, integrated reporting or sustainability accounting, there are only limited mechanisms in accounting standards that directly address environmental issues and the associated costs and benefits. The majority of reporting mechanisms over the last three decades are largely voluntary so companies can choose whether or not to provide this type of information to users of financial statements. The existing literature in this area has focused on how these disclosures (voluntary or otherwise) have affected user decision making, primarily investors and creditors, and shareholder value. What factors lead to a decision to do voluntary reporting with respect to environmental issues? This research focusses on the Canadian mining sector (exclusive of oil and gas) and examines the financial and qualitative characteristics of companies and their respective reporting methods to build a generic profile of a company that would most likely to provide such voluntary reporting. Analysis of annual reports and the associated audited financial statements of companies in the sector will provide the raw data to build this generic profile. We can infer that companies that are inclined to report on environmental issues, beyond their regulatory responsibilities, are likely to be better environmental stewards. Understanding the financial and qualitative characteristics and having a profile can aid in regulatory decision making and provide potential and current investors an additional analytical tool for assessing corporate social responsibility with regard to environmental and sustainability issues.

Environmental Disclosures and Impression Management

2014 ◽  
pp. 217-231 ◽  
Author(s):  
Charles H. Cho ◽  
Den M. Patten ◽  
Robin W. Roberts
Keyword(s):  
Social Responsibility ◽  
Impression Management ◽  
Environmental Performance ◽  
Voluntary Disclosure ◽  
Environmental Accounting ◽  
Third Party ◽  
Accounting Research ◽  
Environmental Disclosures ◽  
Corporate Social ◽  
The Relationship

A significant stream of social and environmental accounting research investigates the relationship between a corporation’s self-reported disclosures of its own social responsibility and environmental activities and third-party evaluations of that corporation’s actual social responsibility and environmental performance. Generally, researchers have utilized one of two theories to motivate and test this relationship. One theory—signaling or voluntary disclosure theory—argues that corporations with superior corporate social responsibility or environmental performance use disclosure to signal to interested parties a level of performance that poorer corporate performers cannot disclose. A second theory—legitimacy or impression management theory—argues that corporations use disclosures to manage impressions, often masking their actual social responsibility and environmental performance. In this chapter, the authors seek to comment on how DICTION has been and can be utilized to advance this stream of social and environmental accounting research.

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