The Impact of Environmental Management Accounting Practices on Organizational Sustainability of the ISO 14001 Companies in Thailand

Environmental management (EMA) has been considered as a successful idea to reduce ecological burdens in the form of energy dependence and carbon footprint. In addition to the company's highest emphasis on EMA, the organization's environmental strategy (ENS) is articulated and implemented with ecological motivation. The role of the ENS strengthens the internal awareness of the organization to improve environmental conditions and thereby helps reduce negative environmental stresses. In addition, with increasing environmental regulations in place, the need for sound environmental policies and strategies of the company is essential to protect future growth and market image. Results There is a significant influence of environmental management accounting to encourage environmental performance, there is a significant effect of environmental management accounting to encourage economic performance, there is a significant influence of environmental strategy to encourage environmental performance, there is a significant influence of environmental strategy to encourage economic performance, commitment to moderate management The significant influence of Environmental Management Accounting to encourage Environmental Performance, Management Commitment Cannot Moderate the Effect of Environmental Management Accounting which encourages Economic Performance, Management Commitment to Moderate the significant influence of Environmental Strategy to encourage Environmental Performance and Management Commitment to Moderate the Impact of Environmental Strategy which is significant to encourage Economic Performance .

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The Perceived Attributes of EMA and Its Relation to the Adoption of the Practice: Malaysian Evidence

International Journal of Recent Technology and Engineering - 2 ◽

10.35940/ijrte.f8057.038620 ◽

2020 ◽

Vol 8 (6) ◽

pp. 3186-3189

Keyword(s):

Environmental Management ◽

Diffusion Of Innovation ◽

Management Accounting ◽

Environmental Accounting ◽

Relative Advantage ◽

Traditional Management ◽

Environmental Management Accounting ◽

Environmentally Sensitive ◽

The Cost ◽

The Impact

Environmental Management Accounting (EMA) is an extension to the traditional management accounting that helps the managers to identify environmental costs and realize the impact of their operation towards the environment. The adoption of this practice is critical in order to address environmental issues. However, as most of the practice of EMA is underutilized and diverse, further promotion is needed if it is to help the business to move towards sustainability. Surprisingly, even those firms which are regarded as being more environmentally-sensitive are not necessarily to use environmental management accounting. This has led to the literature gap pertaining factors that influence firms to apply environmental accounting. Therefore, this research is interested in extending the focus of EMA adoption in environmentally sensitive industries and understands the factors influencing them. Based on Diffusion of Innovation (DOI) perspective, this study attempts to look at how accountants perceived EMA and how this may affect the adoption of the system. By utilising a survey, questionnaires were mailed to the accountants of public listed companies in Malaysia. Six attributes namely the cost, relative advantage, compatibility, complexity, compatibility and trialabilty are tested in this paper to determine the motivations of EMA adoption. The findings of the study are expected to explain the conditions that facilitate the implementation of the practice and help to provide ways to increase the adoption rate among companies.

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CONSEQUENCES OF ENVIRONMENTAL MANAGEMENT ACCOUNTING (EMA): THE THEORY BEHIND

International Journal of Business and Applied Social Science ◽

10.33642/ijbass.v6n11p3 ◽

2020 ◽

pp. 20-27

Author(s):

Dr. Avylin Roziana Mohd Ariffin

Keyword(s):

Environmental Management ◽

Firm Performance ◽

Management Accounting ◽

Theoretical Explanation ◽

Sustainable Growth ◽

Process Efficiency ◽

Business Success ◽

Potential Cost ◽

Environmental Management Accounting ◽

The Impact

The need for Environmental Management Accounting (EMA) can be associated with the major problems of environmental degradation that lead to other concerns, such as legitimacy and competitive issues. EMA is seen as a management accounting innovation whose consequence is a boost to corporate performance. EMA can benefit the competitive position of a firm by directing the attention of its managers towards potential cost reduction or potential areas for differentiation. EMA can also help firms gain resource productivity and process efficiency, which will result in the reduction of waste and improved the financial profitability of the firm. In other words, EMA practically improves both the environmental and economic performance of a firm. However, despite all these success stories, many firms are still reluctant to take a more proactive approach to EMA, perhaps due to a perceived lack of evidence that the benefits exceed the costs of pursuing these initiatives. The findings so far may also not be generalizable since they are based on descriptive statistics rather than rigorous hypothesis testing. There has been little empirical evidence regarding the impact of EMA on the business success of the firm. This is due to prior EMA studies that have made limited use of a theory that attempts to explain the consequences of the practice. Most research has focused on descriptive work and researchers seem to be unwilling to move beyond action-based case studies in further develop the framework of EMA practice and firm performance. This has raised a concern on the need for theoretical explanation on the consequences of EMA. As it is important to gauge the effects of EMA on firm performance, this study provides a discussion of how EMA could help companies in Malaysia to enhance both their economic and environmental performance and by this to encourage firms to put EMA in practice for their sustainable growth.

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ANALISIS PENERAPAN ENVIRONMENTAL MANAGEMENT ACCOUNTING (EMA) DALAM MENINGKATKAN EKO-EFISIENSI USAHA (Studi Kasus Pada Rumah Sakit Ibnu Sina YW-UMI Kota Makassar)

AkMen JURNAL ILMIAH ◽

10.37476/akmen.v17i2.895 ◽

2020 ◽

Vol 17 (2) ◽

pp. 242-253

Author(s):

Indrawan Azis ◽

Andi Widiawati ◽

Annisa Aprilia Nur

Keyword(s):

Environmental Management ◽

Environmental Performance ◽

Qualitative Method ◽

Management Accounting ◽

Public Awareness ◽

Environmental Damage ◽

Environmental Costs ◽

The Public ◽

Environmental Management Accounting ◽

The Impact

Current issues related to the environment to be one of the issues that got the attention of the public. Awareness of the community to participate in protecting the environment is increasing from time to time. It encourages businesses as part of the community itself, to participate in maintaining the environment in ways that minimize the risk of environmental damage as a result of the operational company's. In this case, the needed cost of the so-called environmental costs. Environmental costs necessary to achieve eco-efficiency efforts, one of which is the use of Environmental Management Accounting (EMA), by identifying environmental costs by classifying into the category of environmental quality to evaluate their environmental performance. This study uses the Ibnu Sina Hospital YW-UMI Makassar City engaged in health services as research objects. In this study the author uses descriptive qualitative method. The results showed that the Ibnu Sina Hospital YW-UMI Makassar City yet to implement Environmental Management Accounting (EMA), manage environmental costs, but this hospital has managed the impact of the environment.

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The Impact of Environmental Management Accounting on Financial Performance of Cement Companies in India

International Journal of Management Studies ◽

10.18843/ijms/v6i2(3)/03 ◽

2019 ◽

Vol VI (2(3)) ◽

pp. 17

Author(s):

H. Rajashekar ◽

Ali Reza Keshavarz

Keyword(s):

Environmental Management ◽

Financial Performance ◽

Management Accounting ◽

Environmental Management Accounting ◽

The Impact

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Coercive, Normative and Mimetic Pressures as Drivers of Environmental Management Accounting Adoption

Sustainability ◽

10.3390/su12114506 ◽

2020 ◽

Vol 12 (11) ◽

pp. 4506 ◽

Cited By ~ 1

Author(s):

Badar Latif ◽

Zeeshan Mahmood ◽

Ong Tze San ◽

Ridzwana Mohd Said ◽

Allah Bakhsh

Keyword(s):

Environmental Management ◽

Institutional Theory ◽

Positive Impact ◽

Manufacturing Sector ◽

Management Accounting ◽

Environmental Issues ◽

Institutional Pressures ◽

Environmental Management Accounting ◽

The Impact

This paper explores the impact of institutional pressures on the adoption of environmental management accounting (EMA). EMA has been recognized as a valuable mechanism to deal with environmental issues. This paper uses institutional theory to explain the drivers of EMA adoption in Pakistan. Data were collected from the manufacturing sector in Pakistan through a questionnaire-based survey. The study concludes that coercive, normative and mimetic pressures have a significant and positive impact on the adoption of EMA.

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Linking environmental strategy to environmental performance

Sustainability Accounting Management and Policy Journal ◽

10.1108/sampj-08-2016-0046 ◽

2017 ◽

Vol 8 (5) ◽

pp. 595-619 ◽

Cited By ~ 24

Author(s):

Grace T. Solovida ◽

Hengky Latan

Keyword(s):

Environmental Management ◽

Environmental Performance ◽

Goodness Of Fit ◽

Management Accounting ◽

Small Sample ◽

Iso 14001 ◽

Environmental Strategy ◽

Content Type ◽

Environmental Strategies ◽

Environmental Management Accounting

Purpose This paper aims to test a conceptual framework that describes the relationship between environmental strategy, environmental management accounting and environmental performance. In this paper, the authors argue that environmental strategy can directly influence environmental performance through environmental management accounting. Design/methodology/approach This paper examines the survey responses of general managers, operations managers, financial managers and environmental managers in an ISO 14001 certified company listed on the Indonesia Stock Exchange. The hypotheses were tested using a consistent partial least squares approach and bias-corrected and accelerated bootstrap confidence intervals to test the significance between variables. Findings In general, the proposed framework obtains adequate goodness-of-fit statistics. Furthermore, the results support the argument that there is a positive and significant effect of environmental strategies on the environmental performance of companies and that the role of environmental management accounting can mediate their relationship. Research limitations/implications The limitations of this study relate to the small sample size, as environmental results are still regarded as confidential by many companies. A causal relationship cannot be confirmed for the results. The instrument used is fully adopted from previous research, without unidimensional re-testing. This study contributes to the natural resource-based view literature by responding to recent calls to test the combined effect of resources on environmental performance. Practical implications This result could serve as a specific reference for policymaking at firms to continuously improve their environmental performance. This study also has important implications for management practices by illustrating the potential of environmental strategies and environmental management accounting to improve environmental performance. Social implications This result indicates that the improving green accounting in Indonesia would appear to require more mandated pressure from, particularly, governmental powers. Originality/value This study contributes to the corporate environmental accounting literature by providing empirical evidence linking environmental strategy with environmental performance through the implementation of environmental management accounting.

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PENERAPAN ENVIRONMENTAL MANAGEMENT ACCOUNTING PADA KANTOR DINAS PEMERINTAHAAN WILAYAH JAWA TIMUR

Sosial & Humaniora ◽

10.24123/jsh.v5i2.689 ◽

2018 ◽

Vol 5 (2) ◽

pp. 117

Author(s):

Dianne Frisko ◽

Desi Arisandi

Keyword(s):

Environmental Management ◽

Public Service ◽

Environmental Sustainability ◽

Cost Efficiency ◽

Management Accounting ◽

Environmental Damage ◽

Environmental Management Accounting ◽

Cost Inefficiency ◽

Government Institution ◽

Main Material

Induztrialization edge and economic growth bring some consequences to the society, such as pollution or environmental damage. The responsibility is not only lies in business sector but also contributed by society and public sector-government institution as their daily operational produce some waste material. One ofmaterial use in such organization daily activities is paper. Unproper use of paper will impact on cost inefficiency, as well as environmental damage due to the main material of producing paper taken from forest.Government as public service organization mostly deals with paper in their daily administrative business. While the othersites it also encouraged to put priority on budget efficiency included in paper consumption. This study aims to describe in what extend government efficiency initiative align in it environmental concerned. Specifically this study will explore the use of paper as one of most daily resource in government office using environmental management accounting (EMA)framework. The results convey that notion on some regulation pertaining with budget efficiency in Indonesia has similarity with the spirit and the benefit provided in term of EMA application. By implementing EMA properly, government may get information on cost efficiency along with environmental sustainability.

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