Accounting for whom? The financialisation of the environmental economic transition

Maechler, Sylvain

doi:10.1080/13563467.2022.2130222

Cited by 13 publications

(4 citation statements)

References 78 publications

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“…Also the corporate governance mechanisms (such as audit committee size) have a positive impact on ESG disclosure (Umar et al, 2023). The environmental economic transition and its association with accounting standards and sustainability disclosures connotes a financialisation of environmental economic transition (Maechler, 2023). Furthermore, this research is an attempt to consider connectivity of financial and non‐financial accounting and reporting focusing on the impact of CFL on EC, and the mediating role of firms' accounting systems.…”

Section: Conclusion Limitations and Future Researchmentioning

confidence: 99%

Sustainability reporting: How consistency and interdependence in financial and managerial accounting enhance eco‐controls

Varma,

Mancini,

Kaushik

2024

Journal of Public Affairs

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Sustainability reporting requires consistency and interdependency of financial accounting and managerial accounting. Accounting is closely entangled with the eco control (EC) in organisations. The quality of (sustainability) reporting and the disclosures is only as good as the quality and consistency of accounting data captured. Therefore, accounting choices and practises have an important role to play in sustainability reporting. This study explores the mechanism through which accounting informs EC. Through the independent and serial use of two levers, first ‘interdependency’ between financial accounting and management accounting and second, though the use of ‘digitalized information’ as a moderating variable, it is probed as to how EC are shaped. An empirical investigation is undertaken by carefully curating primary data, analysed through partial least squares structural equation modelling technique to inform broader debates in the ‘sustainability reporting’ literature concerning the mechanisms through which EC, are influenced by accounting mechanics, choices and disclosures. Sound EC contributes to sustainability accounting and governance to meet needs of the firms direct and indirect stakeholders without comprising the firm's ability to meet the needs of future stakeholders. The study established that the interdependency between the financial accountants and the management accountants output, mediates the effect of a consistent financial language on EC practises and this effect is independent of the firm size or the industry category. This article brings to the fore, the interplay of FA and MA in informing the environmental controls. The under researched perspective addressed by this study is that EC are highly interdependent with the consistency and comprehensiveness of accounting that informs it which in turn is effected by the cooperation and coordination (interdependency) between FA and MA information providers.

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Section: Conclusion Limitations and Future Researchmentioning

confidence: 99%

Sustainability reporting: How consistency and interdependence in financial and managerial accounting enhance eco‐controls

Varma,

Mancini,

Kaushik

2024

Journal of Public Affairs

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“…The adoption of the notion of "natural capital" is an important part of the process to achieve such purpose and it features prominently in some of these initiatives, such as the CDSB and the IR framework. The monetary translation of environmental issues, crucial for making them useful for investors, "has been partly realised through 'natural capital accounting' methodologies" (Maechler, 2023).…”

Section: Social and Environmental Accountingmentioning

confidence: 99%

“…These frameworks have as their purpose “making environmental issues ‘meaningful’ for investors”, as Maechler (2023, p. 421) put it. The adoption of the notion of “natural capital” is an important part of the process to achieve such purpose and it features prominently in some of these initiatives, such as the CDSB and the IR framework.…”

Section: A Perspective On How To Reorient Social and Environmental Ac...mentioning

confidence: 99%

An institutionalist political-economy perspective on social and environmental accounting

Castelo Branco,

Gomes,

Martins

2024

MEDAR

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Purpose The purpose of this study is to contribute to the discussion surrounding the definition of accounting proposed by Carnegie et al. (2021a, 2021b) and further elaborated by Carnegie et al. (2023) from/under an institutionalist political-economy (IPE) based foundation and to specifically extend this approach to the arena of social and environmental accounting (SEA). Design/methodology/approach By adopting an IPE approach to SEA, this study offers a critique of the use of the notion of capital to refer to nature and people in SEA frameworks and standards. Findings A SEA framework based on the capabilities approach is proposed based on the concepts of human capabilities and global commons for the purpose of preserving the commons and enabling the flourishing of present and future generations. Practical implications The proposed framework allows the engagement of accounting community, in particular SEA researchers, with and contribution to such well-established initiatives as the Planetary Boundaries framework and the human development reports initiative of the United Nations Development Programme. Originality/value Based on the capability approach, this study applies Carnegie et al.’s (2023) framework to SEA. This new approach more attuned to the pursuit of sustainable human development and the sustainable development goals, may contribute to turning accounting into a major positive force through its impacts on the world, expressly upon organisations, people and nature.

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“…Namun, faktor-faktor seperti lingkungan politik, ekonomi, hukum, serta aspek kognitif dan psikologis manajer memengaruhi penerapan praktik akuntansi lingkungan (Nwandu et al, 2021). Penelitian sebelumnya berfokus pada pengungkapan dan kinerja lingkungan perusahaan besar, serta konsep akuntansi dan pelaporan berkelanjutan (Asiaei et al, 2022;Maechler, 2022). Namun, belum ada penelitian yang secara khusus menginvestigasi implementasi akuntansi lingkungan di sektor ekonomi kreatif, terutama niat perilaku pemilik UMKM di Indonesia.…”

Section: Pendahuluanunclassified

Praktik akuntansi lingkungan pada sektor ekonomi kreatif Indonesia: Studi niat perilaku UMKM milenial

Alfarizi

2023

JATI

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Global environmental problems are receiving increasing attention from academics, policymakers, regulators, activists, and the public. Although economically significant, Indonesian Micro, Small, and Medium Enterprises (MSME) are the main contributors to environmental pollution. Environmental Accounting (EA) calculates the cost of the environmental impact of business operations. However, it is unclear whether environmental impact costs have been calculated in traditional accounting. The millennial generation dominates MSME owners in Indonesia. This study analyzes the factors that encourage the intention of millennial MSME owners to apply Environmental Accounting Practices. This study uses the theory of planned behavior and an online survey with 164 respondents. Data analysis using PLS-SEM. The results show that the benefits of environmental accounting, price, complex integration, and subjective norms affect the attitude of millennial MSME owners toward environmental accounting. The price and complexity of integration encourage millennial MSME owners to control their behavior. Organizational environmental regulations and orientation have no significant effect. Subjective norms, attitudes, and behavioral controls affect the behavioral intention of environmental accounting in millennial generation MSMEs. These findings are essential for MSME owners, policymakers, MSME associations, and Indonesian academics.

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Accounting for whom? The financialisation of the environmental economic transition

Cited by 13 publications

References 78 publications

Sustainability reporting: How consistency and interdependence in financial and managerial accounting enhance eco‐controls

Sustainability reporting: How consistency and interdependence in financial and managerial accounting enhance eco‐controls

An institutionalist political-economy perspective on social and environmental accounting

Praktik akuntansi lingkungan pada sektor ekonomi kreatif Indonesia: Studi niat perilaku UMKM milenial

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