Factors Influencing Carbon Management Accounting Adoption in Indonesia

Abstract

This study aims to analyze the effects of green strategy, green social capital, and environmental consciousness on carbon management accounting adoption with green culture as a moderating variable. The study uses a quantitative approach by distributing questionnaires to 340 respondents in middle-up management positions in listed and non-listed companies on the Indonesian Stock Exchange. Multiple linear regression analysis was used with the Smart PLS & SPSS statistical tool. This research shows that green strategy has a significant positive effect and green social capital has a significant positive effect on carbon management accounting adoption. Meanwhile, environmental consciousness has no significant effect and green culture cannot moderate the relationship between green strategy, green social capital, and environmental consciousness on carbon management accounting adoption. The contribution of this research provides four new dimensions and 17 new indicators in measuring the adoption of carbon management accounting according to the Indonesian context. Also, this proves that carbon management accounting adoption needs to be supported by the implementation of a green strategy and the development of human resources who are always willing to share knowledge related to climate change issues as evidence to stakeholders of the efforts of corporations to support reducing greenhouse gas emissions.