2011
DOI: 10.1108/18347641111169287
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Sustainability in businesses, corporate social responsibility, and accounting standards

Abstract: Purpose -The purpose of this paper is to examine the relationship of sustainable development in businesses with corporate social responsibility (CSR) and accounting, in 53 developed and emerging economies over the period 1997-2008. Design/methodology/approach -The authors test the relationship of sustainable development in businesses with CSR and accounting using ordinary least squares estimation technique for country-level panel data. Findings -The results of the analyses provide evidence that sustainable dev… Show more

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Cited by 53 publications
(43 citation statements)
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“…Business organizations have become aware of the importance of presenting information about the broader range of activities including both their financial performance and non-financial performance such as socially responsible performance (Akisik & Gal, 2011). After corporate scandals and financial crises, regulators, academicians, investors and other stakeholders called for greater corporate transparency from the business world.…”
Section: Introductionmentioning
confidence: 99%
“…Business organizations have become aware of the importance of presenting information about the broader range of activities including both their financial performance and non-financial performance such as socially responsible performance (Akisik & Gal, 2011). After corporate scandals and financial crises, regulators, academicians, investors and other stakeholders called for greater corporate transparency from the business world.…”
Section: Introductionmentioning
confidence: 99%
“…While the ethical approach of SEA theories (from previous subsection) depended on businesses to act in a righteous way so as to improve the overall welfare of the society, it seems wishful and contrary to the real behavior of firms, if learning from the industrial revolution and current state of earth's resources is anything to go by Millennium Ecosystem Assessment [9]. Moreover, in the absence of necessary legal framework to enforce firms to uphold their end of the ethical bargain, firms' motivation to behave ethically and (re)orient its conduct toward superior environmental performance, that the market and society in general would expect and reward, demands a mechanism that can easily be relied on to support internal and external information and decision-making needs of firms [17,25]. To pursue the argument, this subsection has relied on the instrumental view and explored how the methodological advances from the recent past promoted under the umbrella term of environmental management accounting (EMA) has furthered environmentally conscious methodologies to support decision-making efforts of management, and has improvised the role of accounting in helping firms target costs that are related to generation and prevention of waste.…”
Section: Methodological Improvements: Environmental Management Accounmentioning
confidence: 99%
“…Although scholars have supported the use of natural capital theory to understand the built environment and its sustenance in evaluating and accounting for contribution to natural and man-made wealth better [16], the absence of demarcated boundaries of causal relationships and ownership issues introduces the problems in accounting and accountability, where technical complexities to ascertain biodiversity-related losses are still to be resolved [10]. This goes along with the need to also have ecological and/or sustainability accounting standards [17][18][19].…”
Section: Contemporary Developments Within the Critical Accounting Thementioning
confidence: 99%
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“…CSR is considered as the indicator of social performance as most of the organizations realized this and started creating a separate report called sustainability report to show how they contribute to the betterment of society. Business organizations have become aware of the importance of presenting information about the broader range of activities including both their financial performance and non-financial performance such as corporate social performance (Aksik and Gal, 2011).…”
Section: Introductionmentioning
confidence: 99%