Environmental Management Accounting Capability on Sustainable Performance Development and Firm Survival: Empirical Evidence from ISO 14000 Firms in Thailand
Keywords:
Environmental Management Accounting Capability, Firm Survival, Sustainable Performance DevelopmentAbstract
The purpose of this study was to examine the effect of environmental management accounting capability on sustainable performance development and firm survival. Data was collected in 2016 from 107 certified ISO 14000 firms in Thailand by questionnaire mail survey. The statistic used to analyze was the ordinary least square regression. The results revealed that two dimensions of environmental management accounting capability including environmental reporting transparency emphasis and environmental improvement disclosure implementation, had a significant positive influence on sustainable performance development and firm survival meanwhile only environmental identification efficiency orientation and environmental auditing effectiveness focus had significantly positive influence on sustainable performance development. Furthermore, sustainable performance development had a positive influence on firm survival. The suggestion of this research with the conclusions is highlighted as well.
References
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mining sector. Journal of Business and Management, 16(9), 82-92.
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Prachsriphum, S., & Ussahawanitchakit, P. (2009). Corporate social responsibility (CSR) information
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the cost and management accounting profession. Journal of accounting, Auditing and finance,
24(2), 333-355.
Rondinelli, D.,& Berry, M. (1997). Industry’s role in air quality improvement: environmental management
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view. California Management Review, 45(1), 6-28.
Setthasakko, W. (2010). Barriers to the development of environmental management accounting: an
exploratory study of plup and paper companies in Thailand. EuroMed Journal of Business, 5(3), 315–331.
Sonmez, A. (2013). Firm entry,survival, and exit. Academic Journal of Interdisciplinary Studies, 2(9), 160-167.
Szekely, F., & Knirsch, M. (2005). Leadership and corporate responsibility metrics for sustainable
corporate performance. European Management Journal, 23(6), 628-647.
Thai Industrial Standards Institute, Ministry of Industry. (2016). Number of Certified ISO 14000. Retrieved
April 15, 2016, from http//app.tisi.go.th/
Thompson, D., & Wilson, M. (1994). Environmental auditing: theory and applications. Environmental
Management, 18, 605-615.
Tsui, C. S. K. (2014). A literature review on environmental management accounting (EMA) adoption.
Journal of Chinese Management Review, 17(3), 1-19.
UNDSD. (2002). Environmental management accounting: Policies and linkages. New York: United Nation.
Vasile, E., & Man, M. (2012). Current dimension of environmental management accounting. Social and
Behavioural Sciences, 62, 566-570.
Armstrong. J. C., & Overton, T. S. (1977). Estimating nonresponse bias in mail surveys. Journal Marketing
Research, 14: 396-402.
Berthelot. S., Cormier, D., & Magnan, M. (2003). Environmental disclosure research: Review and synthesis.
Journal of Accounting Literature, 22, 1–44.
Bowen, G. A. (2009). Document analysis as qualitative research method. Qualitative Research, 9 (2), 27-40.
Burritt, R. L., Hahn, T., & Schaltegger, S. (2002). Towards a comprehensive framework for environmental
management accounting – links between business actors and environmental management
accounting tools. Australian Accounting Review, 12(2), 39-50.
Choe, J. (2004). The relationships among management accounting information, organizational learning and
production performance. Journal of Strategic Information Systems, 13, 61–85.
Cormier, D., & Magnam, M. (2003). Does disclosure matter? CA magazine. May: 43-50.
De Palma, R., & Csutora, M. (2001). Introducing environmental management accounting (EMA) at
enterprise level – methodology and case studies from central and eastern Europe. [Online].
Available from: https://unipub.lib.uni corvinus.hu/223/1/Robertacsutora.pdf [accessed May 18, 2015].
Department of Environmental Affairs and Tourism. (2004). Environmental auditing. Integrated
environmental management guideline series. Information series 14. Pretoria.
Elkington, J. (1997). Cannibals with Forks: The triple bottom line of 21st century business. Capstone: Oxford.
Gui-zhen, H., Yong-long, L., Hua, M. , & Xiao-long, W. (2007). Multi-indicator assessment of water
environment in government environmental auditing. Journal of Environmental Sciences, 19, 494-501.
Hair, Jr. J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis: A global
perspective (7th ed.). New Jersey: Pearson Prentice Hall.
Holliday, C. (2001). Sustainable growth, the DuPont way, Harvard Business Review, 78(8), 129–134.
Howes, R. (2004). Environmental cost accounting: Coming of age? Tracking organizational performance
towards environmental sustainability, in Henriques and Richardson the Triple Bottom Line:
Does It All Add Up? London: Earthscan.
IFAC. (2005). International guidance document of environmental management accounting. New York: United Nation.
Jasch, C. (2003). The use of environmental management accounting (EMA) for identifying environmental
costs. Journal of Cleaner Production, 11, 667-676.
Jing, H., & Songqing, L. (2011). The research of environmental costs based on activity based cost.
Procedia Environmental Sciences, 10, 147-151.
Johnson, S. (2004). Environmental management accounting. ACCA Technical Article, 1-9.
Khuntia, R. (2014). Corporate environmental reporting: A changing trend in the corporate world for
sustainable development. International Journal of Research in Business Management, 2(10), 15-24.
Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research activities. Educational and
Psychological Measurement, 30, 607-610.
Lee, W. E., & Sweeney, J. T. (2015). Use of discretionary environmental accounting narratives to influence
stakeholders: The case of jurors’ award assessments. Journal Business Ethics, 129, 673–688.
Mathur, L. K., & Mathur, L. (2000). An analysis of the wealth effects of green marketing strategies. Journal
of Business Research, 50, 193-200.
Medley, P. (1997). Environmental accounting – what does it mean to professional accountants?,
Accounting, Auditing & Accountability Journal, 10(4), 594-600.
Ministry of Environment. (2005). Environmental accounting guidelines. Japan: Ministry of the Environment.
Munteanu, A. R. (2013). Environmental management accounting (EMA) implementation: motivation and
expected results from a business perspective. The Academy of Economics Studies. Romana
Square. Bucharest: Romania.
Muza, C., & Magadi, I. (2014). Environmental management accounting implementation in Zimbabwe
mining sector. Journal of Business and Management, 16(9), 82-92.
Namakonzi, R., & Inanga, E. (2014). Environmental management accounting and environmental
management in manufacturing industries in Uganda. African Journal of Economic and
Sustainable Development, 3, 288-329.
Norhasimah, M. N., Bahari, N. A. S., Adnan, N. A., Kamal, S. M. Q. A. S., & Alia, I. M. (2016). The effects
of environmental disclosure on financial performance in Malaysia. Procedia Economics and
Finance, 35, 117 – 126.
Orlitzky, M. (2001). Does firm size confound the relationship between corporate social performance and
firm financial performance? Journal of Business Ethics, 33(2), 167-180.
Pagalung, G. (2016). Environmental management accounting: identifying future potentials. Management
Accounting Journal, 11(1), 1-12.
Prachsriphum, S., & Ussahawanitchakit, P. (2009). Corporate social responsibility (CSR) information
disclosure and firm sustainability: An empirical research of Thai-listed firm. Journal of
International Business and Economics, 9(4), 40-59.
Ratnatunga, J., & Balachandran, K. (2009). Carbon business accounting: The impact of global warming on
the cost and management accounting profession. Journal of accounting, Auditing and finance,
24(2), 333-355.
Rondinelli, D.,& Berry, M. (1997). Industry’s role in air quality improvement: environmental management
opportunities for the 21st century. Environmental Quality Management, 7, 31-44.
Sachs, S., Post, J. E., & Preston, L. E. (2002). Managing the extended enterprise: The new stakeholder
view. California Management Review, 45(1), 6-28.
Setthasakko, W. (2010). Barriers to the development of environmental management accounting: an
exploratory study of plup and paper companies in Thailand. EuroMed Journal of Business, 5(3), 315–331.
Sonmez, A. (2013). Firm entry,survival, and exit. Academic Journal of Interdisciplinary Studies, 2(9), 160-167.
Szekely, F., & Knirsch, M. (2005). Leadership and corporate responsibility metrics for sustainable
corporate performance. European Management Journal, 23(6), 628-647.
Thai Industrial Standards Institute, Ministry of Industry. (2016). Number of Certified ISO 14000. Retrieved
April 15, 2016, from http//app.tisi.go.th/
Thompson, D., & Wilson, M. (1994). Environmental auditing: theory and applications. Environmental
Management, 18, 605-615.
Tsui, C. S. K. (2014). A literature review on environmental management accounting (EMA) adoption.
Journal of Chinese Management Review, 17(3), 1-19.
UNDSD. (2002). Environmental management accounting: Policies and linkages. New York: United Nation.
Vasile, E., & Man, M. (2012). Current dimension of environmental management accounting. Social and
Behavioural Sciences, 62, 566-570.
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Published
25-10-2019
How to Cite
Ratanasongtham, W., Ussahawanitchakit, P., & Janjarasjit, S. (2019). Environmental Management Accounting Capability on Sustainable Performance Development and Firm Survival: Empirical Evidence from ISO 14000 Firms in Thailand. Journal of Accountancy and Management, 10(3), 17–32. Retrieved from https://so02.tci-thaijo.org/index.php/mbs/article/view/223052
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