Promoting sustainable development through strategies, environmental management accounting and environmental performance

Extant research on environmental management accounting (EMA) has mainly emphasised its impact on environmental disclosures and cost measurements, while the role of EMA in environmental performance has largely been neglected. Hence, the study addressed the literature gap by applying the natural resou...

Full description

Saved in:
Bibliographic Details
Published in:Business strategy and the environment 2023-05, Vol.32 (4), p.1914-1930
Main Authors: Appannan, Jeya Santhini, Mohd Said, Ridzwana, Ong, Tze San, Senik, Rosmila
Format: Article
Language:English
Subjects:
Clean technology
dynamic capabilities theory
EMA
Empirical analysis
Environmental accounting
Environmental impact
Environmental management
Environmental performance
Environmental research
environmental strategies
Innovations
Malaysia
Management
Management accounting
Multivariate statistical analysis
Natural resources
natural resource‐based view theory
Pollution
Pollution abatement
Pollution effects
Pollution prevention
Prevention
Sustainable development
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Extant research on environmental management accounting (EMA) has mainly emphasised its impact on environmental disclosures and cost measurements, while the role of EMA in environmental performance has largely been neglected. Hence, the study addressed the literature gap by applying the natural resource‐based view (NRBV) and the dynamic capabilities (DC) theory to investigate EMA as a fundamental managerial innovation mechanism that explains the relationship between environmental strategies and environmental performance. Questionnaires were used to gather data from 145 managers of ISO14001‐certified Malaysian companies. The results of the Partial Least Squares Structural Equation Modelling (PLS‐SEM) analysis demonstrated that EMA mediates the effects of pollution prevention and clean technology strategies on environmental performance but not the effect of the process stewardship strategy. The findings encourage companies to adopt specific environmental strategies to attain better environmental performance through EMA. Moreover, the results highlighted the company limitations in improving environmental performance. The study is one of the first few attempts to integrate EMA with environmental strategies through the application of the NRBV and the DC theory. Additionally, the study provides empirical evidence that efficient EMA management can be transformed into reasonable operational performance and produce positive outcomes.
ISSN:0964-4733
1099-0836
DOI:10.1002/bse.3227