Multi-criteria decision-making (MCDM) techniques for ranking the drivers and executive solutions of social and environmental accounting

Mahdi Askari Shahamabad, Kazem Shamsadini, Hassan Yazdifar and Fateme Askari Shahamabad

International Journal of Islamic and Middle Eastern Finance and Management, 2025, vol. 18, issue 4, 813-834

Abstract: Purpose - Social and environmental accounting (SEA) is a method that may strengthen imagination and new ideas and methods for sustainability leadership. Governments and companies should consider the drivers and executive solutions of SEA comprehensively. This study aims to identify the SEA drivers and their executive solutions. Design/methodology/approach - The literature review is used to identify the drivers and executive solutions of SEA. Then, using the opinions of 21 experts and the techniques of the analytical hierarchy process (AHP) and the Technique for Order of Performance by Similarity to Ideal Solution (TOPSIS) in the fuzzy environment, weights and prioritization of these drivers and executive solutions are obtained. Findings - The research showed that the most critical drivers of SEA include “sustainable economic development, increasing stock value, management environmental commitment, and corporate social responsibility (CSR)”, respectively. Also, “presenting SEA standards (SEA mandatory)” and “obtaining environmental certifications” are the most critical SEA executive solutions that can help strengthen SEA drivers, especially those mentioned above. Originality/value - To the best of the authors’ knowledge, this study is the first in the literature to use a combination of multi-criteria decision-making techniques (AHP-TOPSIS) to rank drivers and select the most suitable SEA executive solutions. The proposed method presents an advanced approach for handling uncertainty to rank drivers and executive solutions of SEA, which can help achieve sustainable development.

Keywords: Social and Environmental Accounting (SEA); Sustainability; Multi-criteria decision-making (MCDM); Fuzzy set theory (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eme:imefmp:imefm-09-2023-0318

DOI: 10.1108/IMEFM-09-2023-0318

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