The Impact of Environmental Strategies and Accounting Practices on Corporate Environmental Performance: Evidence from Greece

Athina Eva Voskopoulou, Petros Lois, Alkis Thrassou and George Drogalas ()
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Athina Eva Voskopoulou: Department of Business Administration, School of Business Administration, University of Macedonia, 156 Egnatia Street, GR-54636 Thessaloniki, Greece
Petros Lois: Department of Accounting, School of Business, Economics and Finance, University of Nicosia, 46 Makedonitissas Avenue, CY-2417 Nicosia, Cyprus
Alkis Thrassou: Department of Management, School of Business, University of Nicosia, 46 Makedonitissas Avenue, CY-2417 Nicosia, Cyprus
George Drogalas: Department of Business Administration, School of Business Administration, University of Macedonia, 156 Egnatia Street, GR-54636 Thessaloniki, Greece

IJFS, 2025, vol. 13, issue 4, 1-25

Abstract: This study explores the impact of environmental accounting practices on corporate environmental performance in Greek enterprises. Grounded in environmental management accounting (EMA), strategic management theory, Stakeholder Theory, and Institutional Theory, it employs a quantitative analysis of data collected via a Likert-type questionnaire in 2024. The focus lies in GRI-based indicators, green technologies, environmental investments, and reporting mechanisms. While international standards such as ISO 14001 and EMAS are considered conceptually, they are not empirically assessed. Data were analyzed using IBM SPSS Statistics (version 29.0) and SmartPLS (version 4.0). The results show that organizations implementing structured environmental accounting systems experience enhanced environmental performance, including greater transparency, regulatory compliance, and innovation capacity. This study fills a gap in the Greek context and emphasizes the strategic role of environmental accounting in advancing sustainability and competitiveness.

Keywords: environmental accounting; environmental performance; environmental indicators; sustainability; green technologies (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2025
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