Environmental Management Accounting and Performance Efficiency in the Vietnamese Construction Material Industry—A Managerial Implication for Sustainable Development

Thi Tam Le, Thi Mai Anh Nguyen and Thi Thu Hien Phan
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Thi Tam Le: Department of Accounting, Thuyloi University, 175, Tay Son, Dong Da, Hanoi 100000, Vietnam
Thi Mai Anh Nguyen: Department of Auditing, Hanoi University of Resources and Environment, Hanoi 100000, Vietnam
Thi Thu Hien Phan: Department of Accounting, University of Economics – Technology for Industries, Hanoi 100000, Vietnam

Sustainability, 2019, vol. 11, issue 19, 1-32

Abstract: This study was conducted to investigate factors impacting the application of environmental management accounting (EMA) and the relationship between EMA application and performance efficiency including financial and environmental sectors. The scope of research was to investigate construction material manufacturing enterprises in Vietnam with medium and large scales, which is considered one of the industries causing significant negative impacts on the environment. The questionnaires were sent to chief management accountants of 600 construction material enterprises in Vietnam from 2018 to 2019. This process obtained 418 valid votes. Using SPSS 22.0 software to process data, the research results indicate that there are six factors that positively influence the application of EMA practices, including government enforcement, stakeholder interest, positive environmental strategies, community expectations, professional education network, and financial condition, of which, government enforcement has the most significant and positive relationship with the adoption of EMA. On the other hand, it appears that the application of EMA positively impacts financial efficiency and environmental efficiency. As found by many previous studies, environmental efficiency also strongly positively impacts financial efficiency. Thus, innovative solutions to reduce environmental pollution can promote enterprises’ profitability.

Keywords: Vietnamese construction materials; environmental management accounting; institutional theory; contingency theory; legitimacy theory; stakeholder theory; financial and environmental efficiency (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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