The Role of Environmental Management Accounting in Sustainability

Quang Linh Huynh and Nguyen Van Kha ()
Additional contact information
Quang Linh Huynh: Faculty of Business Administration, Ho Chi Minh City University of Industry and Trade, Ho Chi Minh City 700000, Vietnam
Nguyen Van Kha: Center for Admissions and Communications & Center for High School Education, Ho Chi Minh City University of Industry and Trade, Ho Chi Minh City 700000, Vietnam

Sustainability, 2024, vol. 16, issue 17, 1-21

Abstract: This research explores the importance of environmental management accounting practices in businesses. It examines how market competition, environmental unpredictability, organizational size, and corporate governance influence the adoption of environmental management accounting tools and environmental performance. Data were collected from a survey of 397 individuals across various industries in Vietnam. The study found that greater environmental unpredictability, more intense market competition, larger organizational scale, and more effective corporate governance promote the use of environmental management accounting, leading to improved environmental performance. Additionally, environmental management accounting methods mediate the relationships among market competition, environmental uncertainty, organizational size, corporate governance, and environmental performance. This study contributes to the literature by highlighting the significance of environmental management accounting practices in Vietnam and offers practical insights for corporate leaders in developing countries. Overall, the findings suggest that businesses in competitive and unpredictable environments should prioritize the implementation of environmental management accounting practices to improve their environmental performance. This has practical implications for corporate leaders in developing countries like Vietnam, emphasizing the need for robust accounting practices to navigate environmental challenges.

Keywords: environmental management accounting; market competition; environmental uncertainty; corporate governance keyword; Vietnam (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/17/7440/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/17/7440/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:16:y:2024:i:17:p:7440-:d:1466019

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().