Modeling Water Management Accounting on the Financial Performance of Listed Companies: A Dynamic Stochastic General Equilibrium Approach (with Emphasis on Cultural and Social Policies)

مدل‌سازی حسابداری مدیریت آب بر عملکرد مالی شرکت‌های بورسی: رویکرد تعادل عمومی تصادفی پویا (با تأکید بر سیاست‌های فرهنگی و اجتماعی)

Elham Soleimanizadeh, Allah Karam Salehi, Mehdi Basirat and Ali Afrous
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Elham Soleimanizadeh: Department of Accounting, Ahv.C., Islamic Azad University, Ahvaz, Iran.
Allah Karam Salehi: Department of Accounting, MaS.C., Islamic Azad University, Masjed-soleiman, Iran.
Mehdi Basirat: Department of Economics, Ahv.C., Islamic Azad University, Ahvaz, Iran.
Ali Afrous: Department of Environmental Engineering, NT.C., Islamic Azad University, Tehran, Iran.

Journal of Accounting Advances (JAA), 2026, vol. 17, issue 2, 259-312

Abstract: Continuous and excessive use of water resources has led to a decrease in the volume of water reserves and an imbalance in this area. Water management accounting is a crucial solution to improve water efficiency in various economic sectors. As a result, the present study aims to model water management accounting on the financial performance of listed companies with an emphasis on cultural and social policies. The three indicators of ROE, ROA, and economic value added have been used as performance indicators. The research is applied in terms of purpose and is qualitative-quantitative research in terms of nature. The research period is 2011-2023. In the qualitative part, a questionnaire was used, and in the quantitative part, information from financial statements was used. The DSGE approach was used to create alignment between sectors and create interaction between them. Based on the results, policies based on cultural factors in the field of water management accounting have a stronger impact on firms' performance indicators than social factors. Policies based on improving education in the field of water management accounting have the highest impact on performance indicators. The higher impact of cultural policies in the field of water management accounting than social policies is based on the direct impact of these policies on firm performance, while social policies in the field of water management accounting affect performance through the channel of corporate social responsibility. The cultural and social factors had the highest impact on the ROA performance index. The results confirm the stakeholder theory based on the role of corporate culture and social responsibility in the field of water sustainability towards society.

Keywords: Water Management Accounting; Cultural Factors; Social Factors; Dynamic Stochastic General Equilibrium (search for similar items in EconPapers)
JEL-codes: E32 G30 M41 Q25 Z13 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jaccad:023590

DOI: 10.22099/jaa.2026.53505.2520

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