Driving Factors and Path Optimization of Sustainable Accounting Practices from the Perspective of Corporate Governance Structure

Linyun Xu ()
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Linyun Xu: University of New South Wales

A chapter in Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025), 2025, pp 251-258 from Springer

Abstract: Abstract In the context of global emphasis on sustainable development, sustainable accounting practices have become an important part of corporate governance. This paper explores the driving factors and path optimization of sustainable accounting practices from the perspective of corporate governance structure. Based on the theoretical framework of stakeholder theory and institutional theory, it analyzes how internal governance mechanisms such as board characteristics, ownership structure, and management incentives, as well as external institutional pressures and stakeholder demands, drive the implementation of sustainable accounting. The study finds that a sound corporate governance structure can effectively promote the integration of sustainable accounting into corporate operations. However, there are still some problems in the current practice, such as the lack of independence of the board, the concentration of ownership, and the imperfection of incentive mechanisms. In response to these issues, this paper proposes path optimization strategies, including improving the composition of the board of directors, optimizing the ownership structure, strengthening management incentives, and enhancing external supervision. This research provides theoretical and practical guidance for enterprises to promote sustainable accounting practices and improve corporate governance efficiency.

Keywords: Corporate governance structure; Sustainable accounting; Driving factors; Path optimization; Stakeholder theory; Institutional theory (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-811-0_26

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DOI: 10.2991/978-94-6463-811-0_26

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