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The impact of environmental management accounting on environmental and financial performance: empirical evidence from Bangladesh

Author

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  • Bishawjit Chandra Deb
  • Md. Mominur Rahman
  • Muhammad Shajib Rahman

Abstract

Purpose - This study aims to investigate the impact of environmental management accounting (EMA) on manufacturing companies’ environmental and financial performance in Bangladesh. Thus, this research recognizes essential factors such as EMA, environmental performance (EP), financial performance (FP), environmental information systems (EIS), knowledge management (KM), green innovation and energy efficiency (EE). Design/methodology/approach - This research uses a quantitative approach and uses 323 responses from the manufacturing firms. This research tests the study model through the “Partial Least Square-Structural Equation Modeling” (PLS-SEM) technique using Smart PLS v3.3 software. This research uses AMOS v24 and 40% sample consideration to check the robustness. The study passes various model fit measures, i.e. reliability, validity, factor analysis and goodness of fit. Findings - The research finds that EMA is positively and significantly associated with EP and FP. The study also finds a substantial relationship between recognized factors with EMA and EP. This research connects the stakeholder theory and institutional theory to the EMA model and shows the pressures from stakeholders and institutions reassuring the manufacturing firms to implement EMA. This research evidences that EMA enhances EP and FP. Originality/value - The policymakers, regulators and government can consider these findings to formulate policy regarding companies’ EP and FP. Particularly, company executives can focus on KM, EIS, green innovation and EE factors for EP and FP.

Suggested Citation

  • Bishawjit Chandra Deb & Md. Mominur Rahman & Muhammad Shajib Rahman, 2022. "The impact of environmental management accounting on environmental and financial performance: empirical evidence from Bangladesh," Journal of Accounting & Organizational Change, Emerald Group Publishing Limited, vol. 19(3), pages 420-446, July.
    • Handle: RePEc:eme:jaocpp:jaoc-11-2021-0157
    DOI: 10.1108/JAOC-11-2021-0157
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    Citations

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    Cited by:

    1. Tianyao Zhen & Md. Mominur Rahman, 2024. "Greening Emerging Economies: Enhancing Environmental, Social, and Governance Performance through Environmental Management Accounting and Green Financing," Sustainability, MDPI, vol. 16(11), pages 1-23, June.
    2. Muhammad Raees Ashraf & Dr. Kausar Abbas, 2024. "Study of Firm Performance: EMS Adopter Firms to Achieve Sustainable Business Goals," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 357-361.
    3. Abdalwali Lutfi & Hamza Alqudah & Mahmaod Alrawad & Ahmad Farhan Alshira’h & Malek Hamed Alshirah & Mohammed Amin Almaiah & Adi Alsyouf & Mohammed Faisal Hassan, 2023. "Green Environmental Management System to Support Environmental Performance: What Factors Influence SMEs to Adopt Green Innovations?," Sustainability, MDPI, vol. 15(13), pages 1-20, July.

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