Sustainability accounting reporting: issues for the automobile industry

IF 3.5 Q1 BUSINESS, FINANCE
Juan Carlos García-Piña Rosete, Rafael Hernandez Barros
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引用次数: 0

Abstract

Purpose

The purpose of this research is to highlight the imperative need for an internationally accepted standard for sustainability accounting reporting, not exclusive to the analyzed sector but across all industries.

Design/methodology/approach

This paper uses an enhanced analysis of existing empirical literature on accounting reporting for sustainability efforts in corporate practices. The study uses two statistical techniques: multiple linear regression analysis and structural equations modeling, focusing on a sample drawn from the Newsweek Green Rankings within the automobile industry. Specifically, the analysis is conducted on data spanning from 2014 to 2016, covering three years and comprises 25 corporations from the Global Fortune 500 list.

Findings

The empirical analysis reveals a significant gap in sustainable reporting practices, highlighting the challenges of nonstandardized managerial accounting across the globe. This research portrays key benefits including enhanced data accessibility and the adoption of sustainable practices across industries. Furthermore, assisting in academic research.

Research limitations/implications

The study addresses challenges in researching sustainability constraints across various dimensions. The obtained empirical data could inform stakeholders, including accounting setters and managers in the automobile industry, about the pressing need to set uniform sustainability constraints comprehensively and to implement global reporting standards to foster transparency and accountability.

Practical implications

The sustainability accounting setters, such as Sustainability Accounting Standards Board and International Financial Reporting Standards Foundation, face the challenge of adopting globally accepted accounting standards for sustainability reporting. The statistical evidence correlates sustainable variables with three profitability margins (earnings before interest and taxes, earnings before interest taxes, depreciation and amortization and pretax), providing empirical proof of the degree of correlation among them.

Social implications

This paper aims to collaborate with the Meditari Accountancy Research Journal in bridging the gap in international standards for sustainability accounting reporting. It emphasizes the global significance of achieving a standardized approach to reporting for sustainability and its potential positive impact on corporations, governments, academic research teams and society.

Originality/value

Diverse societal stakeholders have advocated for the implementation of a more sustainable world. Currently, there is no international agreement on how to report for sustainability efforts. This paper evidences this gap, which if persistent would not allow for an accurate evaluation of progress and fulfillment of goals, causing a subpar performance without standard measures.

可持续性会计报告:汽车行业面临的问题
本研究的目的是强调国际公认的可持续发展会计报告标准势在必行,该标准不仅适用于分析行业,还适用于所有行业。本文对企业实践中可持续发展会计报告的现有实证文献进行了强化分析。研究采用了两种统计技术:多元线性回归分析和结构方程建模,重点关注《新闻周刊》汽车行业绿色排行榜的样本。研究结果实证分析揭示了可持续报告实践中存在的巨大差距,凸显了全球非标准化管理会计所面临的挑战。这项研究带来的主要益处包括提高了数据的可获取性,并促进了各行业采用可持续做法。此外,本研究还有助于学术研究。研究局限性/影响本研究解决了研究可持续发展各方面制约因素所面临的挑战。所获得的实证数据可以让利益相关者(包括汽车行业的会计制定者和管理者)了解全面制定统一的可持续发展约束条件以及实施全球报告标准以促进透明度和问责制的迫切需要。实践意义可持续发展会计制定者(如可持续发展会计准则委员会和国际财务报告准则基金会)面临着采用全球公认的可持续发展报告会计准则的挑战。统计证据表明,可持续变量与三个利润率(息税前利润、息税前利润、折旧及摊销前利润和税前利润)相关,为它们之间的相关程度提供了实证证明。 社会意义本文旨在与《地中海会计研究期刊》合作,弥补可持续发展会计报告国际标准方面的差距。它强调了实现可持续发展报告标准化的全球意义,及其对企业、政府、学术研究团队和社会的潜在积极影响。目前,国际上尚未就如何报告可持续发展工作达成一致。本文证明了这一差距,如果这一差距持续存在,就无法准确评估进展情况和目标实现情况,从而导致没有标准衡量标准的不佳表现。
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来源期刊
Meditari Accountancy Research
Meditari Accountancy Research BUSINESS, FINANCE-
CiteScore
7.80
自引率
14.30%
发文量
66
期刊介绍: Meditari Accountancy Research (MEDAR). MEDAR takes its name from the Latin for constantly pondering, suggesting a journey towards a better understanding of accountancy related matters through research. Innovative and interdisciplinary approaches are encouraged. The journal is a double blind refereed publication that welcomes manuscripts using diverse research methods that address a wide range of accountancy related topics, where the terms accountancy and accounting are interpreted broadly. Manuscripts should be theoretically underpinned. Topics may include, but are not limited to: Auditing, Financial reporting, Impact of accounting on organizations, Impact of accounting on capital markets, Impact of accounting on individuals, Management accounting, Public sector accounting, Regulation of the profession, Risk management, Social and environmental disclosure, Impact of taxation on society, Accounting education, Accounting ethics.
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