Contemporary Issues of Management Accounting - Doc
Added on 2021-04-21
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Running head: CONTEMPORARY ISSUES OF MANAGEMENT ACCOUNTINGClimate Change and its Consequences for the StakeholdersName of the University:Name of the Student:Authors Note:
1CONTEMPORARY ISSUES OF MANAGEMENT ACCOUNTINGTable of Contents1. Literature Review............................................................................................................21.1. Voluntary or Carbon Disclosure...............................................................................21.2. Stakeholder Theory...................................................................................................21.3. Regulatory Factors as Carbon Disclosure Determinants..........................................32. Conceptual Model............................................................................................................33. Hypothesis.......................................................................................................................44. Proxy Measures for Theoretical Constructs....................................................................55. Research Methodology....................................................................................................65.1. Research Approach...................................................................................................65.2. Data Collection.........................................................................................................65.3. Sampling and Sample Size.......................................................................................75.4. Data Analysis............................................................................................................7References............................................................................................................................9
2CONTEMPORARY ISSUES OF MANAGEMENT ACCOUNTING1. Literature Review1.1. Voluntary or Carbon Disclosure Hörisch, Freeman and Schaltegger (2014) stated that disclosure might be effective in amanner to overcome the information asymmetry between distinct participants of the market. Inthe climate change context decisions were taken by the consumers, investors and ownersregarding that determined the success of attaining low carbon economy. In contrast, Mansell(2015) indicated that greenhouse gas information gradually disclosed by the listed companies ofthe nation is conducted through two distinct channels of communication such as corporate reportalong with carbon disclosure project. The social and environment performance practice alongwith carbon disclosure needs resources with respect to expertise and funding (Ben‐Amar andMcIlkenny 2015). 1.2. Stakeholder TheoryAccording to Mitchell et al. (2016) stakeholder theory can be explained as organizationalmanagement theory along with voluntary carbon disclosures which deals with maintainingvalues and morals of managing stakeholders of a company. These researchers also evidencedthat this theory ensures that company’s purpose is to generate stakeholder value. For suchreasons, it needs to consider all its suppliers, consumers, shareholders and communities.Moriarty (2014) explained that the stakeholder ecosystem encompass anyone who is impacted bythe organization as well as its business workings. Organizations are deemed to make profit inorder to satisfy their stakeholders and ensure positive growth (Lee, Park and Klassen 2015).
3CONTEMPORARY ISSUES OF MANAGEMENT ACCOUNTINGFigure 1: Stakeholder Theory and Engagement(Source: Schaltegger and Burritt 2017)1.3. Regulatory Factors as Carbon Disclosure Determinants Weiss (2014) indicated that company size, profitability, gearing, financial slack andprofitability are the vital regulatory determinants of voluntary carbon disclosure. Weiss (2014)stated that considering these factors the companies are taking into account the effect of climatechange within economies that are intending to address through effective corporate carbonemission disclosure. Organizations monitor their carbon emissions over the product life cyclewhile considering the bottom line and recognizing ways to enhance resources allocation. 2. Conceptual ModelThe conceptual framework is prepared below in order to address the research questionand hypotheses. This conceptual framework focuses on the sustainable carbon disclosure andreporting process that has integrated aspects such as sustainability accounting, reporting and
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