Environmental Management Accounting in the Malaysian Manufacturing Sector
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Published:
Feb 28, 2020
Keywords:
Environmental Performance, Monetary Environmental Management Accounting, Physical Environmental Management Accounting, ISO 14001 Environmental Management System
Main Article Content
Abstract
Research aim: This research investigates the relationship between EMA (monetary and physical) and environmental performance
Design/ Methodology/ Approach: This is a questionnaire-based survey study whereby the questionnaires are sent to 69 large manufacturing companies in Malaysia that are certified with ISO 14001 Environmental Management System.
Research finding: The study found no relationship between EMA (monetary and physical) and environmental performance.
Theoretical contribution/ Originality: The study highlights that the EMA literature is not yet comprehensive and as such, may result in the lack of a relationship with EMA.
Practitioner/ Policy implication: The results suggest that a formal environmental management accounting by the government may be able to assist to the lack of relationship between EMA and environmental performance.
Limitation/ Implication: The study sampled only large Malaysian manufacturing companies with ISO 14001 Environmental Management System. Additionally, a larger sample size may provide better results.
Type of article: Research paper
Keywords: Environmental Performance, Monetary Environmental Management Accounting, Physical Environmental Management Accounting, ISO 14001 Environmental Management System
JEL Classification: C30
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Burritt, R.L., Hahn, T., & Schaltegger, S. (2002). Towards a comprehensive framework for ema – link between business actors and ema tools. Australian Accounting Review, 12(27), 39-50. https://doi.org/10.1111/j.1835-2561.2002.tb00202.x
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Christine, D., Yadiati, W., Afiah, N.N., & Fitrijanti, T. (2019). the Relationship of Environmental Management Accounting, Environmental Strategy and Managerial Commitment with Environmental Performance and Economic Performance. International Journal of Energy Economics and Policy, 9(5), 458–464. https://doi.org/10.32479/ijeep.8284
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Claver, E., López, M. D., Molina, J.F., & Tarí, J.J. (2007). Environmental management and firm performance: A case study. Journal of Environmental Management, 84, 606–619. https://doi.org/10.1016/j.jenvman.2006.09.012
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Department of Statistic Malaysia (DOSM). (2017). Press Release Compendium of Environment Statistics. Retrieved from https://www/dosm.gov.my
Department of Statistic Malaysia (DOSM). (2017). Press Release Gross Domestic Product Third Quarter of 2017. Retrieved from https://www/dosm.gov.my/
Department of Statistic Malaysia (DOSM). (2018). Press Release Index of Industrial Production. Retrieved from https://www/dosm.gov.my/
Economic Planning Unit. (2017). The Malaysian Economy in Figure - 2017. Retrieved from https://www.epu.gov.my/
Eutsler, J., & Lang, B. (2015). Rating scales in accounting research: The impact of scale points and labels. Behavioral Research in Accounting, 27(2), 35–51. https://doi.org/10.2308/bria-51219
Frondel, M., Horbach, J., & Rennings, K. (2008). What triggers environmental management and innovation? Empirical evidence for Germany. Ecological Economics, 66(1), 153–160. https://doi.org/10.1016/j.ecolecon.2007.08.016
Frost, G.R., & Wilmshurst, T.D. (2000). The adoption of environment - related management accounting: an analysis of corporate environmental sensitivity. Accounting Forum, 24(4), 344–365. https://doi.org/10.1111/1467-6303.00045
Fuadah, L., & Arisman, A. (2013). Adopting Environmental Management Accounting (EMA) in Indonesia. Forum Bisnis Dan Kewirausahaan Jurnal Ilmiah STIE MDP Hal -16, 3(1), 16–25.
Fuzi, N.M., Habidin, N.F., Janudin, S.E., Yong, S., & Ong, Y. (2016). Environmental Management Accounting Practices and Environmental Performance for Malaysian Manufacturing Industry. International Journal of Academic Research in Business and Social Sciences, 6(11), 2222–6990. http://dx.doi.org/10.6007/IJARBSS/v6-i11/2380
Grekova, K., Bremmers, H.J., Trienekens, J.H., Kemp, R.G.M., & Omta, S.W.F. (2013). The mediating role of environmental innovation in the relationship between environmental management and firm performance in a multi-stakeholder environment. Journal on Chain and Network Science, 13(2), 119–137. https://doi.org/10.3920/JCNS2013.1003
Guenther, E., Endrikat, J., & Guenther, T.W. (2016). Environmental management control systems: a conceptualization and a review of the empirical evidence. Journal of Cleaner Production, 136, 147–171. https://doi.org/10.1016/j.jclepro.2016.02.043
Hair, J.F., Black, W.C., Babin, B.J., Anderson, R.E., & Tatham, R.L. (2006). Multivariate data analysis. Upper Saddle River, NJ: Pearson Prentice Hall.
Hair, J.F., Sarstedt, M., Hopkins, L., & Kuppelwieser, V.G. (2014). Partial least squares structural equation modeling (PLS-SEM) An emerging tool in business research. European Business Review, 26(2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128
Hart, S.L. (1995). A Natural-Resource-Based View of the Firm. The Academy of Management Review, 20(4), 986–1014. https://doi.org/10.2307/258963
Hart, S.L., & Dowell, G. (2011). A natural-resource-based view of the firm: Fifteen years after. Journal of Management, 37(5), 1464–1479. https://doi.org/10.1177/0149206310390219
Henri, J.F., & Journeault, M. (2010). Eco-control: The influence of management control systems on environmental and economic performance. Accounting, Organizations and Society, 35(1), https://doi.org/63–80. 10.1016/j.aos.2009.02.001
IFAC. (2005). International Guidance Document: Environmental Management Accounting.
Ilinitch, A.Y., Soderstrom, N.S., & Thomas, T.E. (1998). Measuring corporate environmental performance. Journal of Accounting and Public Policy, 17(4–5), 383–408. https://doi.org/10.1016/S0278-4254(98)10012-1
Jaidi, J., Noordin, R., Mail, R., & Lim, T. S. (2018). Organisational Performance, Environmental Management Accounting Practices and Competitive Advantage: Evidence from Malaysia. International Journal of Applied Business and Economic Research, 16(4), 24–25.
Jalaludin, D., Sulaiman, M., & Ahmad, N. N. N. (2010). Environmental management accounting: an empirical investigation of manufacturing companies in Malaysia. Journal of Asia-Pacific Centre for Environmental Accountability, 16(3), 31–45.
Jamil, C.Z.M., Mohamed, R., Muhammad, F., & Ali, A. (2015). Environmental management accounting practices in small medium manufacturing firms. Procedia Social and Behavioral Sciences, 172, 619–626. https://doi.org/10.1016/j.sbspro.2015.01.411
Jasch, C. (2003). The use of Environmental Management Accounting (EMA) for identifying environmental costs. Journal of Cleaner Production, 11, 667–676. https://doi.org/10.1016/S0959-6526(02)00107-5
Jasch, C. (2006). Environmental management accounting (EMA) as the next step in the evolution of management accounting. Journal of Cleaner Production, 14, 1190–1193. https://doi.org/10.1016/j.jclepro.2005.08.006
Jasch, C., Ayres, D., & Bernaudat, L. (2010). Environmental Management Accounting (EMA) Case Studies in Honduras – an Integrated UNIDO Project. Issues in Social and Environmental Accounting, 4(2), 89–103. https://doi.org/10.22164/isea.v4i2.48
Khalid, F. M., Lord, R., & Dixon, K. (2012). Environmental Management Accounting Implementation in Environmentally Sensitive Industries in Malaysia. In 6th NZ Management Accounting Conference. Palmerston North.
Klassen, R.D. & McLaughlin, C.P. (1996). The impact of environmental management of firm performance. Management Science, 42(8), 1199-1214.
Le, T.T., Nguyen, T.M.A., & Phan, T.T.H. (2019). Environmental management accounting and performance efficiency in the Vietnamese construction material industry-a managerial implication for sustainable development. Sustainability, 11(19), 1-32. https://doi.org/10.3390/su11195152
Lindell, M.K., & Whitney, D.J. (2001). Accounting for common method variance in cross-sectional research designs. Journal of Applied Psychology, 86(1), 114–121. https://doi.org/10.1037//0021-9010.86.1.114
Mahadi, A. (2019). Environment can threaten health, security. New Straits Times. Retrieved from https://www.nst.com.my/
Mokhtar, N., Jusoh, R., & Zulkifli, N. (2016). Corporate characteristics and environmental management accounting (EMA) implementation: evidence from Malaysian public listed companies (PLCs). Journal of Cleaner Production Journal, 30, 1–12. https://doi.org/10.1016/j.jclepro.2016.01.085
Mokthsim, N., & Salleh, K. O. (2014). Malaysia’s Efforts toward Achieving a Sustainable Development: Issues, Challenges and Prospects. Procedia Social and Behavioral Sciences, 120, 299–307. https://doi.org/10.1016/j.sbspro.2014.02.107
Pérez, A. E., Correa Ruiz, C., & Carrasco Fenech, F. (2007). Environmental management systems as an embedding mechanism: a research note. Accounting, Auditing and Accountability Journal, 20(3), 403–422. https://doi.org/10.1108/09513570710748562
Phan, T.N., & Baird, K. (2015). The comprehensiveness of environmental management systems: The influence of institutional pressures and the impact on environmental performance. Journal of Environmental Management, 160, 45–56. http://dx.doi.org/10.1016/j.jenvman.2015.06.006
Podsakoff, P.M., MacKenzie, S.B., Lee, J.Y., & Podsakoff, N.P. (2003). Common Method Biases in Behavioral Research: A Critical Review of the Literature and Recommended Remedies. Journal of Applied Psychology, 88(5), 879–903. https://doi.org/10.1037/0021-9010.88.5.879
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