An expanded accounting framework for sustainable growth: Focus on the relationship between a focal firm and its stakeholders

Abstract

In contrast to current accounting principles, which have focused on financial information about the reporting entity, this study suggests that attention should be paid to the information about relationships between a focal firm and its stakeholders. That is, we could more accurately assess the sustainability of a firm's profit and growth by considering both its financial outcomes and business relationships. The rationale of the suggestion is that firms which facilitate mutual profitability between themselves and their stakeholders are more likely to achieve cooperative relationships and consequently enjoy better financial performance and sustainable growth than those who pursue their profitability in an exclusive way. This study therefore suggests that principles of accounting should embrace not only the incomes of a firm and its consolidations (subsidiaries, associates and joint arrangements) but also those of its stakeholders, such as suppliers.

Ética y sostenibilidad en la gestión contable: Un análisis documental en el contexto Mundial en los periodos 2009-2018

“…Por otra parte, la literatura científica se identifican múltiples aportes de publicaciones relacionadas con la ética y la sostenibilidad en la gestión contable, como: la ética empresarial (Köseoglu, Yildiz, y Ciftci, 2017); la sostenibilidad y la responsabilidad social empresarial en la gestión contable (Maldonado-Calero y Viteri-Martinez, 2016; Soderstrom, Soderstrom, y Stewart, 2017); la relación entre gestión contable y stakeholders de la empresa (Yoo y Nam, 2015); la reputación corporativa (Leiva, Ferrero, y Calderón, 2016); la responsabilidad social empresarial y la educación contable (Larrán-Jorge y Andrades-Peña, 2014); la educación en dirección de empresas (Seguí-Más, Jiménez-Arribas, y Tormo-Carbó, 2017); las prácticas de gestión de la sostenibilidad (Pérez-López, Moreno-Romero, y Barkemeyer, 2015); la gestión de la sostenibilidad empresarial y turismo (Köseoglu, Sehitoglu, Ross, y Parnell, 2016;Schneider, 2014).…”

A review of accounting research in internationalising journals in the South African region

“…Other topics include investigating the role of moral philosophy and ethics in CSR activities and disclosure (Ackers 2015), whether Buddhism is informing the sustainability practices of corporations in Sri Lanka (Abeydeera, Tregidga & Kearins 2016), the moderating effect of cultural dimensions on the relation between environmental and social disclosures and profitability (Khlif et al 2015), and emergence of integrated private reporting . Yoo and Nam (2015) proposed an accounting framework to provide information on both financial information of a focal firm and stakeholder relationships. Rao and Tilt (2016) examine the relationship between board diversity and CSR reporting.…”