Social accounting for sufficiency: Buddhist principles and practices, and their application in Thailand

Boyce, Gordon; Prayukvong, Wanna; Puntasen, Apichai

doi:10.1108/s1041-7060(2009)0000014007

Cited by 12 publications

(16 citation statements)

References 46 publications

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“…It can be expected that these values will resonate strongly with Thai’s due to their tie to Buddhism. According to the Buddhist belief, it is not in seeking wealth as the ultimate goal that will make people happy but rather by focusing on more intrinsic values (Boyce et al, 2009). Furthermore, greater COL has been tied to a greater preference for intrinsic rewards (Hagger et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Generation Z in Thailand

Farrell

Phungsoonthorn

2020

Int'l Jnl of Cross Cultural Management

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Generation Z has been said to have more in common with their global generational cohort than they do with their parents. The 24/7 access to information, through increasingly ubiquitous Internet access, has been credited as the facilitator of the spread of generational values and characteristics. While this may apply to Generation Z in many developed countries, does it apply in developing nations such as Thailand? For example, by the year 2015, only 40 percent of the Thai population had access to the Internet. Thus, this study attempts to understand to what extent proclaimed Generation Z characteristics and values ring true for a segment of Thai youth with the necessary access to and corresponding usage of connected technology. A literature review was conducted of both English and Thai language literature. Thai Generation Z university students were surveyed, and the results were analyzed using structural equation modeling. On the one hand, the results did support an affinity toward technology, on the other hand, it suggested that Thai youth valued and used the technology differently than their generational cohort in the west, especially concerning content creation. Furthermore, they differed from their global cohort in their preference for collectivism. They also differed from national cultural expectations as they showed tendencies toward low power distance. Finally, work values were largely consistent with international generational expectations in that they showed the strongest preference toward intrinsic and altruistic rewards. It will be essential for Human Resources (HR) to communicate these rewards to attract and retain this next generation of employees. This article contributes to the greater cross-cultural management scholarship by filling a gap in understanding the cultural and work values of a generational cohort in Thailand. It does this by highlighting the institutional and cultural setting this cohort came of age in and surveys cohort members to understand their values and preferences.

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Section: Introductionmentioning

confidence: 99%

Generation Z in Thailand

Farrell

Phungsoonthorn

2020

Int'l Jnl of Cross Cultural Management

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“…BE views increase of prosperity as not the concern of private business individual only but the concern is shared by the entire social system (Miller, 2009). In the economic realm, we need a re-evaluation of capitalism, market economies and in this regard we have something to learn from BE (Boyce et al, 2009). There needs to be guideline to ensure that business benefits do not hurt public interests.…”

Section: Discussion/conclusionmentioning

confidence: 99%

“…The teaching of Buddha is characterised by ethical integrity, meditation and stillness and penetrating inquiry (Boyce et al, 2009). The path to enlightenment (nirvana) is seen as a personal journey that is guided by the teachings, but it remains an individual way to self understanding.…”

Section: Buddhist Economicsmentioning

confidence: 99%

The turn in accounting and business education: neoclassical dominance to Buddhist economics

Sharma

2013

IJCA

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This paper critically analyses accounting and business education theories which are embedded in neoclassical economics. This paper calls for much broader critical theories than the technical neoclassical economics theory which is mathematically driven. We suggest an alternative, that of Buddhist economics (BE) which needs to be well articulated in the business and accounting curriculum in higher education. BE intends to infuse moral and ethical values in society in the wake of recent global financial crisis which has been shaped by greed. This paper calls for an alternative BE in business decision making which may shape people to be better corporate citizens. BE has been scarcely discussed in the mainstream accounting and business literature and this paper intends to expand on BE to provide a thorough understanding of ethical and moral values in society to which business and accounting education needs to pay particular attention. BE principles may create awareness amongst scholars and managers working within the traditional Western economic framework than other available alternatives. Engaging in BE education demonstrates our effort to assimilate theories that are broader and morally appealing for ethical behaviour amongst business and accounting students.

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“…Buddhist understanding of human nature is based on the interdependence of all things and the mutuality between cause and effect. Harmony within the social and natural worlds is recognised as essential to the cessation of suffering, necessitating the transcendence of self interest and of the encroachment on others in the pursuit of self interest (Boyce et al, 2009). Accounting that reflects of Buddhist moral teachings proposes an integral and transformative accounting.…”

Section: The Social Accounting In Borobudurmentioning

confidence: 99%

“…Previous studies prove that accounting is shaped by religious values (Choudhury, 1982;Nigam, 1986;Mattessich, 1989Mattessich, , 1998Yamey, 1994;Carmona & Ezzamel, 2007;Solas & Ayhan, 2007;Liyanarachchi, 2009Liyanarachchi, , 2015Boyce et al, 2009;Dillard, 2009). A study by Yamey (1994) shows that social accounting concept has evidently been in practice in the Middle Ages in Europe; it includes the earliest known exposition of the moral conduct of merchants.…”

Section: Introductionmentioning

confidence: 99%

Social accounting and ancient javanese society

Widhianningrum

Sukoharsono

Rosidi

2019

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The objective of this paper is to provide evidences of concerns about social accounting issues in ancient Javanese society in the case of Borobudur temple reliefs. This paper uses qualitative and interpretative approach as method. The data were collected through library research and observation in Borobudur temple. The result proves that social accounting in ancient Java was interpreted, as the manifestation of human’s spiritual journey to liberate himself from worldly desire in the quest for supreme enlightenment. The determination of sima and narrative reliefs about punishment for someone who captures and consumes natural resources excessively, provides evidences of good moral values contained in accounting and their implementation in business life. Based on the Buddhist philosophy, social accounting eventually came as an economic control and mediator for conflicts between human beings, their needs, and their environment in a holistic manner.

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Social accounting for sufficiency: Buddhist principles and practices, and their application in Thailand

Cited by 12 publications

References 46 publications

Generation Z in Thailand

Generation Z in Thailand

The turn in accounting and business education: neoclassical dominance to Buddhist economics

Social accounting and ancient javanese society

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