IDEAS home Printed from https://ideas.repec.org/a/eee/spacre/v19y2016i1p1-9.html
   My bibliography  Save this article

ISO 14051: A new era for MFCA implementation and research

Author

Listed:
  • Christ, Katherine L.
  • Burritt, Roger L.

Abstract

Material flow cost accounting (MFCA) is a tool designed to encourage eco-efficiency in organizations by focusing on a reduction in use of materials and related improvements in economic performance of corporations. It provides a way to identify win–win situations where monetary and environmental performance can both be improved. But take-up by business is slow, which seems to go against the notion of strong competition driving economic performance. A recent standard, ISO 14051, has been produced by the International Organization for Standardization, and could bring substantial change to MFCA implementation and research. Drawing on Rogers (2003) theory of diffusion of innovation, and with a focus on the first two stages of the innovation-decision process, knowledge and persuasion, this study sought to analyze MFCA and predict how the 2011 release of ISO 14051 might be expected to influence take-up of MFCA by business, and what this might mean for future research. The analysis revealed that, when combined with ISO involvement, MFCA is well placed in terms of Rogers’ theory, with the future likely to see increased diffusion of MFCA and, as adoption rates increase, more opportunities for research in this area. Specific areas identified as a result of the analysis include: the introduction of new research methods, the need for theoretically informed research, and the potential to address new research questions previously considered impractical.

Suggested Citation

  • Christ, Katherine L. & Burritt, Roger L., 2016. "ISO 14051: A new era for MFCA implementation and research," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 19(1), pages 1-9.
    • Handle: RePEc:eee:spacre:v:19:y:2016:i:1:p:1-9
    DOI: 10.1016/j.rcsar.2015.01.006
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1138489115000163
    Download Restriction: no
    File URL: https://libkey.io/10.1016/j.rcsar.2015.01.006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. S. Cooper & D. Crowther, 2008. "The adoption of value‐based management in large UK companies," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 9(3), pages 148-167, November.
    2. MaryAnn Reynolds & Kristi Yuthas, 2008. "Moral Discourse and Corporate Social Responsibility Reporting," Journal of Business Ethics, Springer, vol. 78(1), pages 47-64, March.
    3. Yazdifar, Hassan & Askarany, Davood, 2012. "A comparative study of the adoption and implementation of target costing in the UK, Australia and New Zealand," International Journal of Production Economics, Elsevier, vol. 135(1), pages 382-392.
    4. Malcolm Smith & Zaharah Abdullah & Rafizan Abdul Razak, 2008. "The diffusion of technological and management accounting innovation: Malaysian evidence," Asian Review of Accounting, Emerald Group Publishing Limited, vol. 16(3), pages 197-218, September.
    5. Roger L. Burritt & Tobias Hahn & STefan Schaltegger, 2002. "Towards a Comprehensive Framework for Environmental Management Accounting — Links Between Business Actors and Environmental Management Accounting Tools," Australian Accounting Review, CPA Australia, vol. 12(27), pages 39-50, July.
    6. Meade, Nigel & Islam, Towhidul, 2006. "Modelling and forecasting the diffusion of innovation - A 25-year review," International Journal of Forecasting, Elsevier, vol. 22(3), pages 519-545.
    7. Chenhall, Robert H., 2003. "Management control systems design within its organizational context: findings from contingency-based research and directions for the future," Accounting, Organizations and Society, Elsevier, vol. 28(2-3), pages 127-168.
    8. Arie Y. Lewin, 2014. "The Peer-review Process: The Good, the Bad, the Ugly, and the Extraordinary," Management and Organization Review, The International Association for Chinese Management Research, vol. 10(2), pages 167-173, July.
    9. Lewin, Arie Y., 2014. "The Peer-review Process: The Good, the Bad, the Ugly, and the Extraordinary," Management and Organization Review, Cambridge University Press, vol. 10(02), pages 167-173, July.
    10. Dunne, Theresa & Helliar, Christine & Lymer, Andy & Mousa, Rania, 2013. "Stakeholder engagement in internet financial reporting: The diffusion of XBRL in the UK," The British Accounting Review, Elsevier, vol. 45(3), pages 167-182.
    11. Rowe, Casey & Shields, Michael D. & Birnberg, Jacob G., 2012. "Hardening soft accounting information: Games for planning organizational change," Accounting, Organizations and Society, Elsevier, vol. 37(4), pages 260-279.
    12. Pérez-Méndez, José Antonio & Machado-Cabezas, Ángel, 2015. "Relationship between management information systems and corporate performance," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 18(1), pages 32-43.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yi-Xuan Wang & Chien-Hung Kuo & Rui Song & Allen H. Hu & Shu-Shen Zhang, 2017. "Potentials for Improvement of Resource Efficiency in Printed Circuit Board Manufacturing: A Case Study Based on Material Flow Cost Accounting," Sustainability, MDPI, vol. 9(6), pages 1-16, May.
    2. Sun, Jingchao & Na, Hongming & Yan, Tianyi & Che, Zichang & Qiu, Ziyang & Yuan, Yuxing & Li, Yingnan & Du, Tao & Song, Yanli & Fang, Xin, 2022. "Cost-benefit assessment of manufacturing system using comprehensive value flow analysis," Applied Energy, Elsevier, vol. 310(C).
    3. Braun, Anja T. & Kleine-Möllhoff, Peter & Reichenberger, Volker & Seiter, Stephan, 2018. "Survey concerning enablers for material efficiency activities in manufacturing, their supply chains and the transformation towards circular economy," Reutlingen Working Papers on Marketing & Management 2018-3, Reutlingen University, ESB Business School.
    4. Shaio Yan Huang & An An Chiu & Po Chi Chao & Ni Wang, 2019. "The Application of Material Flow Cost Accounting in Waste Reduction," Sustainability, MDPI, vol. 11(5), pages 1-27, February.
    5. Zeng, Huixiang & Zhou, Zhifang & Xiao, Xu, 2021. "MFCA extension from a life cycle perspective: Methodical refinements and use case," Resources Policy, Elsevier, vol. 74(C).
    6. Jui-Che Tu & Hsieh-Shan Huang, 2019. "Relationship between Green Design and Material Flow Cost Accounting in the Context of Effective Resource Utilization," Sustainability, MDPI, vol. 11(7), pages 1-15, April.
    7. Tran, Thuy Thanh & Herzig, Christian, 2021. "Improving decision-making through material flow cost accounting: the case of VietGreen bottled mineral water company," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 25(1), August.
    8. Romana Fernando Acabado, 2020. "Impact Assessment on the Economic and Financial Indicators of the Implementation of Lean Management Model," Journal of Intercultural Management, Sciendo, vol. 12(4), pages 49-69, December.
    9. Lulu Yang & Xu Xiao & Ke Gu, 2021. "Agricultural Waste Recycling Optimization of Family Farms Based on Environmental Management Accounting in Rural China," Sustainability, MDPI, vol. 13(10), pages 1-16, May.
    10. Mashudu D. Mbedzi & Huibrecht M. Van der Poll & John A. Van der Poll, 2018. "An Information Framework for Facilitating Cost Saving of Environmental Impacts in the Coal Mining Industry in South Africa," Sustainability, MDPI, vol. 10(6), pages 1-20, May.
    11. Hui‐Cheng Yu & Bor‐Yuan Tsai, 2018. "Environmental policy and sustainable development: An empirical study on carbon reduction among Chinese enterprises," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 1019-1026, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Heinz Ahn & Marcel Clermont & Stephan Schwetschke, 2018. "Research on target costing: past, present and future," Management Review Quarterly, Springer, vol. 68(3), pages 321-354, August.
    2. Janine Huisman & Jeroen Smits, 2017. "Duration and quality of the peer review process: the author’s perspective," Scientometrics, Springer;Akadémiai Kiadó, vol. 113(1), pages 633-650, October.
    3. Thuy Thanh Tran & Christian Herzig, 2020. "Material Flow Cost Accounting in Developing Countries: A Systematic Review," Sustainability, MDPI, vol. 12(13), pages 1-18, July.
    4. Artz, Martin & Homburg, Christian & Rajab, Thomas, 2012. "Performance-measurement system design and functional strategic decision influence: The role of performance-measure properties," Accounting, Organizations and Society, Elsevier, vol. 37(7), pages 445-460.
    5. Christ, Katherine L., 2014. "Water management accounting and the wine supply chain: Empirical evidence from Australia," The British Accounting Review, Elsevier, vol. 46(4), pages 379-396.
    6. Besim Bilalli & Rana Faisal Munir & Alberto Abelló, 2021. "A framework for assessing the peer review duration of journals: case study in computer science," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 545-563, January.
    7. repec:dau:papers:123456789/10775 is not listed on IDEAS
    8. Francesca Francioli & Alberto Quagli, 2021. "Management accounting change and the rise of Vespa (1884-1965)," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(suppl. 2), pages 313-338.
    9. Erik G. Hansen & Stefan Schaltegger, 2018. "Sustainability Balanced Scorecards and their Architectures: Irrelevant or Misunderstood?," Journal of Business Ethics, Springer, vol. 150(4), pages 937-952, July.
    10. Berrin Aytac & S. Wu, 2013. "Characterization of demand for short life-cycle technology products," Annals of Operations Research, Springer, vol. 203(1), pages 255-277, March.
    11. Church, Bryan K. & Kuang, Xi (Jason) & Liu, Yuebing (Sarah), 2019. "The effects of measurement basis and slack benefits on honesty in budget reporting," Accounting, Organizations and Society, Elsevier, vol. 72(C), pages 74-84.
    12. Anja Heinicke, 2018. "Performance measurement systems in small and medium-sized enterprises and family firms: a systematic literature review," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 28(4), pages 457-502, February.
    13. Ilse Svensson de Jong, 2021. "When Wrong Is Right: Leaving Room for Error in Innovation Measurement," JRFM, MDPI, vol. 14(7), pages 1-14, July.
    14. Hall, Matthew, 2010. "Accounting information and managerial work," LSE Research Online Documents on Economics 28539, London School of Economics and Political Science, LSE Library.
    15. Nair, Tara S. & Pradhan, Rachayeeta, 2010. "Binding stakeholders into moral communities: A review of studies on social responsibility of business," MPRA Paper 20767, University Library of Munich, Germany.
    16. Halkos, George & Nomikos, Stylianos, 2021. "Corporate social responsibility: Trends in global reporting initiative standards," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 106-117.
    17. Simone Aresu & Luigi Rombi & Andrea Cardia, 2019. "Management accounting systems in venture capital-backed start-up companies," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(3), pages 35-58.
    18. Hildegunn Mellesmo Aslaksen & Clare Hildebrandt & Hans Chr. Garmann Johnsen, 2021. "The long-term transformation of the concept of CSR: towards a more comprehensive emphasis on sustainability," International Journal of Corporate Social Responsibility, Springer, vol. 6(1), pages 1-14, December.
    19. Peres, Renana & Muller, Eitan & Mahajan, Vijay, 2010. "Innovation diffusion and new product growth models: A critical review and research directions," International Journal of Research in Marketing, Elsevier, vol. 27(2), pages 91-106.
    20. Cäker, Mikael & Siverbo, Sven, 2018. "Effects of performance measurement system inconsistency on managers’ role clarity and well-being," Scandinavian Journal of Management, Elsevier, vol. 34(3), pages 256-266.
    21. Sanna Hilden & Kati Tikkamäki, 2013. "Reflective Practice as a Fuel for Organizational Learning," Administrative Sciences, MDPI, vol. 3(3), pages 1-20, July.

    More about this item

    Keywords

    Contabilidad de costes del flujo de materiales; ISO 14051; Práctica; Investigación en el futuro; Difusión de la innovación; Material flow cost accounting; ISO 14051; Practice; Future research; Diffusion of innovation;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:spacre:v:19:y:2016:i:1:p:1-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/intelligence .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.