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Green accounting practices: lesson from an emerging economy

Author

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  • Haruna Maama
  • Kingsley Opoku Appiah

Abstract

Purpose - Reporting on only the financial performance of an organisation is no longer the focus of reporting because, gradually, investors and other stakeholders demand that companies also report on their effect on the environment and the society. Accounting and reporting for the environment has, therefore, increasingly become important to stakeholders and organisations because the effect of an organisation’s environmental and social performance on its financial health. The purpose of this study is to examine the extend of voluntary green accounting practice of companies listed on the Ghana Stock Exchange (GSE). Design/methodology/approach - The analysis is based on content analysis of 202 annual reports of 23 listed firms in Ghana, from 2006 to 2015. Findings - The mining, oil and gas sector has integrated environmental sustainability information in their accounting system. With regards to the nature of green disclosure, the content analysis depicts that only positive qualitative disclosures were provided in the annual reports. Again, almost all the companies increased the quality and quantity of environmental disclosures over the years. Practical implications - The service and manufacturing sectors should integrate environmental sustainability information in their accounting system. This, in turn, may enhance their legitimacy to access critical resources for survival. Originality/value - This study contributes to the green and social reporting practices literature from Ghana, a sub-Sahara Africa country.

Suggested Citation

  • Haruna Maama & Kingsley Opoku Appiah, 2019. "Green accounting practices: lesson from an emerging economy," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 11(4), pages 456-478, May.
    • Handle: RePEc:eme:qrfmpp:qrfm-02-2017-0013
    DOI: 10.1108/QRFM-02-2017-0013
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    Citations

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    Cited by:

    1. Zhang, Ziqi & Su, Zhi & Wang, Ke & Zhang, Yongji, 2022. "Corporate environmental information disclosure and stock price crash risk: Evidence from Chinese listed heavily polluting companies," Energy Economics, Elsevier, vol. 112(C).
    2. Bablu Kumar Dhar & Sabrina Maria Sarkar & Foster K. Ayittey, 2022. "Impact of social responsibility disclosure between implementation of green accounting and sustainable development: A study on heavily polluting companies in Bangladesh," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(1), pages 71-78, January.
    3. Haruna Maama & Msizi Mkhize, 2020. "Integrated reporting practice in a developing country—Ghana: legitimacy or stakeholder oriented?," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 17(4), pages 230-244, December.
    4. Citra Sukmadilaga & Srihadi Winarningsih & Ivan Yudianto & Tri Utami Lestari & Erlane K. Ghani, 2023. "Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 509-515, March.
    5. Xiaofang Chen & P.R. Weerathunga & Mohammad Nurunnabi & K.M.M.C.B. Kulathunga & W.H.M.S. Samarathunga, 2020. "Influences of Behavioral Intention to Engage in Environmental Accounting Practices for Corporate Sustainability: Managerial Perspectives from a Developing Country," Sustainability, MDPI, vol. 12(13), pages 1-30, June.
    6. Christianna Chimonaki & Stelios Papadakis & Christos Lemonakis, 2024. "Environmental, Social, Governance and Gen-der Diversity Under the Adoption of European Directive 2014/95/EU," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 23(1), pages 162-188, January.
    7. Lisna Lisnawati & Titik Aryati & Juniati Gunawan, 2024. "Implementation of digital innovation on sustainability performance: the moderating role of green accounting in the industrial sector," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 1(13 (127)), pages 59-68, February.
    8. Gao, Bin & Zhang, Jinlong & Xie, Jun & Zhang, Wenjie, 2023. "The impact of carbon risk on the pricing efficiency of the capital market: Evidence from a natural experiment in china," Finance Research Letters, Elsevier, vol. 57(C).

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