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Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies

Sustainability has emerged as a vital concern in addressing major environmental problems. Many countries suffer from severe environmental issues, mainly affected by industrial business activities that accumulate over time and adversely impact environmental performance. Moreover, environmental proble...

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Main Authors: Nirman Noor Afiqi Mat Yusoh,, Tuan Zainun Tuan Mat,, Azizah Abdullah,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2023
Online Access:http://journalarticle.ukm.my/21890/1/63897-211519-1-PB.pdf
http://journalarticle.ukm.my/21890/
https://ejournals.ukm.my/ajac/issue/view/1601
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spelling my-ukm.journal.218902023-07-17T08:48:14Z http://journalarticle.ukm.my/21890/ Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies Nirman Noor Afiqi Mat Yusoh, Tuan Zainun Tuan Mat, Azizah Abdullah, Sustainability has emerged as a vital concern in addressing major environmental problems. Many countries suffer from severe environmental issues, mainly affected by industrial business activities that accumulate over time and adversely impact environmental performance. Moreover, environmental problems are worsening as rapidly as their economic growth. Environmental Management Accounting System (EMAS) can enhance financial and business performances by evaluating financial and physical environment-related information. Despite the prominence of the EMAS, the level of EMAS adoption is still weak, especially in developing countries. This research examines the level of EMAS adoption among public listed companies in Malaysia and the institutional pressures influencing EMAS adoption. The institutional theory is the underlying theory, and data are collected via an online questionnaire. A total of 205 usable questionnaires were collected from the public listed companies in Malaysia. Ordinary Least Squares (OLS) regression analysis was conducted for hypothesis testing. Results indicated that EMAS had been moderately adopted among public listed companies in Malaysia. The findings revealed that the adoption level for Physical EMA (PEMA) and Monetary EMA (MEMA) is moderately adopted. The results indicate that most companies have a budget allocation for environmental activities. Specifically, this research found that coercive and mimetic pressures significantly influenced EMAS adoption among public listed companies in Malaysia. The result appears that normative pressure does not contribute significantly to the EMAS adoption among public listed companies in Malaysia. This research is significant to the companies, policymakers, and environmental regulatory bodies in understanding the level of EMAS adoption in Malaysia. The government and professional bodies should play a dynamic role in promoting EMAS adoption by issuing specific guidelines and environmental training. In addition, this research provides valuable contributions to the existing literature by providing useful insights into the institutional pressures influencing EMAS adoption among public listed companies in developing countries. Penerbit Universiti Kebangsaan Malaysia 2023 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/21890/1/63897-211519-1-PB.pdf Nirman Noor Afiqi Mat Yusoh, and Tuan Zainun Tuan Mat, and Azizah Abdullah, (2023) Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies. Asian Journal of Accounting and Governance, 19 . pp. 1-13. ISSN 2180-3838 https://ejournals.ukm.my/ajac/issue/view/1601
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Sustainability has emerged as a vital concern in addressing major environmental problems. Many countries suffer from severe environmental issues, mainly affected by industrial business activities that accumulate over time and adversely impact environmental performance. Moreover, environmental problems are worsening as rapidly as their economic growth. Environmental Management Accounting System (EMAS) can enhance financial and business performances by evaluating financial and physical environment-related information. Despite the prominence of the EMAS, the level of EMAS adoption is still weak, especially in developing countries. This research examines the level of EMAS adoption among public listed companies in Malaysia and the institutional pressures influencing EMAS adoption. The institutional theory is the underlying theory, and data are collected via an online questionnaire. A total of 205 usable questionnaires were collected from the public listed companies in Malaysia. Ordinary Least Squares (OLS) regression analysis was conducted for hypothesis testing. Results indicated that EMAS had been moderately adopted among public listed companies in Malaysia. The findings revealed that the adoption level for Physical EMA (PEMA) and Monetary EMA (MEMA) is moderately adopted. The results indicate that most companies have a budget allocation for environmental activities. Specifically, this research found that coercive and mimetic pressures significantly influenced EMAS adoption among public listed companies in Malaysia. The result appears that normative pressure does not contribute significantly to the EMAS adoption among public listed companies in Malaysia. This research is significant to the companies, policymakers, and environmental regulatory bodies in understanding the level of EMAS adoption in Malaysia. The government and professional bodies should play a dynamic role in promoting EMAS adoption by issuing specific guidelines and environmental training. In addition, this research provides valuable contributions to the existing literature by providing useful insights into the institutional pressures influencing EMAS adoption among public listed companies in developing countries.
format Article
author Nirman Noor Afiqi Mat Yusoh,
Tuan Zainun Tuan Mat,
Azizah Abdullah,
spellingShingle Nirman Noor Afiqi Mat Yusoh,
Tuan Zainun Tuan Mat,
Azizah Abdullah,
Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies
author_facet Nirman Noor Afiqi Mat Yusoh,
Tuan Zainun Tuan Mat,
Azizah Abdullah,
author_sort Nirman Noor Afiqi Mat Yusoh,
title Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies
title_short Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies
title_full Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies
title_fullStr Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies
title_full_unstemmed Institutional pressures and environmental management accounting system adoption: evidence from Malaysian public listed companies
title_sort institutional pressures and environmental management accounting system adoption: evidence from malaysian public listed companies
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2023
url http://journalarticle.ukm.my/21890/1/63897-211519-1-PB.pdf
http://journalarticle.ukm.my/21890/
https://ejournals.ukm.my/ajac/issue/view/1601
_version_ 1772812460257968128
score 13.211869

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