Can Management Accountants Play an Important Role in Moving Towards a Corporate Sustainability? : Evidence of Thailand

Abstract

This study aims to examine (1) management accountants’ roles in driving sustainable success to create a corporate sustainability, (2) environmental information in annual reports based on the indicators of the Global Reporting Initiatives (GRI) for effective management decisions, and (3) environmental information in the reports and the information identified by the environmental management accounting (EMA) practices. Management accountants drive as a collaborator with a company to provide environmental information incorporating in the reports for investment decisions. A set of survey is created to conduct environmental performance indicators in annual reports of 2011 and 2012 of two-hundred listed companies in Thailand. Regression analysis is considered appropriate for this study to analyse the relationship among variables. Positive accounting theory explains the findings.  The results of the study reveal that environmental information incorporated in annual reports is positively relevant to the indicators of the GRI guidelines. Environmental information in the reports is also significantly related to the data identified based on the EMA practices for enhancement of management decisions.  Management accountants’ roles in driving sustainable success create sustainable value from providing quality data on environmental sustainability to incorporate in the corporate disclosures