Becoming sustainable: A rational decision based on sound information and effective processes?

Journal of Management Accounting Research

Volumn 28, Issue 2, 2016, Pages 13-28

  Hales, Jeffrey ^a   Matsumura, Ella Mae ^b   Moser, Donald V ^c   Payne, Rick ^d  

^a GEORGIA INSTITUTE OF TECHNOLOGY   (United States)

^b UNIVERSITY OF WISCONSIN MADISON   (United States)

^c UNIVERSITY OF PITTSBURGH   (United States)

^d ICAEW Chartered Accountants' Hall   (United Kingdom)

Author keywords

Corporate social responsibility; Decision making; Performance management; Sustainability

Indexed keywords

EID: 84988375090     PISSN: 10492127     EISSN: 15588033     Source Type: Journal    
DOI: 10.2308/jmar-51394     Document Type: Article

References (56)

1. Balakrishnan, R., G. B. Sprinkle, and M. G. Williamson. 2011. Contracting benefits of corporate giving: An experimental investigation. The Accounting Review 86 (6): 1887-1907.
2. Bebbington, J., and I. Thomson. 2013. Sustainable development, management and accounting: Boundary crossing. Management Accounting Research 24 (4): 277-283.
3. Bénabou, R., and J. Tirole. 2006. Incentives and prosocial behavior. The American Economic Review 96 (5): 1652-1678.
4. Bénabou, R., and J. Tirole. 2010. Individual and corporate social responsibility. Economica 77: 1-19.
5. Bhattacharya, C. B., S. Sen, and D. Korschun. 2008. Using corporate social responsibility to win the war for talent. MIT Sloan Management Review 49 (2): 37-44.
6. Brown, L. D., and Y. Lee. 2011. Changes in option-based compensation around the issuance of SFAS 123R. Journal of Business Finance & Accounting 38: 1053-1095.
7. Brundtland, G. 1987. Our Common Future: The World Commission on Environment and Development. Oxford, U.K.: Oxford University Press.
8. CDP North America. 2013. Use of Internal Carbon Price by Companies as Incentive and Strategic Planning Tool. Available at: https:// www.cdp.net/CDPResults/companies-carbon-pricing-2013.pdf
9. Chatterji, A. K., D. I. Levine, and M. W. Toffel. 2009. How well do social ratings actually measure corporate social responsibility? Journal of Economics & Management Strategy Journal of Economics & Management Strategy (18): 1-125.
10. Clarkson, P. M. 2012. The valuation relevance of environmental performance: Evidence from the academic literature. In Contemporary Issues in Sustainability Accounting, Assurance and Reporting, edited by Jones S., and J. Ratnatunga, 11-42. Bingley, U.K.: Emerald Group Publishing Limited.
11. Demski, J. S., J. C. Fellingham, Y. Ijiri, and S. Sunder. 2002. Some thoughts on the intellectual foundations of accounting. Accounting Horizons 16 (2): 157-168.
12. Dhaliwal, D., O. Z. Li, A. Tsang, and Y. G. Yang. 2011. Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The Accounting Review 86 (1): 59-100.
13. Dhaliwal, D., S. Radhakrishnan, A. Tsang, and Y. G. Yang. 2012. Nonfinancial disclosure and analyst forecast accuracy: International evidence on corporate social responsibility disclosure. The Accounting Review 87 (3): 723-759.
14. Elkington, J. 1999. Triple bottom line revolution: Reporting for the third millennium. Australian CPA 69 (11): 75-76.
15. Elliott, W. B., K. E. Jackson, M. E. Peecher, and B. J. White. 2014. Mitigating the unintended effect of corporate social responsibility performance on investors’ estimates of fundamental value. The Accounting Review 89 (1): 275-302.
16. Epstein, M. J. 2008. Making Sustainability Work-Best Practices in Managing and Measuring Corporate, Social, Environmental, and Economic Impacts. San Francisco, CA: Berrett Koehler.
17. Epstein, M. J., A. Rejc Buhovac, and K. Yuthas. 2009. Managing Social, Environmental, and Financial Performance Simultaneously:What Can We Learn from Corporate Best Practices? Montvale, NJ: Institute of Management Accountants.
18. Epstein, M. J., A. Rejc Buhovac, and K. Yuthas. 2010. Implementing sustainability: The role of leadership and organizational culture. Strategic Finance 91 (10): 41-47.
19. Epstein, M. J., and A. Rejc Buhovac. 2014a. Making Sustainability Work-Best Practices in Managing and Measuring Corporate, Social,Environmental, and Economic Impacts. 2nd edition. San Francisco, CA: Berrett Koehler.
20. Epstein, M. J., and A. Rejc Buhovac. 2014b. A new day for sustainability. Strategic Finance 96 (1): 24-33.
21. Financial Accounting Standards Board (FASB). 1985. Employers’ Accounting for Pensions. Statement of Financial Accounting Standard (SFAS) No. 87. Norwalk, CT: FASB.
22. Financial Accounting Standards Board (FASB). 2004. Share-Based Payment. Statement of Financial Accounting Standard (SFAS) No. 123 (Revised 2004). Norwalk, CT: FASB.
23. Financial Accounting Standards Board (FASB). 2006. Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans. Statement of Financial Accounting Standard (SFAS) No. 158. Norwalk, CT: FASB.
24. Finster, M., and M. Hernke. 2014. Benefits organizations pursue when seeking competitive advantage by improving environmental performance. Journal of Industrial Ecology 18 (5): 652-662.
25. Friedman, M. 1970. The social responsibility of business is to increase its profits. The New York Times Magazine (September 13).
26. Global Reporting Initiative (GRI). 2013. G4 Sustainability Reporting Guidelines: Reporting Principles and Standard Disclosures. Available at: https://www.globalreporting.org/reporting/g4/Pages/default.aspx
27. Hall, B. J., and K. J. Murphy. 2003. The trouble with stock options. Journal of Economic Perspectives 27: 49-70.
28. Hardin, G. 1968. The tragedy of the commons. Science 162: 1243-1248.
29. Hardin, G. 1998. Extensions of "The tragedy of the commons." Science 280: 682-683.
30. Hopwood, A., J. Unerman, and J. Fries, eds. 2010. Accounting for Sustainability: Practical Insights. London, U.K.: Earthscan.
31. International Integrated Reporting Council (IIRC). 2013. The International Framework. Available at: http://www.theiirc.org/wpcontent/uploads/2013/12/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-2-1.pdf
32. Jensen, M. C. 2001. Value maximization, stakeholder theory, and the corporate objective function. Journal of Applied Corporate Finance 14: 8-21.
33. Joshi, S., and R. Krishnan. 2010. Sustainability accounting systems with a managerial decision focus. Cost Management 24 (6): 20-30.
34. Kano, N., N. Seraku, F. Takahashi, and S. Tsuji. 1984. Attractive quality and must-be quality. Journal of the Japanese Society for Quality Control 14 (2): 147-156.
35. Kaplan, R. S., and D. P. Norton. 2001a. Transforming the balanced scorecard from performance measurement to strategic management: Part I. Accounting Horizons 15 (1): 87-104.
36. Kaplan, R. S., and D. P. Norton. 2001b. Transforming the balanced scorecard from performance measurement to strategic management: Part II. Accounting Horizons 5(2): 147-160.
37. Kaplan, R. S., and D. P. Norton. 2004. Strategy Maps: Converting Intangible Assets into Tangible Outcomes. Boston, MA: Harvard Business School Press.
38. Kaplan, R. S., and R. R. de Pinho. 2008. Amanco: Developing the Sustainability Scorecard. Case 9-107-038. Boston, MA: Harvard Business School.
39. Karnani, A. 2010. The case against corporate social responsibility. Wall Street Journal (August 23).
40. Kolstad, I. 2007. Why firms should not always maximize profits. Journal of Business Ethics 76: 137-145.
41. Lev, B., C. Petrovits, and S. Radhakrishnan. 2010. Is doing good good for you? How corporate charitable contributions enhance revenue growth. Strategic Management Journal 31: 182-200.
42. Margolis, J. D., H. A. Elfenbein, and J. P. Walsh. 2009. Does It Pay to Be Good … and Does It Matter? A Meta-Analysis of the Relationship between Corporate Social and Financial Performance. Working paper, Washington University.
43. Martin, P. 2009. Why Managers "Go Green" and Investors’ Reaction. Working paper, Indiana University.
44. Martin, P. 2015. Corporate Social Responsibility and Managerial Reporting. Working paper, Indiana University.
45. Martin, P., and D. V. Moser. 2016. Managers’ green investment disclosures and investors’ reaction. Journal of Accounting & Economics 61 (1): 239-254.
46. Matsumura, E. M., R. Prakash, and S. Vera-Muñoz. 2014. Firm-value effects of carbon emissions and carbon disclosures. The Accounting Review 89 (2): 695-724.
47. Moser, D. V., and P. R. Martin. 2012. A broader perspective on corporate social responsibility research in accounting. The Accounting Review 87 (3): 797-806.
48. Orlitzky, M. 2008. Corporate social performance and financial performance: A research synthesis. In The Oxford Handbook of Corporate Social Responsibility, edited by Crane, A., A. McWilliams, D. Matten, J. Moon, and D. Siegel, 113-134. New York, NY: Oxford University Press.
49. Orts, E., and J. Spigonardo. 2014. Sustainability in the Age of Big Data. Available at:http://d1c25a6gwz7q5e.cloudfront.net/reports/2014-09-12-Sustainability-in-the-Age-of-Big-Data.pdf
50. Paine, L. S. 2000: Does ethics pay? Business Ethics Quarterly 10 (1): 319-330.
51. Plambeck, E., H. L. Lee, and P. Yatsko. 2012. Improving environmental performance in your Chinese supply chain. Sloan Management Review 53 (2): 43-51.
52. Ramanna, K. 2013. A framework for research on corporate accountability reporting. Accounting Horizons 27: 409-432.
53. Reinhardt, F. R., R. N. Stavins, and R. H. K. Vietor. 2008. Corporate social responsibility through an economic lens. Review of Environmental Economics and Policy 2 (2): 219-239.
54. Ruffing, K. A., and P. N. Van de Water. 2011. Social Security Benefits Are Modest: Policymakers Have Only Limited Room to Reduce Benefits without Causing Hardship. Available at: http://www.cbpp.org/files/1-11-11socsec.pdf
55. Sprinkle, G. B., and L. A. Maines. 2010. The benefits and costs of corporate social responsibility. Business Horizons 53: 445-453.
56. Sustainability Accounting Standards Board (SASB). 2013. Conceptual Framework of the Sustainability Accounting Standards Board. Available at: http://www.sasb.org/wp-content/uploads/2013/10/SASB-Conceptual-Framework-Final-Formatted-10-22-13.pdf