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The Framework of Natural Capital Accounting Contextual Practices and Reflection of Its Impact on Companies' Tendency to Sustainability Reporting
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Ali Mashaei    , Mojgan Safa * , Seyed abbas Borhani , Hosein Jahangirnia |
| Department of Accounting, QO.C., Islamic Azad University |
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Abstract: (10 Views) |
| This study examines the role of natural capital accounting in enhancing corporate sustainability reporting. Given the growing importance of valuing natural resources and integrating environmental considerations into accounting systems, the research aims to develop a grounded model of natural capital accounting. The study adopts a mixed-methods approach. In the qualitative phase, in-depth interviews were conducted with 14 academic and professional experts. Using grounded theory, key dimensions of natural capital accounting were identified, resulting in three main categories, nine core components, and 88 conceptual themes. The Delphi method was then applied to validate these components and design a research questionnaire. In the quantitative phase, data from 393 financial managers and accounting professionals in listed companies were analyzed. Structural equation modeling revealed that natural capital accounting has a positive and significant impact on companies’ willingness to engage in sustainability reporting. Overall, strengthening institutional frameworks, developing relevant accounting standards, and increasing stakeholder engagement can significantly improve transparency, accountability, and the expansion of sustainability reporting practices within organizations. |
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| Keywords: Natural capital accounting, Accounting frameworks, Legal requirements, Sustainability reporting |
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Full-Text [PDF 1307 kb]
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Type of Study: Research |
Subject:
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