The Impact of Adopting and Applying Sustainability Accounting Standards on the Financial Performance of Small and Medium Enterprises: An Analytical Study
DOI:
https://doi.org/10.31272/jae.i148.1437Keywords:
Sustainability accounting standards, financial performance, corporate social responsibilityAbstract
This research investigates the extent of adoption and application of sustainability accounting standards in small and medium enterprises (SMES), utilising a survey methodology to assess practices and challenges related to financial, environmental, and social sustainability. The study revolves around analysing the factors influencing SMES' decisions regarding adopting and implementing sustainability accounting standards, encompassing institutional, regulatory, and cultural factors. The survey results will be presented and analysed to provide a deeper understanding of the adoption level of sustainability standards and the challenges that SMES encounter. The findings can potentially guide policy and practical efforts to enhance the momentum towards sustainable accounting practices within this crucial sector.
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