Business strategies and management accounting in response to climate change risk exposure and regulatory uncertainty

Show simple item record Bui, Binh De Villiers, Charl Johannes 2017-03-13T08:36:18Z 2017-01
dc.description.abstract This study aims to theorise and foster a better understanding of the strategies organisations adopt to respond to the risks and opportunities emerging from changing government climate change policies and the supporting management accounting adopted. Data include interviews and archival documents from five New Zealand electricity generators. We construct a theoretical framework that links climate change risks and opportunities to strategic responses. Climate change risk exposure increased during the period due to changes in the estimation/perception of climate change risks, market opportunities and regulatory uncertainty. Organisations' strategies changed in response, moving from a stable strategy to different combinations of anticipatory, proactive, and creative strategies, and finally regressing to a reactive strategy. Carbon management accounting changed to support the new strategy adopted in each time period. Long term physical and monetarised accounts for sustainability and extensive use of carbon information were prevalent during periods when the companies employed a proactive or creative strategy. In contrast, short-term physical accounts for unsustainability and limited use in decision-making were observed when the companies adopted stable, anticipatory or reactive strategies. Regulatory uncertainty was found to be the major constraint to a proactive strategy and carbon management accounting development in response to climate change. en_ZA
dc.description.department Accounting en_ZA
dc.description.embargo 2018-01-31
dc.description.librarian hb2017 en_ZA
dc.description.uri en_ZA
dc.identifier.citation Bui, B. & De Villiers, C. 2017. Business Strategies and Management Accounting in Response to Climate Change Risk Exposure and Regulatory Uncertainty. The British Accounting Review, 49(1), 4-24. en_ZA
dc.identifier.issn 0890-8389 (print)
dc.identifier.issn 1095-8347 (online)
dc.identifier.other 10.1016/
dc.language.iso en en_ZA
dc.publisher Elsevier en_ZA
dc.rights © 2016 Elsevier Ltd. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in The British Accounting Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in The British Accounting Review, vol. 49, no. 1, pp. 4-24, 2017. doi: 10.1016/ en_ZA
dc.subject Climate change en_ZA
dc.subject Risk en_ZA
dc.subject Business strategy en_ZA
dc.subject Carbon management accounting en_ZA
dc.subject.other Economic and management sciences articles SDG-13
dc.subject.other SDG-13: Climate action
dc.title Business strategies and management accounting in response to climate change risk exposure and regulatory uncertainty en_ZA
dc.type Postprint Article en_ZA

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