Çevresel Yönetim Muhasebesinin, Çevresel ve Finansal Performans Üzerine Etkisi: Borsa İstanbul (BIST) Üzerine Bir Uygulama

Year 2025, Volume: 18 Issue: 2, 261 - 281, 11.08.2025

Süleyman Azad Tunçer , Mehmet Aygün

https://doi.org/10.29067/muvu.1587215

Abstract

Küresel nüfus artışıyla birlikte yaşanan üretim hacmindeki artış, buna bağlı olarak kıt kaynaklar çerçevesinde yapılan üretimlerin getirdiği çevresel sorunlar ve işletme açısından oluşan maliyetler beraberinde birtakım uygulamaları gerekli kılmaktadır. Bu uygulamalardan biri de, çevresel yönetim muhasebesi olarak kabul edilmektedir. Bu çalışmanın temel amacı, çevresel yönetim muhasebesinin çevresel ve finansal performans üzerindeki etkisini incelemektir. Bu amacı gerçekleştirmek üzere Borsa İstanbul’a kayıtlı farklı sektörlerden 95 firma verisi kullanılmıştır. 2023 yılını kapsayan çalışmada ampirik analizlerde yapısal eşitlik modellemesinden yararlanılmıştır. Yapılan analiz çevresel yönetim muhasebesinin, çevresel performans girdisi, çevresel performans çıktısı ve finansal performans üzerinde olumlu etkiler gösterdiğini kanıtlamıştır. Çalışmada ayrıca, çevresel yönetim muhasebesinin, çevresel performans çıktısı üzerindeki etkisinde çevresel performans girdisinin kısmi aracılık etkisi sağladığı tespit edilmiştir.

Keywords

Çevresel Yönetim Muhasebesi , Çevresel Performans , Finansal Performans

The Effect of Environmental Management Accounting on Environmental and Financial Performance: An Application on Borsa İstanbul (BIST)

Abstract

The increase in production volume experienced with the global population growth, environmental problems brought about by production made within the framework of scarce resources and the costs incurred in terms of the business necessitate a series of applications. One of these applications is accepted as environmental management accounting. The main purpose of this study is to examine the effect of environmental management accounting on environmental and financial performance. To achieve this purpose, data from 95 companies from different sectors registered in Borsa İstanbul were used. In the study covering the year 2023, structural equation modeling was used in empirical analyses. As a result of the analysis, it was proven that environmental management accounting has positive effects on environmental performance input, environmental performance output and financial performance. In addition, it was determined in the study that environmental performance input provides a partial mediating effect in the effect of environmental management accounting on environmental performance output.

Keywords

Environmental Management Accounting , Environmental Performance , Financial Performance.

References

• Arslan, T., Yılmaz, V. ve Aksoy, H. K. (2012). Structural Equation Model for Environmentally Conscious Purchasing Behavior, Int. J. Environ. Res., 6(1), 323-334.
• Aslan, Y. (2018). İnovasyonun Firma Performansı Üzerine Etkisi: Türk Sermaye Piyasası Üzerine Bir İnceleme (Doktora Tezi). Van: Van Yüzüncü Yıl Üniversitesi/Sosyal Bilimler Enstitüsü. SS.,122-129.
• Ben Lahouel, B., Bruna, M. ve Ben Zaied, Y. (2020). The Curvilinear Relationship Between Environmental Performance and Financial Performance: An Investigation of Listed French Firms Using Panel Smooth Transition Model, Finance Research Letters, 35.
• Bennett, M. ve James, P. (1998). ISO 14031 and the Future of Environmental Performance Evaluation.
• Burritt, R. L., Hahn, T. ve Schaltegger, S. (2002). Towards a Comprehensive Framework for Environmental Management Accounting - Links between Business Actors and Environmental Management Accounting Tools, Australian Accounting Review, 12(27), 39-50.
• Burritt, R.L. ve Schaltegger, S. (2000). Contemporary Environmental Accounting: Issues, Concepts and Practice Sheffield, UK: Greenlaf Publishing Limited.
• Chaudhry, N. I., Asad, H., Amir C. M. ve Hussain, R. I. (2020). Environmental Innovation and Financial Performance: Mediating Role of Environmental Management Accounting and Firm's Environmental Strategy, Pakistan Journal of Commerce and Social Sciences, 14(3), 715-737.
• Christine, D., Weitere P., Yadiati, W., Afiah, N.N. ve Fitrijanti, T. (2019). The Relationship of Environmental Management Accounting, Environmental Strategy and Managerial Commitment with Environmental Performance and Economic Performance, International Journal of Energy Economics and Policy, 9(5), 458-464.
• Christ, K. L. ve Burritt, R. L. (2013). Environmental Management Accounting: The Significance of Contingent Variables for Adoption. Journal of Cleaner Production, 41, 163-173.
• Claver-Cortés, E., Molina-Azorín, J.F., Pereira-Moliner, J. ve López-Gamero, M.D. (2007). Environmental Strategies and Their impact on Hotel Performance, Journal of Sustainable Tourism, 15, 663-679.
• Cullen, D. ve Whelan, C. (2006). Environmental Management Accounting: The State of Play, Journal of Business and Economic Re-Search, 4(10), 1-6.
• Çakmur, H. (2012). Araştırmalarda Ölçme-Güvenilirlik-Geçerlilik. TAF Preventive Medicine Bulletin, 11(3), 339-344.
• Dunteman, G. H. (1989). Principal Components Analysis. Sage Publications. EEC (European Commission Regulation) (2001). Allowing Voluntary Participation By Organisations in a Community Eco-Management And Audit Scheme (EMAS) European Commission, Brussels, Belgium (2002). European Parliament and Council.
• Elkington, J. (1998), Cannibals with Forks: The Triple Bottom Line of 21st Century Business; New Society Publishers: Gabriola, BC, Canada.
• Field, A. (2000). Discovering Statistics Using SPSS for Windows. London: Sage Publications.
• Hair, J. F., Black, W. C., Anderson, R. E. ve Babin, B. J. (2009). Multivariate Data Analysis. New York: Pearson.
• Henson, R. K. ve Roberts, J. K. (2006). Use of Exploratory Factor Analysis in Published Research: Common Errors and Some Comment on Improved Practice. Educational and Psychological Measurement, 66(3), 393-416.
• Herzig, C., T., Burritt, R.L. ve Schaltegger, S. (2006). Understanding and Supporting Management Decision Making: South East Asian Case Studies on Environmental Management Accounting. Sustainability Accounting and Reporting Part IV: 491-507.
• Hilton, R.W. (2005). Managerial Accounting, Mc-Graw Hill, International Edition, USA.
• Jalaludin, D., Sulaiman, M. ve Ahmad, N.N. (2011). Understanding Environmental Management Accounting (EMA) Adoption: A New İnstitutional Sociology Perspective. Social Responsibility Journal, 7(4), 540–557.
• Kaiser, H. F. (1974). An Index of Factorial Simplicity. Psychometrika, 39(1), 31-36.
• Lamberton, G. (2005), Sustainable Sufficiency – an İnternally Consistent Version of Sustainability, Sustainable Development, 13(1), 53-78.
• Larojan, C. ve Janaki S. T. (2014). Impact of Environmental Management Accounting Practices on Financial Performance of Listed Manufacturing Companies in Sri Lanka, Reshaping Management and Economic Thinking through Integrating Eco-Friendly and Ethical Practices Proceedings of the 3rd International Conference on Management and Economics 26-27 February 2014 Faculty of Management and Finance, University of Ruhuna, Sri Lanka.
• Lathan, H., Charbel J. C. J., Jabbour, A.B.L.S., Wamba, S.F. ve Shahbaz, M. (2018). Effects of Environmental Strategy, Environmental Uncertainty and Top Management's Commitment On Corporate Environmental Performance: The Role of Environmental Management Accounting, Journal of Cleaner Production.s:180-297-306.
• Sendroiu, C., Roman, A.G, Roman, C. ve Manole, A. (2006). Environmental Management Accounting (EMA): Reflection of Environmental Factors in the Accounting Processes through the Identification of the Environmental Costs Attached to Products, Processes and Services. Theoretical and Applied Economics, 10(505):81-86.
• Susanto, A. ve Meiryani, M. (2019). Antecedents of Environmental Management Accounting and Environmental Performance: Evidence from Indonesian Small and Medium Enterprises, International Journal of Energy Economics and Policy, 9 (6), 401-407.
• Thomson, I. (2007). Mapping The Terrain of Sustainability Accounting. In: Unerman, J., Bebbington, J., O’Dwyer, B.(Eds.), Sustainability Accounting and Accountability, Routledge.
• Yaşlıoğlu, M. M. (2017). Sosyal Bilimlerde Faktör Analizi ve Geçerlilik: Keşfedici ve Doğrulayıcı Faktör Analizlerinin Kullanılması. İstanbul Üniversitesi İşletme Fakültesi Dergisi, Özel Sayı, 74-85.
• Yongvanich, K. ve Guthrie, J. (2006). An Extended Performance Reporting Framework For Social and Environmental Accounting. Business Strategy and The Environment, 15(5), 309-321.
• Zandi, G. ve Lee, H. (2019). Factors Affecting Environmental Management Accounting and Environmental Performance: An Empirical Essessment, International Journal of Energy Economics and Policy, 9(6), 342-348.