ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELS
Current business trends in the global hotel industry are strongly oriented towards sustainable development, including especially the explicit recognition of environmental attributes. The aim of this paper is thus to analyze and propose key steps toward the effective incorporation of environmental...
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| Format: | Article |
| Language: | English |
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Business School PAR
2016-12-01
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| Series: | Journal of Business Paradigms |
| Subjects: | |
| Online Access: | http://journal.par.hr/archives/send/4-vol1no2/8-accounting-propositions-for-environmental-performance-information-systems-cases-from-uk-hotels |
| _version_ | 1828872718031781888 |
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| author | Vanja Vejzagic Jackie Brander Brown Peter Schmidt |
| author_facet | Vanja Vejzagic Jackie Brander Brown Peter Schmidt |
| author_sort | Vanja Vejzagic |
| collection | DOAJ |
| description | Current business trends in the global hotel industry are strongly oriented towards sustainable
development, including especially the explicit recognition of environmental attributes. The aim
of this paper is thus to analyze and propose key steps toward the effective incorporation of
environmental management accounting (EMA) within hotel performance information systems.
Research evidence was obtained via in-depth case studies undertaken with 20
environmentally-oriented hotels located in the UK. Sources especially drawn on included
organizational environmental policies and archival documentation, interviews with key
personnel and an online survey which specifically focused on 10 business areas considered
vital for successful EMA and overall environmental management integration.
The research results indicate a number of information patterns by which hotels can determine
the existing level of their sustainable business. Furthermore, the ‘broad’ understanding of the
sustainability concept was found to lead to a relatively subjective appreciation and
presentation of sustainable hotel operations and their performance. Fundamentally, though, it
was determined that hotel organizations need to ‘rethink’ their typical short-term, financially
oriented performance information by developing effective sustainability accounting systems
which incorporate a pertinent balance of performance management indicators. Such systems,
moreover, should clearly focus on improving the environmental [ie energy consumption, waste
management, carbon emissions etc] as well as the financial aspects of a hotel’s business – so
better creating long-term value for all relevant stakeholders. |
| first_indexed | 2024-12-13T07:00:16Z |
| format | Article |
| id | doaj.art-3d6c97c5fd47405ab248e528720bc27f |
| institution | Directory Open Access Journal |
| issn | 2459-5004 2584-6612 |
| language | English |
| last_indexed | 2024-12-13T07:00:16Z |
| publishDate | 2016-12-01 |
| publisher | Business School PAR |
| record_format | Article |
| series | Journal of Business Paradigms |
| spelling | doaj.art-3d6c97c5fd47405ab248e528720bc27f2022-12-21T23:55:56ZengBusiness School PARJournal of Business Paradigms2459-50042584-66122016-12-0112125ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELSVanja Vejzagic0Jackie Brander Brown1Peter Schmidt2Rochester Institute of Technology Manchester Metropolitan University Faculty of Business and LawRochester Institute of Technology Current business trends in the global hotel industry are strongly oriented towards sustainable development, including especially the explicit recognition of environmental attributes. The aim of this paper is thus to analyze and propose key steps toward the effective incorporation of environmental management accounting (EMA) within hotel performance information systems. Research evidence was obtained via in-depth case studies undertaken with 20 environmentally-oriented hotels located in the UK. Sources especially drawn on included organizational environmental policies and archival documentation, interviews with key personnel and an online survey which specifically focused on 10 business areas considered vital for successful EMA and overall environmental management integration. The research results indicate a number of information patterns by which hotels can determine the existing level of their sustainable business. Furthermore, the ‘broad’ understanding of the sustainability concept was found to lead to a relatively subjective appreciation and presentation of sustainable hotel operations and their performance. Fundamentally, though, it was determined that hotel organizations need to ‘rethink’ their typical short-term, financially oriented performance information by developing effective sustainability accounting systems which incorporate a pertinent balance of performance management indicators. Such systems, moreover, should clearly focus on improving the environmental [ie energy consumption, waste management, carbon emissions etc] as well as the financial aspects of a hotel’s business – so better creating long-term value for all relevant stakeholders.http://journal.par.hr/archives/send/4-vol1no2/8-accounting-propositions-for-environmental-performance-information-systems-cases-from-uk-hotelsaccountingenvironmental management accounting |
| spellingShingle | Vanja Vejzagic Jackie Brander Brown Peter Schmidt ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELS Journal of Business Paradigms accounting environmental management accounting |
| title | ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELS |
| title_full | ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELS |
| title_fullStr | ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELS |
| title_full_unstemmed | ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELS |
| title_short | ACCOUNTING PROPOSITIONS FOR ENVIRONMENTAL PERFORMANCE INFORMATION SYSTEMS: CASES FROM UK HOTELS |
| title_sort | accounting propositions for environmental performance information systems cases from uk hotels |
| topic | accounting environmental management accounting |
| url | http://journal.par.hr/archives/send/4-vol1no2/8-accounting-propositions-for-environmental-performance-information-systems-cases-from-uk-hotels |
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