Public goods, sustainable development and business accountability: Macro-micro linkages
World Journal of Entrepreneurship, Management and Sustainable Development
ISSN: 2042-5961
Article publication date: 13 March 2017
Abstract
Purpose
The purpose of this paper is to present a linkage between performance measurement at the business level and the concept of public goods usage, and a linkage between the micro- and macro-economic aspects of sustainability.
Design/methodology/approach
Exhibiting the essentials of a public goods cost perspective in order to initiate discussion between statisticians, standard setters for business reporting and practitioners.
Findings
Showing what has been achieved in measuring the outcomes of sustainable development efforts and what still needs to be done in order to arrive at aggregate values for national and global commons.
Research limitations/implications
Linking performance measurement at the business level to public goods usage will depend on the co-operation of businesses and national statistics which test the feasibility of monetary indicators for both the micro- and the macro-levels.
Practical implications
For practitioners in both the statistics profession and management accounting who are concerned with measurement of socioeconomic and environmental phenomena, this attempt at integrating sustainable development indicators and the managerial control system of companies might provide a valuable proposition. It is also a useful contribution to the ongoing debate of the value and credibility of sustainability reporting.
Social implications
If businesses make no attempts to exhibit numerically how they contribute to preserving and expanding the societal commons, they will be confronted with ever-growing agitation from pressure groups and they might be bypassed in the discussion on the issue of sustainability parameters that those groups are advocating.
Originality/value
This is the first academic paper that demonstrates a reporting model which unites business accounts and national accounts.
Keywords
Citation
Bardy, R. (2017), "Public goods, sustainable development and business accountability: Macro-micro linkages", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 13 No. 1, pp. 34-43. https://doi.org/10.1108/WJEMSD-01-2016-0004
Publisher
:Emerald Publishing Limited
Copyright © 2017, Emerald Publishing Limited