| Title | Investigating Accounting Factors through Audited Financial Statements in Businesses toward a Circular Economy: Why a Sustainable Profit through Qualified Staff and Investment in Technology? |
|---|---|
| ID_Doc | 4262 |
| Authors | Lulaj, E; Dragusha, B; Hysa, E |
| Title | Investigating Accounting Factors through Audited Financial Statements in Businesses toward a Circular Economy: Why a Sustainable Profit through Qualified Staff and Investment in Technology? |
| Year | 2023 |
| Published | Administrative Sciences, 13, 3 |
| Abstract | This study examines the investigation of accounting factors through audited financial statements in businesses by analyzing the qualified staff and investment in technology for sustainable profit. Therefore, the main goal is to analyze whether qualified staff and investment in technology affect the sustainability of profit in businesses through the investigation of accounting factors in the audited financial statements toward a circular economy, more specifically in these financial items: total assets (TASS), and intangible assets (IASS), total liabilities (TLIA), total income (TREV), and net financial income (NFI), based on questions about which financial items businesses should take care of, as well as businesses that do not invest in technologies and skilled staff: does this hinder profit sustainability? Therefore, for this study, data are collected from the financial statements (balance sheet and income statement) of (N = 800) businesses according to their activity (manufacturing businesses = 256, service businesses = 192, and distribution businesses = 353) during the period (2020-2022). The results show that each of the variables and factors had a significant impact on sustainable profit through the circular economy in (N = 800) businesses. However, to have a sustainable profit in business, it is strongly recommended to pay attention to these findings: businesses should (a) be careful with total liabilities, (b) increase the performance of total assets, (c) increase the performance of net financial income, (d) increase the performance of total business income, and (e) increase and develop the skills of workers, as well as improve technology (equipment, machinery, etc.). With implications and limitations, it was difficult to access some of the financial statements; there are only a limited number of variables, so the same models can be analyzed for other businesses, variables, and countries. |
Similar Articles
| ID | Score | Article |
|---|---|---|
1778
|
Llena-Macarulla, F; Moneva, JM; Aranda-Usón, A; Scarpellini, S Reporting measurements or measuring for reporting? Internal measure- ment of the Circular Economy from an environmental accounting approach and its relationship(2023)Revista De Contabilidad-Spanish Accounting Review, 26, 2 | |
| 414
|
Ambrus, R; Izvercian, M; Artene, A; Ivascu, L Regenerative Management Accounting In The Context Of Circular Economy(2017) | |
| 3063
|
Aureli, S; Foschi, E; Paletta, A Management accounting for a circular economy: current limits and avenue for a dialogic approach(2023) | |
| 2561
|
Horák, J; Pavlová, S Capital Structure Of Companies Applying Principles Of Circular Economy(2022)Ad Alta-Journal Of Interdisciplinary Research, 12, 1 | |
| 169
|
Atstaja, D; Spade, E Economic Justification For The Implementation Of A Circular Economy(2020)Economics Ecology Socium, 4, 4 | |
| 891
|
Kwarteng, A; Agyenim-Boateng, C; Simpson, SNY The barriers to adapting accounting practices to circular economy implementation: an evidence from Ghana(2023)Journal Of Global Responsibility, 14, 1 | |
| 2136
|
Aranda-Usón, A; Scarpellini, S; Moneva, JM Dynamic capabilities for a "circular accounting" and material flows in a circular economy(2024) | |
| 4092
|
Nishitani, K; Kokubu, K; Wu, Q; Kitada, H; Guenther, E; Guenther, T Material flow cost accounting (MFCA) for the circular economy: An empirical study of the triadic relationship between MFCA, environmental performance, and the economic performance of Japanese companies(2022) | |
| 587
|
Gonçalves, BDM; de Carvalho, FL; Fiorini, PD Circular Economy and Financial Aspects: A Systematic Review of the Literature(2022)Sustainability, 14, 5 | |
| 717
|
De Angelis, R Circular economy: laying the foundations for conceptual and theoretical development in management studies(2021)Management Decision, 59, 6 |