Abstract
Through individual and/or collective psychological states affected by demographic attributes, top managers shape the corporate culture and determine the overall strategic directions of an organization. Thus, top management attributes affect the adoption of critical company-wide practices. This opinion paper discusses the implications of, and urges academic attention to, the role psychological capital plays in the relationship between top manager attributes and the effectiveness of green accounting practices adoption in a public-private partnership (PPP) context. Theoretical and practical implications are elaborated upon.
Highlights
Researchers have applied analytic techniques to determine the value of demographic, social, and psychological attributes in top management regarding success in entrepreneurial ventures
Green accounting practices are one of the critical decisions of strategic adoption that top management might encounter in the new business age
Long-term success means that sustainable goals have to be incorporated as important strategies to meet the dynamics of environmental challenges, and improve public perception, which is the essence of competitive advantage
Summary
Researchers have applied analytic techniques to determine the value of demographic, social, and psychological attributes in top management regarding success in entrepreneurial ventures. Discussion of the interwoven dynamics among top management attributes, psychological capital, and green accounting adoption is especially suitable in the context of PPP. The private sector can take advantage of adapting to the dynamic changes in environmental strategies to build a competitive edge. Such a proactive corporate role requires the organizations to harmonize internal and external resources so that the local community can meet the environmental expectations from the green practices of the business. In the PPP context, it is important to run new initiatives such as the green accounting practices, with the positive collective mind-set (or shared cognition, holistic viewpoints, collective consensus, etc.) of decision-makers from different sectors, which is formed through their personal attributes. We wish to offer an in-depth articulation of the interwoven relationships between top management attributes, psychological capital, and green accounting practices adoption, which is interesting and might stimulate future thinking of research and practices
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
