TY - JOUR
T1 - The barriers to adapting accounting practices to circular economy implementation
T2 - an evidence from Ghana
AU - Kwarteng, Amoako
AU - Agyenim-Boateng, Cletus
AU - Simpson, Samuel Nana Yaw
N1 - Publisher Copyright:
© 2022, Emerald Publishing Limited.
PY - 2023/1/6
Y1 - 2023/1/6
N2 - Purpose: The rapid development in the circular economy phenomenon raises the prospects of potential tension between the existing accounting practices and the principles of circular economy. This study, therefore, aims to investigate the barriers to adapting the current accounting practices to circular economy implementation. Design/methodology/approach: The study uses exploratory qualitative study design, and semi-structured interviews were conducted among professional accountants in Ghana. Purposive sampling technique was used to recruit respondents, and data saturation was achieved with 45 respondents. Data collection and analysis were undertaken concurrently and emerging themes were investigated as the study progressed. Findings: The results indicate that there are several barriers to adapting the current accounting practices to circular economy implementation. The specific barriers as revealed in the data analysis are: accounting reporting barriers, financial/economic barriers, technological barriers, managerial/behavioral barriers, organizational barriers and institutional barriers. Originality/value: The study responded to a global call by coalition circular accounting to identify and potentially over accounting related challenges that impedes the transition to circular economy. The study’s originality stems from the fact that it explores the issue from a developing country perspective, which has received limited attention in the extant literature.
AB - Purpose: The rapid development in the circular economy phenomenon raises the prospects of potential tension between the existing accounting practices and the principles of circular economy. This study, therefore, aims to investigate the barriers to adapting the current accounting practices to circular economy implementation. Design/methodology/approach: The study uses exploratory qualitative study design, and semi-structured interviews were conducted among professional accountants in Ghana. Purposive sampling technique was used to recruit respondents, and data saturation was achieved with 45 respondents. Data collection and analysis were undertaken concurrently and emerging themes were investigated as the study progressed. Findings: The results indicate that there are several barriers to adapting the current accounting practices to circular economy implementation. The specific barriers as revealed in the data analysis are: accounting reporting barriers, financial/economic barriers, technological barriers, managerial/behavioral barriers, organizational barriers and institutional barriers. Originality/value: The study responded to a global call by coalition circular accounting to identify and potentially over accounting related challenges that impedes the transition to circular economy. The study’s originality stems from the fact that it explores the issue from a developing country perspective, which has received limited attention in the extant literature.
KW - Accounting practices
KW - Barriers
KW - Circular economy
KW - Contingency theory
KW - Ghana
UR - http://www.scopus.com/inward/record.url?scp=85134352802&partnerID=8YFLogxK
U2 - 10.1108/JGR-12-2021-0102
DO - 10.1108/JGR-12-2021-0102
M3 - Article
AN - SCOPUS:85134352802
SN - 2041-2568
VL - 14
SP - 1
EP - 26
JO - Journal of Global Responsibility
JF - Journal of Global Responsibility
IS - 1
ER -