Strategic green accounting management promoting sustainable performance under institutional pressures

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Abstract

Despite the growing emphasis on sustainability in manufacturing enterprises by Ferrazzi et al. (2025), the mechanisms through which strategic environmental capabilities translate into sustainable performance remain insufficiently understood. This study investigates how managers’ perceptions of integrated environmental policy, ecosystem adaptability and strategic environment (EASE), and green intellectual capital (GIC) influence perceived sustainable performance. It further examines the mediating role of green accounting management and the moderating role of institutional pressure. Survey data from 333 managers indicate that all examined perceptions significantly enhance sustainable performance. Integrated environmental policy emerges as the strongest driver and operates through both direct effects and indirect effects via green accounting management, demonstrating the centrality of governance mechanisms in converting environmental strategy into tangible outcomes. EASE also contributes positively, reflecting the importance of organizational flexibility in sustainability enhancement. The findings related to GIC reinforce the resource-based view (RBV) by identifying green knowledge as a key intangible asset whose impact becomes stronger when coordinated through governance mechanisms, consistent with resource orchestration theory (ROT). Institutional pressure amplifies the effect of green accounting management on sustainable performance, underscoring the role of external governance conditions. The study extends theoretical insights into sustainability-oriented governance and offers practical implications for enterprises seeking to strengthen sustainable performance.

Keywords: Environmental Policy, Green Accounting Management, Green Intellectual Capital, Institutional Pressure, Sustainable Performance

Authors’ individual contribution: Conceptualization — T.M.H.; Methodology — T.M.S.; Software — T.M.S.; Formal Analysis — T.M.S.; Investigation — T.M.H.; Resources — T.M.H.; Data Curation — T.M.S.; Writing — Original Draft — T.M.S.; Writing — Review & Editing — T.M.H.; Visualization — T.M.S.; Supervision — T.M.H.; Project Administration — T.M.H.; Funding Acquisition — T.M.S.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: C83, M14, M41

Received: 21.08.2025
Revised: 08.12.2025; 18.02.2026
Accepted: 06.03.2026
Published online: 10.03.2026

How to cite this paper: Sang, T. M., & Ha, T. M. (2026). Strategic green accounting management promoting sustainable performance under institutional pressures. Corporate Governance and Sustainability Review, 10(2), 66–77. https://doi.org/10.22495/cgsrv10i2p6