Multi-criteria decision-making (MCDM) techniques for ranking the drivers and executive solutions of social and environmental accounting

Journal article

Askari Shahamabad, M., Shamsadini, K., Yazdifar, H. and Askari Shahamabad, F. 2025. Multi-criteria decision-making (MCDM) techniques for ranking the drivers and executive solutions of social and environmental accounting. International Journal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/imefm-09-2023-0318
AuthorsAskari Shahamabad, M., Shamsadini, K., Yazdifar, H. and Askari Shahamabad, F.
Abstract

Purpose- Social and environmental accounting (SEA) is a method that may strengthen imagination and new ideas and methods for sustainability leadership. Governments and companies should consider the drivers and executive solutions of SEA comprehensively. The present study aims to identify the SEA drivers and their executive solutions.
Design/methodology/approach- The literature review is used to identify the drivers and executive solutions of SEA. Then, Using the opinions of 21 experts and the techniques of the Analytical Hierarchy Process (AHP), the Technique for Order of Performance by Similarity to Ideal Solution (TOPSIS) in the fuzzy environment, weights and prioritization of these drivers and executive solutions are obtained.
Findings- The research showed that the most critical drivers of SEA include "sustainable economic development, increasing stock value, management environmental commitment, and corporate social responsibility (CSR)," respectively. Also, "presenting SEA standards (SEA mandatory)" and "obtaining environmental certifications" are the most critical SEA executive solutions that can help strengthen SEA drivers, especially those mentioned above.
Originality/value- This study is the first in the literature to use a combination of multi-criteria decision-making (MCDM) techniques (AHP-TOPSIS) to rank drivers and select the most suitable SEA executive solutions. The proposed method presents an advanced approach for handling uncertainty to rank drivers and executive solutions of SEA, which can help achieve sustainable development.

KeywordsSocial and Environmental Accounting (SEA); Sustainability; Multi-Criteria Decision-Making (MCDM); Fuzzy Set Theory
Year2025
JournalInternational Journal of Islamic and Middle Eastern Finance and Management
PublisherEmerald
ISSN1753-8394
Digital Object Identifier (DOI)https://doi.org/10.1108/imefm-09-2023-0318
Accepted author manuscript
License
File Access Level
Open
Output statusPublished
Publication dates15 May 2025
Online31 Mar 2025
Publication process dates
Accepted11 Jan 2025
Deposited22 May 2025
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