Sustainable development goals, accounting practices and public financial management: A pre and post COVID-19 assessment

TY - JOUR

T1 - Sustainable development goals, accounting practices and public financial management

T2 - A pre and post COVID-19 assessment

AU - Nakpodia, Franklin

AU - Sakariyahu, Rilwan

AU - Fagbemi, Temitope

AU - Adigun, Rasheed

AU - Dosumu, Oluwatoyin

N1 - Publisher Copyright: © 2024 The Author(s)

PY - 2024/8/30

Y1 - 2024/8/30

N2 - Previous studies have highlighted the importance of policy interventions in achieving the Sustainable Development Goals (SDGs). However, there is limited understanding within accounting literature about strategies to enhance sustainable development initiatives and address the challenges faced in varieties of capitalism. This study investigates the influence of accounting practices and public financial management on SDG attainment, focusing on their interactions. Drawing on a global dataset from 96 countries, we find that both accounting practices and public financial management positively impact human development and environmental sustainability, specifically in relation to SDGs 3, 7, and 13. Additionally, our study uncovers significant differences in these impacts before and during the COVID-19 pandemic. Our findings, which are robust to endogeneity and heterogeneity tests, suggest that policymakers should prioritise the enhancement of accounting practices and public financial management to achieve the SDGs.

AB - Previous studies have highlighted the importance of policy interventions in achieving the Sustainable Development Goals (SDGs). However, there is limited understanding within accounting literature about strategies to enhance sustainable development initiatives and address the challenges faced in varieties of capitalism. This study investigates the influence of accounting practices and public financial management on SDG attainment, focusing on their interactions. Drawing on a global dataset from 96 countries, we find that both accounting practices and public financial management positively impact human development and environmental sustainability, specifically in relation to SDGs 3, 7, and 13. Additionally, our study uncovers significant differences in these impacts before and during the COVID-19 pandemic. Our findings, which are robust to endogeneity and heterogeneity tests, suggest that policymakers should prioritise the enhancement of accounting practices and public financial management to achieve the SDGs.

KW - Accounting practice

KW - COVID-19 pandemic

KW - Public financial management

KW - SDGs

UR - https://www.scopus.com/pages/publications/85202949092

U2 - 10.1016/j.bar.2024.101466

DO - 10.1016/j.bar.2024.101466

M3 - Article

AN - SCOPUS:85202949092

SN - 0890-8389

JO - British Accounting Review

JF - British Accounting Review

M1 - 101466

ER -