MANAGING ENVIRONMENTAL AND ECONOMIC PERFORMANCE: A REVIEW OF THEORY AND PRACTICE ON PERFORMANCE MEASUREMENT

Authors

  • Stephanie Phang Tsu Way Graduate School of Business, Universiti Sains Malaysia Penang, Malaysia
  • A.K. Siti Nabiha Graduate School of Business, Universiti Sains Malaysia 11800 Penang, Malaysia
  • Dayana Jalaludin School of Management, Universiti Sains Malaysia 11800 Penang, Malaysia

Abstract

As businesses struggle to maintain sustainability, a
great deal of interest has focused on the issues of
performance measurement systems. This paper provides
a literature review on the evolution of performance
measurement systems, from the traditional performance
measures to the sustainable balanced scorecard. More
importantly, this paper highlights the vital role of
sustainable balanced scorecard as a tool that manages
both economic and environmental performance. Majority
of the existing sustainable balanced scorecard studies
were found to be of normative nature giving limited
information on how the integration process between
economic and environmental dimensions is being carried
out via balanced scorecard. Future research is needed to
enhance the understanding of the role of the sustainable
balanced scorecard as an important tool in the
management of economic and environmental
performance in the organization.
Keywords:  Balanced Scorecard, Environmental
management, Sustainability, Eco-efficiency

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Published

2014-11-05

How to Cite

Tsu Way, S. P., Nabiha, A. S., & Jalaludin, D. (2014). MANAGING ENVIRONMENTAL AND ECONOMIC PERFORMANCE: A REVIEW OF THEORY AND PRACTICE ON PERFORMANCE MEASUREMENT. The International Journal of Accounting and Business Society, 22(1). Retrieved from https://ijabs.ub.ac.id/index.php/ijabs/article/view/248

Issue

Vol. 22 No. 1 (2014): The International Journal of Accounting and Business Society

Section

Articles

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