Open AccessExploring Future Hybrid Accounting: A Review of Water Accounting and Management Research
Author(s) -
Siyun Liao,
Aila M Khan
Publication year - 2022
Publication title -
australasian accounting business and finance journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.298
H-Index - 10
eISSN - 1834-2019
pISSN - 1834-2000
DOI - 10.14453/aabfj.v16i2.8
Subject(s) - water scarcity , economic shortage , business , accounting , management accounting , natural resource economics , scarcity , water resources , environmental resource management , economics , ecology , linguistics , philosophy , government (linguistics) , biology , microeconomics
A review of the literature provides empirical evidence that companies use water accounting (WA) to address water shortages and water management issues. Our systematic review suggests two key points: first, phenomena such as water shortages and freshwater scarcity are no longer limited to less developed areas in Asia. Developed economies may also experience a water crisis. Second, in view of the increased pressure from stakeholders, there is a growing tendency amongst firms to manage risks around water as a resource and to implement rigid control of water consumption.