Evaluating the influence of environmental accounting practices on the operational efficiency of seafood businesses in Vietnam

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This paper deals with factors affecting environmental accounting adoption and its impact on operational performance in Vietnamese seafood enterprises. The data were collected from seafood enterprises in Vietnam. Structural equation modeling was applied to explore the causal relationship between operational performance and other factors. The results show that the factors affecting the implementation of environmental accounting based on normalized weights include manager support, with the strongest impact (0.286), followed by the level of technology (0.155), qualifications of accountants (0.191), pressure from stakeholders (0.129), business characteristics (0.117), financial resources (0.113), legal regulations (0.103), and finally environmental changes (0.1). The results also show that environmental accounting implementation strongly impacts operational performance (standardized weight 0.351). The correlation relationships in the model are all statistically significant, with a 95% confidence level (p = 0.000 < 0.05). The paper contributes to perfecting the factors affecting the implementation of environmental accounting, clearly seeing its benefits and positive impacts on performance in seafood enterprises in Vietnam, to achieve environmental protection goals, increase economic benefits, and sustainable development.

Acknowledgment
This study is conducted within the framework of the doctoral project subject to Decision No. 1807/QD-ĐHDT dated May 10, 2023, Duy Tan University, Vietnam. The authors would like to acknowledge the reviewers and the editor-in-chief for their assistance.

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    • Figure 1. Conceptual model
    • Table 1. Scale for measuring factors in the research model
    • Table 2. Total statistics of items
    • Table 3. Total variance explained
    • Table 4. Assessment of reliability, convergence, and discrimination validity in CFA
    • Table 5. Fit indices for structural equation modeling
    • Table 6. Regression coefficient of relationships (un-normalized)
    • Table 7. Regression coefficients (normalized) and impact of relationships
    • Conceptualization
      Duong Thi Thanh Hien, Ho Tuan Vu, Doan Ngoc Phi Anh
    • Data curation
      Duong Thi Thanh Hien, Ho Tuan Vu
    • Formal Analysis
      Duong Thi Thanh Hien, Ho Tuan Vu
    • Investigation
      Duong Thi Thanh Hien, Ho Tuan Vu
    • Methodology
      Duong Thi Thanh Hien, Ho Tuan Vu, Doan Ngoc Phi Anh
    • Project administration
      Duong Thi Thanh Hien, Ho Tuan Vu, Doan Ngoc Phi Anh
    • Resources
      Duong Thi Thanh Hien
    • Software
      Duong Thi Thanh Hien
    • Supervision
      Duong Thi Thanh Hien, Ho Tuan Vu, Doan Ngoc Phi Anh
    • Validation
      Duong Thi Thanh Hien, Ho Tuan Vu, Doan Ngoc Phi Anh
    • Visualization
      Duong Thi Thanh Hien, Ho Tuan Vu
    • Writing – original draft
      Duong Thi Thanh Hien, Ho Tuan Vu
    • Writing – review & editing
      Duong Thi Thanh Hien, Ho Tuan Vu