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ISSN:2325-6192 (print)
ISSN:2325-6206 (online)
Journal of Environmental Accounting and Management
António Mendes Lopes (editor), Jiazhong Zhang(editor)
António Mendes Lopes (editor)

University of Porto, Portugal

Email: aml@fe.up.pt

Jiazhong Zhang (editor)

School of Energy and Power Engineering, Xi'an Jiaotong University, Xi'an, Shaanxi Province 710049, China

Fax: +86 29 82668723 Email: jzzhang@mail.xjtu.edu.cn

Effect of Company Innovation on Sustainable Development: The Role of Strategic Management Accounting Information and Product's Life Cycle

Journal of Environmental Accounting and Management 13(4) (2025) 385--414 | DOI:10.5890/JEAM.2025.12.004

Mohammad Namazi$^1$, Leila Kazemi$^{2}$

$^1$ Distinguished Professor of Accounting, College of Economics, Management and Social Sciences, Shiraz University, Iran

$^2$ Department Accounting, College of Economics, Management and Social Sciences, Shiraz University, Iran

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Abstract

This study proposes a reflective ``latent multidimensional model" based on theories of sustainable development (SD), innovation, strategic management accounting (SMA), and companies' product life cycle (PLC). The model is empirically tested by analyzing companies listed on the Tehran Stock Exchange, with SD disaggregated into its three pillars. Structural equation modeling, along with VAF and Sobel tests, are employed to evaluate the relationships. This research aim is to extend both theoretical and practical applications of corporate sustainability initiatives (CSI). Specifically, it explores the impact of CSI and the mediating role of SMA information on SD throughout the various PLC stages, testing these relationships empirically. The findings indicate that CSI has a significant effect on SD across the different stages of a company's PLC. The least impact is observed at the maturity stage, while the most substantial effect occurs during the declining stage. Additionally, the mediating role of SMA information is significant only during the maturity and decline stages. Economic indicators such as cash flow from operations, operating profit, and economic value added are critical during the growth, maturity, and decline stages. These results have universal implications for academics, managers, and accountants across different countries, addressing economic, environmental, and social issues.

Acknowledgments

We would like to express our gratitude to Professors, Ant\'{o}nio Mendes Lopes and Jiazhong Zhang the prestigious editors of the journal, Chuan Zhang, the associate editor of the journal, and anonymous reviewers for their constructive comments and valuable feedback, which contributed to enhancing the quality of this manuscript.

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