Determinant Material Flow Cost Accounting (MFCA) in Maximizing Sustainability Performance
Keywords:
Environmental Management Accounting, Information System, Business Strategy, Business Process, MFCA, Sustainability Performance.Abstract
Information System (IS), Business Strategy (BS), and Business Process (BP) on Sustainability Performance (SPf), with Material Flow Cost Accounting (MFCA) as a mediating variable in the hospitality industry in West Java. The study used a quantitative approach with an explanatory design. There were 215 respondents, consisting of managers and owners of star-rated and non-star-rated hotels in 27 districts/cities. Data analysis was performed using Structural Equation Modeling (SEM-AMOS), based on Legitimacy Theory and Stakeholder Theory. The results show that EMA (p = 0.007), IS (p = 0.004), BS (p = 0.002), and BP (p = 0.001) have a significant effect on the implementation of MFCA, with BP as the dominant factor (R²=0.516). However, only EMA (p = 0.007) and BS (p=0.042) had a significant direct effect on SPf, while IS (p=0.061) and BP (p = 0.901) had no effect. MFCA itself proved to be significant (p = 0.001) in increasing SPf, as well as mediating the influence of EMA, IS, BS, and BP. The strongest mediating effect occurred in BP, which initially had no direct effect but became significant through MFCA. This shows that efficient business processes only have an impact on sustainability when managed through MFCA. In IS, the impact on SPf is also significant when data is used in MFCA to identify waste. Meanwhile, EMA and BS have partial mediating effects. Overall, MFCA effectively improves material efficiency, reduces hidden waste, and strengthens economic, social, and environmental sustainability performance. These findings support the importance of integrating sustainability principles through EMA, IS, strategy, and business processes with MFCA as the main link.
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