Redefining business sustainability maturity model for micro, small, medium enterprises
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Sep 30, 2026
Keywords:
Business sustainability maturity model, Digital maturity assessment, Financial accounting standards, Indonesia, Sustainability disclosure
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Abstract
Sustainability maturity models developed for large corporations have limited applicability to Micro, Small, and Medium Enterprises due to implicit indicators and contextual misalignment. This conceptual study developed a Business Sustainability Maturity Model for Indonesian MSMEs through five prototyping stages: literature selection, narrative analysis, accounting overlay mapping, disclosure standard alignment, and digital deployment. The resulting model comprises nine value activities and 26 indicators, each described across five maturity levels, with 10 indicators supplemented by SAK EMKM-based accounting practices and 5 indicators aligned with the national sustainability disclosure standard PSPK-1. A 39-item self-assessment questionnaire was embedded into a web platform delivering instant maturity scores, visualisations, and improvement recommendations. Expert judgment involving 21 specialists, pilot testing with 255 MSME respondents across ten Indonesian provinces, and system testing collectively indicated that the model is relevant, feasible, and usable; detailed validation results are reported in a companion paper. The novelty lies in simultaneously integrating accounting-based measurement, disclosure-standard alignment, and digital operationalisation into a single MSME-oriented sustainability maturity instrument. Theoretically, the study advances maturity model literature by grounding progression levels in Stakeholder Theory, reframing sustainability maturity as the progressive broadening of stakeholder accountability. Practically, the model supports MSME operators, regulators, and supply-chain partners through standardised assessment.
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How to Cite
Agustina, Y., Gunawan, J., Aryati, T., Liu, Y. C., & Nurcahyo, W. (2026). Redefining business sustainability maturity model for micro, small, medium enterprises. Indonesia Accounting Research Journal, 14(1), 27–41. Retrieved from https://journals.iarn.or.id/index.php/Accounting/article/view/684
References
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Agustina, Y., & Augustine, Y. (2024). Towards a maturity model for accounting and financial sustainability in Indonesian MSMEs: Insights from a systematic literature review. Indonesian Journal of Sustainability Accounting and Management, 8(1), 336–368. https://doi.org/10.28992/ijsam.v8i1.970
Alayón, C. L., Säfsten, K., & Johansson, G. (2022). Barriers and enablers for the adoption of sustainable manufacturing by manufacturing SMEs. Sustainability, 14(4), 2364. https://doi.org/10.3390/su14042364
Ardiana, M., Agustina, R., & Pertiwi, D. A. (2023). Increasing business eco-efficiency and competitive advantage through the application of green accounting. Buletin Penelitian Sosial Ekonomi Pertanian Fakultas Pertanian Universitas Haluoleo, 25(1), 1–8. https://doi.org/10.37149/bpsosek.v25i1.363
Becker, J., Knackstedt, R., & Pöppelbuß, J. (2009). Developing maturity models for IT management—A procedure model and its application. Business & Information Systems Engineering, 1(3), 213–222. https://doi.org/10.1007/s12599-009-0044-5
Cagnin, C. H., Loveridge, D., & Butler, J. (2005, September). Business sustainability maturity model. Business Strategy and the Environment Conference.
Caputo, A., Pizzi, S., & Santini, E. (2024). Sustainability and SMEs: Opening the black box. Journal of Management & Organization, 30(3), 413–420. https://doi.org/10.1017/jmo.2024.10
Chakkol, M., Finne, M., & Raja, J. Z. (2018). Social capital is not for sale: A supply network perspective on mergers and acquisitions. Supply Chain Management: An International Journal, 23(5), 377–395. https://doi.org/10.1108/scm-02-2017-0052
Correia, E., Azevedo, S. G., & Carvalho, H. (2023). Proposal of a maturity model for supply chain sustainability. MDPI Preprints. https://doi.org/10.20944/preprints202301.0132.v1
Curtis, B., & Alden, J. (2007). Business Process Maturity Model (BPMM) Version 1.0. Object Management Group. https://www.omg.org/spec/BPMM/1.0/
Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia. (2025). Standar Pengungkapan Keberlanjutan PSPK 1. Ikatan Akuntan Indonesia.
Edwy, F. M., Firdaus, M. I., & A.P., I. F. (2023). Financial management: The implementation in MSMEs. International Journal of Multicultural and Multireligious Understanding, 10(10), 273. https://doi.org/10.18415/ijmmu.v10i10.5170
Ekane, N., Kjellén, M., & Westlund, H. (2020). Linking sanitation policy to service delivery in Rwanda and Uganda: From words to action. Development Policy Review, 38(3), 344–365. https://doi.org/10.1111/dpr.12428
Elmore, R. F. (1979). Backward mapping: Implementation research and policy decisions. Political Science Quarterly, 94(4), 601–616.
Endiana, I. D. M., Dicriyani, N. L. G. M., & Adiyadnya, M. S. P. (2020). The effect of green accounting on corporate sustainability and financial performance. Journal of Asian Finance Economics and Business, 7(12), 731–738. https://doi.org/10.13106/jafeb.2020.vol7.no12.731
Fajri, R. N., Zulfat, A., & Marsuking, M. (2022). Application of financial statements of micro, small and medium enterprises (MSMEs) based on financial accounting standards of micro, small and medium entities (SAK-EMKM. The Academy of Management and Business, 1(3), 145–156. https://doi.org/10.55824/tamb.v1i3.202
Fariz, A. A., Raharjo, T., & Genia, V. (2023). ISO 9001:2015 and Capability Maturity Model Integration 3.0 in software development project. Indonesian Journal of Computer Science, 12(6). https://doi.org/10.33022/ijcs.v12i6.3528
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.
Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & de Colle, S. (2010). Stakeholder theory: The state of the art. Cambridge University Press.
Humble, N., & Mozelius, P. (2022). Content analysis or thematic analysis: Doctoral students’ perceptions of similarities and differences. The Electronic Journal of Business Research Methods, 20(3), 89–98. https://doi.org/10.34190/ejbrm.20.3.2920
Ikatan Akuntan Indonesia. (2018). Standar akuntansi keuangan entitas mikro, kecil, dan menengah. Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia.
International Monetary Fund. (2024). Indonesia: Selected issues (IMF Country Report No. 24/271). https://www.imf.org/en/Publications/CR/Issues/2024/08/07/Indonesia-Selected-Issues-553168
Järvinen, J., Laine, M., & Hyvönen, T. (2020). Just look at the numbers: A case study on quantification in corporate environmental disclosures. Journal of Business Ethics, 175(1), 23–44. https://doi.org/10.1007/s10551-020-04600-7
Jones, O. W., Gold, J., & Devins, D. (2020). SME productivity stakeholders: Getting in the right orbit. International Journal of Productivity and Performance Management, 70(2), 233–255. https://doi.org/10.1108/IJPPM-06-2019-0274
Kalinowski, T. B. (2020). Business Process Maturity Models research: A systematic literature review. The International Journal of Management Science and Business Administration, 7(1), 29–35. https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.71.1003
Khokhar, S., Pathan, H., & Raheem, A. (2020). Theory development in thematic analysis: Procedure and practice. Review of Applied Management and Social Sciences, 3(3), 423–433. https://doi.org/10.47067/ramss.v3i3.79
Kwon, G.-J. (2017). The impact of human resource expenses on business value: Focus on welfare and training expenses in listed Korean stock markets. Global Business Review, 20(3), 668–683. https://doi.org/10.1177/0972150917721798
Malikah, A., & Nandiroh, U. (2024). Intellectual capital and value of the firm: A systematic literature review. International Journal of Humanities Education and Social Sciences, 3(4). https://doi.org/10.55227/ijhess.v3i4.777
Maon, F., Lindgreen, A., & Swaen, V. (2010). Organizational Stages and Cultural Phases: A Critical Review and a Consolidative Model of Corporate Social Responsibility Development. International Journal of Management Reviews, 12(1), 20–38. https://doi.org/10.1111/j.1468-2370.2009.00278.x
Meidawati, N., & Oktari, N. (2022). Implementation of financial accounting standard in micro, small, and medium enterprises (MSMEs. International Journal of Business Ecosystem and Strategy, 4(2), 73–84. https://doi.org/10.36096/ijbes.v4i2.325
Meza-Ruiz, I. D., Rocha-Lona, L., Del Rocío Soto-Flores, M., Garza-Reyes, J. A., Kumar, V., & Lopez-Torres, G. C. (2017). Measuring Business Sustainability Maturity-levels and Best Practices. Procedia Manufacturing, 11, 751–759. https://doi.org/10.1016/j.promfg.2017.07.176
Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of Management Review, 22(4), 853–886. https://doi.org/https://doi.org/10.2307/259247
Ollis, S., Kovacevic, M., & Djikanović, B. (2024). Maturity assessment of the health information system using Stages of Continuous Improvement Methodology: Results from Serbia. Global Health: Science and Practice, 12(5), 2400083. https://doi.org/10.9745/ghsp-d-24-00083
Oprean-Stan, C., Stan, S. E., & Brătian, V. (2020). Corporate sustainability and intangible resources binomial: New proposal on intangible resources recognition and evaluation. Sustainability, 12(10), 4150. https://doi.org/10.3390/su12104150
O’Reilly, S., Bhaird, C., Gorman, L., & Brennan, N. M. (2024). Accounting practitioners’ perspectives on small- and medium-sized enterprises’ environmental sustainability reporting. Journal of Applied Accounting Research, 26(6), 26–46. https://doi.org/10.1108/JAAR-08-2023-0250
Ory, J. C. (1992). Meta-assessment: Evaluating assessment activities. Research in Higher Education, 33(1992), 467–481. https://doi.org/10.1007/BF00973767
Paulk, M. C., Curtis, B., Chrissis, M. B., & Weber, C. V. (1993). Capability maturity model, version 1.1. IEEE Software, 10(4), 18–27. https://doi.org/10.1109/52.219617
Piwowar-Sulej, K., Rojek-Nowosielska, M., Sokołowska-Durkalec, A., & Markowska-Przybyła, U. (2022). Maturity of CSR implementation at the organizational level—From literature review to a comprehensive model. Sustainability, 14(24), 16492. https://doi.org/10.3390/su142416492
Ramadhanti, W., Kurniawan, K., & Mukhrodin, M. (2019). Antecedent and consequence for accounting information quality on Indonesian SMEs. SAR (Soedirman Accounting Review) Journal of Accounting and Business, 4(2), 142. https://doi.org/10.20884/1.sar.2019.4.2.2465
Renaldo, N., Suharti, S., & Andi, A. (2021). Accounting information systems increase MSMEs performance. Journal of Applied Business and Technology, 2(3), 261–270. https://doi.org/10.35145/jabt.v2i3.83
Risman, A. (2024). Behavioral finance of MSME: Digital finance, managerial biases, financial literacy. Dinasti International Journal of Economics, Finance & Accounting, 5(2), 641–649. https://doi.org/10.38035/dijefa.v5i2.2660
Sadiq, R. B., Safie, N., & Rahman, A. H. A. (2021). Artificial intelligence maturity model: A systematic literature review. PeerJ Computer Science, 7, 661. https://doi.org/10.7717/peerj-cs.661
Schröder, S., Wiek, A., & Farny, S. (2022). Toward holistic corporate sustainability—Developing employees’ action competence for sustainability in small and medium‐sized enterprises through training. Business Strategy and the Environment, 32(4), 1650–1669. https://doi.org/10.1002/bse.3210
Sulistyowati, S. N., Pranoto, A. J., & Mas’adah, N. (2024). The impact of fintech and financial literacy on MSME development through access to finance. DIE Jurnal Ilmu Ekonomi dan Manajemen, 15(1), 79–87. https://doi.org/10.30996/die.v15i1.10594
Szczepańska-Woszczyna, K., & Kurowska-Pysz, J. (2016). Sustainable business development through leadership in SMEs. Ekonomia i Zarządzanie, 8(3), 57–69. https://doi.org/10.1515/emj-2016-0024
Thuy, C. T. M., Khương, N. V., & Canh, N. T. (2021). Corporate social responsibility disclosure and financial performance: The mediating role of financial statement comparability. Sustainability, 13(18), 10077. https://doi.org/10.3390/su131810077
Tocto Cano, E., Paz Collado, S., & López-Gonzales, J. L. (2020). A systematic review of the application of maturity models in universities. Information, 11(10), 466. https://doi.org/10.3390/info11100466
Uyar, A., Güngörmüş, A. H., & Kuzey, C. (2017). Impact of the accounting information system on corporate governance: Evidence from Turkish non-listed companies. Australasian Accounting Business and Finance Journal, 11(1), 9–27. https://doi.org/10.14453/aabfj.v11i1.3
van der Poll, H. M. (2022). The barriers and drivers of environmental management accounting practices’ adoption in developed and developing countries for sustainable development. Sustainable Development, 30(5), 1222–1234. https://doi.org/10.1002/sd.2312
Zulfikar, R., Astuti, K. D., & Ismail, T. (2022). Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) in Indonesia: Factors, and implication. Quality – Access to Success, 23(189), 124–131. https://doi.org/10.47750/QAS/23.189.15
Adekoya, O., & Ojediran, S. (2024). Outsourcing accounting functions and the quality of financial reporting for SMEs in Lagos State. European Journal of Accounting Auditing and Finance Research, 12(5), 82–100. https://doi.org/10.37745/ejaafr.2013/vol12n582100
Agustina, Y., & Augustine, Y. (2024). Towards a maturity model for accounting and financial sustainability in Indonesian MSMEs: Insights from a systematic literature review. Indonesian Journal of Sustainability Accounting and Management, 8(1), 336–368. https://doi.org/10.28992/ijsam.v8i1.970
Alayón, C. L., Säfsten, K., & Johansson, G. (2022). Barriers and enablers for the adoption of sustainable manufacturing by manufacturing SMEs. Sustainability, 14(4), 2364. https://doi.org/10.3390/su14042364
Ardiana, M., Agustina, R., & Pertiwi, D. A. (2023). Increasing business eco-efficiency and competitive advantage through the application of green accounting. Buletin Penelitian Sosial Ekonomi Pertanian Fakultas Pertanian Universitas Haluoleo, 25(1), 1–8. https://doi.org/10.37149/bpsosek.v25i1.363
Becker, J., Knackstedt, R., & Pöppelbuß, J. (2009). Developing maturity models for IT management—A procedure model and its application. Business & Information Systems Engineering, 1(3), 213–222. https://doi.org/10.1007/s12599-009-0044-5
Cagnin, C. H., Loveridge, D., & Butler, J. (2005, September). Business sustainability maturity model. Business Strategy and the Environment Conference.
Caputo, A., Pizzi, S., & Santini, E. (2024). Sustainability and SMEs: Opening the black box. Journal of Management & Organization, 30(3), 413–420. https://doi.org/10.1017/jmo.2024.10
Chakkol, M., Finne, M., & Raja, J. Z. (2018). Social capital is not for sale: A supply network perspective on mergers and acquisitions. Supply Chain Management: An International Journal, 23(5), 377–395. https://doi.org/10.1108/scm-02-2017-0052
Correia, E., Azevedo, S. G., & Carvalho, H. (2023). Proposal of a maturity model for supply chain sustainability. MDPI Preprints. https://doi.org/10.20944/preprints202301.0132.v1
Curtis, B., & Alden, J. (2007). Business Process Maturity Model (BPMM) Version 1.0. Object Management Group. https://www.omg.org/spec/BPMM/1.0/
Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia. (2025). Standar Pengungkapan Keberlanjutan PSPK 1. Ikatan Akuntan Indonesia.
Edwy, F. M., Firdaus, M. I., & A.P., I. F. (2023). Financial management: The implementation in MSMEs. International Journal of Multicultural and Multireligious Understanding, 10(10), 273. https://doi.org/10.18415/ijmmu.v10i10.5170
Ekane, N., Kjellén, M., & Westlund, H. (2020). Linking sanitation policy to service delivery in Rwanda and Uganda: From words to action. Development Policy Review, 38(3), 344–365. https://doi.org/10.1111/dpr.12428
Elmore, R. F. (1979). Backward mapping: Implementation research and policy decisions. Political Science Quarterly, 94(4), 601–616.
Endiana, I. D. M., Dicriyani, N. L. G. M., & Adiyadnya, M. S. P. (2020). The effect of green accounting on corporate sustainability and financial performance. Journal of Asian Finance Economics and Business, 7(12), 731–738. https://doi.org/10.13106/jafeb.2020.vol7.no12.731
Fajri, R. N., Zulfat, A., & Marsuking, M. (2022). Application of financial statements of micro, small and medium enterprises (MSMEs) based on financial accounting standards of micro, small and medium entities (SAK-EMKM. The Academy of Management and Business, 1(3), 145–156. https://doi.org/10.55824/tamb.v1i3.202
Fariz, A. A., Raharjo, T., & Genia, V. (2023). ISO 9001:2015 and Capability Maturity Model Integration 3.0 in software development project. Indonesian Journal of Computer Science, 12(6). https://doi.org/10.33022/ijcs.v12i6.3528
Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.
Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & de Colle, S. (2010). Stakeholder theory: The state of the art. Cambridge University Press.
Humble, N., & Mozelius, P. (2022). Content analysis or thematic analysis: Doctoral students’ perceptions of similarities and differences. The Electronic Journal of Business Research Methods, 20(3), 89–98. https://doi.org/10.34190/ejbrm.20.3.2920
Ikatan Akuntan Indonesia. (2018). Standar akuntansi keuangan entitas mikro, kecil, dan menengah. Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia.
International Monetary Fund. (2024). Indonesia: Selected issues (IMF Country Report No. 24/271). https://www.imf.org/en/Publications/CR/Issues/2024/08/07/Indonesia-Selected-Issues-553168
Järvinen, J., Laine, M., & Hyvönen, T. (2020). Just look at the numbers: A case study on quantification in corporate environmental disclosures. Journal of Business Ethics, 175(1), 23–44. https://doi.org/10.1007/s10551-020-04600-7
Jones, O. W., Gold, J., & Devins, D. (2020). SME productivity stakeholders: Getting in the right orbit. International Journal of Productivity and Performance Management, 70(2), 233–255. https://doi.org/10.1108/IJPPM-06-2019-0274
Kalinowski, T. B. (2020). Business Process Maturity Models research: A systematic literature review. The International Journal of Management Science and Business Administration, 7(1), 29–35. https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.71.1003
Khokhar, S., Pathan, H., & Raheem, A. (2020). Theory development in thematic analysis: Procedure and practice. Review of Applied Management and Social Sciences, 3(3), 423–433. https://doi.org/10.47067/ramss.v3i3.79
Kwon, G.-J. (2017). The impact of human resource expenses on business value: Focus on welfare and training expenses in listed Korean stock markets. Global Business Review, 20(3), 668–683. https://doi.org/10.1177/0972150917721798
Malikah, A., & Nandiroh, U. (2024). Intellectual capital and value of the firm: A systematic literature review. International Journal of Humanities Education and Social Sciences, 3(4). https://doi.org/10.55227/ijhess.v3i4.777
Maon, F., Lindgreen, A., & Swaen, V. (2010). Organizational Stages and Cultural Phases: A Critical Review and a Consolidative Model of Corporate Social Responsibility Development. International Journal of Management Reviews, 12(1), 20–38. https://doi.org/10.1111/j.1468-2370.2009.00278.x
Meidawati, N., & Oktari, N. (2022). Implementation of financial accounting standard in micro, small, and medium enterprises (MSMEs. International Journal of Business Ecosystem and Strategy, 4(2), 73–84. https://doi.org/10.36096/ijbes.v4i2.325
Meza-Ruiz, I. D., Rocha-Lona, L., Del Rocío Soto-Flores, M., Garza-Reyes, J. A., Kumar, V., & Lopez-Torres, G. C. (2017). Measuring Business Sustainability Maturity-levels and Best Practices. Procedia Manufacturing, 11, 751–759. https://doi.org/10.1016/j.promfg.2017.07.176
Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of Management Review, 22(4), 853–886. https://doi.org/https://doi.org/10.2307/259247
Ollis, S., Kovacevic, M., & Djikanović, B. (2024). Maturity assessment of the health information system using Stages of Continuous Improvement Methodology: Results from Serbia. Global Health: Science and Practice, 12(5), 2400083. https://doi.org/10.9745/ghsp-d-24-00083
Oprean-Stan, C., Stan, S. E., & Brătian, V. (2020). Corporate sustainability and intangible resources binomial: New proposal on intangible resources recognition and evaluation. Sustainability, 12(10), 4150. https://doi.org/10.3390/su12104150
O’Reilly, S., Bhaird, C., Gorman, L., & Brennan, N. M. (2024). Accounting practitioners’ perspectives on small- and medium-sized enterprises’ environmental sustainability reporting. Journal of Applied Accounting Research, 26(6), 26–46. https://doi.org/10.1108/JAAR-08-2023-0250
Ory, J. C. (1992). Meta-assessment: Evaluating assessment activities. Research in Higher Education, 33(1992), 467–481. https://doi.org/10.1007/BF00973767
Paulk, M. C., Curtis, B., Chrissis, M. B., & Weber, C. V. (1993). Capability maturity model, version 1.1. IEEE Software, 10(4), 18–27. https://doi.org/10.1109/52.219617
Piwowar-Sulej, K., Rojek-Nowosielska, M., Sokołowska-Durkalec, A., & Markowska-Przybyła, U. (2022). Maturity of CSR implementation at the organizational level—From literature review to a comprehensive model. Sustainability, 14(24), 16492. https://doi.org/10.3390/su142416492
Ramadhanti, W., Kurniawan, K., & Mukhrodin, M. (2019). Antecedent and consequence for accounting information quality on Indonesian SMEs. SAR (Soedirman Accounting Review) Journal of Accounting and Business, 4(2), 142. https://doi.org/10.20884/1.sar.2019.4.2.2465
Renaldo, N., Suharti, S., & Andi, A. (2021). Accounting information systems increase MSMEs performance. Journal of Applied Business and Technology, 2(3), 261–270. https://doi.org/10.35145/jabt.v2i3.83
Risman, A. (2024). Behavioral finance of MSME: Digital finance, managerial biases, financial literacy. Dinasti International Journal of Economics, Finance & Accounting, 5(2), 641–649. https://doi.org/10.38035/dijefa.v5i2.2660
Sadiq, R. B., Safie, N., & Rahman, A. H. A. (2021). Artificial intelligence maturity model: A systematic literature review. PeerJ Computer Science, 7, 661. https://doi.org/10.7717/peerj-cs.661
Schröder, S., Wiek, A., & Farny, S. (2022). Toward holistic corporate sustainability—Developing employees’ action competence for sustainability in small and medium‐sized enterprises through training. Business Strategy and the Environment, 32(4), 1650–1669. https://doi.org/10.1002/bse.3210
Sulistyowati, S. N., Pranoto, A. J., & Mas’adah, N. (2024). The impact of fintech and financial literacy on MSME development through access to finance. DIE Jurnal Ilmu Ekonomi dan Manajemen, 15(1), 79–87. https://doi.org/10.30996/die.v15i1.10594
Szczepańska-Woszczyna, K., & Kurowska-Pysz, J. (2016). Sustainable business development through leadership in SMEs. Ekonomia i Zarządzanie, 8(3), 57–69. https://doi.org/10.1515/emj-2016-0024
Thuy, C. T. M., Khương, N. V., & Canh, N. T. (2021). Corporate social responsibility disclosure and financial performance: The mediating role of financial statement comparability. Sustainability, 13(18), 10077. https://doi.org/10.3390/su131810077
Tocto Cano, E., Paz Collado, S., & López-Gonzales, J. L. (2020). A systematic review of the application of maturity models in universities. Information, 11(10), 466. https://doi.org/10.3390/info11100466
Uyar, A., Güngörmüş, A. H., & Kuzey, C. (2017). Impact of the accounting information system on corporate governance: Evidence from Turkish non-listed companies. Australasian Accounting Business and Finance Journal, 11(1), 9–27. https://doi.org/10.14453/aabfj.v11i1.3
van der Poll, H. M. (2022). The barriers and drivers of environmental management accounting practices’ adoption in developed and developing countries for sustainable development. Sustainable Development, 30(5), 1222–1234. https://doi.org/10.1002/sd.2312
Zulfikar, R., Astuti, K. D., & Ismail, T. (2022). Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) in Indonesia: Factors, and implication. Quality – Access to Success, 23(189), 124–131. https://doi.org/10.47750/QAS/23.189.15
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