Sustainable Accounting Reporting Practices of Indian Cement Industry: an Exploratory Study

In: Business and Management

Submitted By vcpc2008
Words 6636
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Uncertain Supply Chain Management 2 (2014) 61–72

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Sustainable accounting reporting practices of Indian cement industry: An exploratory study

Shagufta Khana , Vineet Chouhanb*, Bibhas Chandrac and Shubham Goswamib

a

Research Scholar, School of Management, Sir Padampat Singhania University, Udaipur-India
Assistant Professor, School of Management, Sir Padampat Singhania University, Bhatewar, Udaipur-India, 313601 c Associate Professor, School of Management, Sir Padampat Singhania University, Bhatewar, Udaipur-India, 313601 b CHRONICLE
Article history:
Received September 10, 2013
Received in revised format
10 December 2013
Accepted February 25 2014
Available online
February 27 2014
Keywords:
Cement Industry
Sustainability
Financial Information
Environment
Accounting Reporting
Sustainable Reporting Practices

ABSTRACT
Cement is the single most important and profitable product in the building material sector. With the economic boom, in India, Indian cement industry is a market of opportunities waiting to be tapped. However, at the same time cement industry is also experiencing a surge in demand.
Production of Cement will always release carbon dioxide and change in the climate of the earth that is why despite its profitability, the cement industry faces many challenges regarding environmental concerns and sustainability issues. In order to minimize the impact of all of the above mentioned issues, it is clear that the cement and construction industry will have to adapt to remain sustainable and in this process a number of innovative and new practices have to be adopted. The objective of this paper is to analyze the gap between the existing reporting practices and level of disclosure desired by stakeholders of cement companies and to identify the areas…...

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