Sustainable Development Goals, Accounting Practices and Public Financial Management: A Pre and Post COVID-19 Assessment

Nakpodia, Franklin; Sakariyahu, Rilwan; Fagbemi, Temitope; Adigun, Rasheed; Dosumu, Oluwatoyin

Abstract

Previous studies have highlighted the importance of policy interventions in achieving the Sustainable Development Goals (SDGs). However, there is limited understanding within accounting literature about strategies to enhance sustainable development initiatives and address the challenges faced in varieties of capitalism. This study investigates the influence of accounting practices and public financial management on SDG attainment, focusing on their interactions. Drawing on a global dataset from 96 countries, we find that both accounting practices and public financial management positively impact human development and environmental sustainability, specifically in relation to SDGs 3, 7, and 13. Additionally, our study uncovers significant differences in these impacts before and during the COVID-19 pandemic. Our findings, which are robust to endogeneity and heterogeneity tests, suggest that policymakers should prioritise the enhancement of accounting practices and public financial management to achieve the SDGs.

Citation

Nakpodia, F., Sakariyahu, R., Fagbemi, T., Adigun, R., & Dosumu, O. (online). Sustainable Development Goals, Accounting Practices and Public Financial Management: A Pre and Post COVID-19 Assessment. The British Accounting Review, Article 101466. https://doi.org/10.1016/j.bar.2024.101466

• Journal Article Type: Article
• Acceptance Date: Aug 18, 2024
• Online Publication Date: Aug 30, 2024
• Deposit Date: Aug 21, 2024
• Publicly Available Date: Aug 30, 2024
• Journal: The British Accounting Review
• Print ISSN: 0890-8389
• Electronic ISSN: 1095-8347
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Article Number: 101466
• DOI: https://doi.org/10.1016/j.bar.2024.101466
• Public URL: https://durham-repository.worktribe.com/output/2763277