SUSTAINABILITY OF SOCIAL ENTERPRISES: THE ROLE OF SUSTAINABILITY ACCOUNTING

Abstract

The increasing number of social companies in Malaysia and their contribution to the Malaysian socio-economy and sustainability is promising. Although several social companies in the nation promote social ideals and address economic, social, and environmental concerns, many obstacles and uncertainties remain in their path to sustainability. This study adopted a library research approach which consisted of numerous publications such as Google Scholar, Mendeley, Science Direct, Scopus, and Web of Science (WoS). The reviewing process begins from January 2023 until March 2023. To date, no study has evaluated the significance of sustainability accounting on Malaysian social business sustainability. A fresh conceptual framework that relates sustainability accounting and social enterprise sustainability was developed for sustainable organisations using an extensive current literature analysis. Furthermore, this study investigated the effect of sustainability accounting on sustainable performance among Malaysian social companies. The contributions include enhancing existing literature on sustainability and providing novel insights into the paradigm of organisational sustainability by presenting a new conceptual framework based on a comprehensive literature assessment. Future scholars could benefit from the publication by investigating the proposed paradigm empirically. This study gives insights to policymakers, social entrepreneurs, and stakeholders to facilitate well-informed decisions.