RECONCEPTUALIZING TRIPLE BOTTOM LINE ACCOUNTING: A CRITICAL REVIEW OF STAKEHOLDER THEORY

Resumo

This study aims to reconceptualize the Triple Bottom Line (TBL) accounting framework by integrating it with stakeholder theory to address the long-standing limitations in sustainability measurement and reporting. Using a qualitative library research method, the study systematically reviews and synthesizes recent theoretical and empirical literature on TBL, stakeholder theory, and multi-capital accounting. The analysis reveals that while TBL has gained global traction, its application remains fragmented—particularly in measuring social and environmental performance—due to weak stakeholder integration and a lack of standardization in reporting frameworks. One of the key contributions of this study is the development of a theoretical model that aligns stakeholder salience with multi-capital measurement, offering a new approach to balance economic, social, and environmental priorities. The novelty of this research lies in proposing a stakeholder-responsive accounting framework that moves beyond symbolic disclosure practices and provides practical insights for advancing sustainability accounting in both developed and emerging economies. The findings emphasize the need for a shift from firm-centric to stakeholder-inclusive thinking, where organizations not only report but actively manage trade-offs between stakeholder interests. In conclusion, this study contributes to the theoretical refinement of TBL accounting by embedding stakeholder theory into its core logic, thus enhancing i

Tipo

Artigo

Área

Contabilidade

Ano

2025

Idioma

Inglês

Licença

CC BY

DOI

10.61677/count.v2i3.561

Como citar (ABNT)

CRESCENTIANO AGUNG WICAKSONO. RECONCEPTUALIZING TRIPLE BOTTOM LINE ACCOUNTING: A CRITICAL REVIEW OF STAKEHOLDER THEORY. Count : Journal of Accounting, Business and Management, v. 2, n. 3, p. 166-176, 2025. DOI: 10.61677/count.v2i3.561.