Factors of Financial Decisions Affecting the Application of Green Accounting in Textile and Garment Enterprises Listed on Vietnam Stock Market

In the current environment, firms must innovate their manufacturing and business methods in a sustainable and green manner. Vietnam's textile and apparel sector is crucial to the country's economic and social advancement. On the other hand, the environmental effects of the industry's corporate practices are detrimental. Green accounting solutions are a useful way to get around this restriction and support the sustainable development aims of the apparel industry. The factors influencing the implementation of green accounting are measured in the study using a combination of quantitative and qualitative research approaches. The author uses SPSS26 software to handle data gathered from 52 textile and apparel companies that are listed on the Vietnam stock market through random sampling.

The findings show that businesses that rely heavily on loan capital tend to have a negative relationship with the level of green accounting adoption. However, businesses that rely mainly on equity capital tend to have a higher level of green accounting adoption. In addition, the results of the estimated analysis show a positive relationship between focusing on green accounting applications. These findings suggest that policymakers should consider encouraging businesses to prioritize equity financing over debt financing to promote higher levels of green accounting adoption.