Staff View: Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]

Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]

Embracing environmental, social, and governance (ESG) megatrend among Malaysian firms is becoming crucial as ESG compliance and disclosure are still in the infancy stage, especially after the coronavirus disease (COVID-19) outbreak. Aligned with the government’s initiatives, this study examined the...

Full description

Saved in:

Bibliographic Details
Main Authors:	Raja Ahmad, Raja Adzrin, Samsuddin, Mas Ervina, Azmi, Nurul Azlin, Abdullah, Norhidayah
Format:	Article
Language:	English
Published:	Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA 2023
Subjects:	Environmental policy and economic development. Sustainable development. Environmental management
Online Access:	https://ir.uitm.edu.my/id/eprint/83421/1/83421.pdf https://ir.uitm.edu.my/id/eprint/83421/ https://apmaj.uitm.edu.my/
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my.uitm.ir.83421
record_format	eprints
spelling	my.uitm.ir.834212023-09-05T03:49:44Z https://ir.uitm.edu.my/id/eprint/83421/ Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.] apmaj Raja Ahmad, Raja Adzrin Samsuddin, Mas Ervina Azmi, Nurul Azlin Abdullah, Norhidayah Environmental policy and economic development. Sustainable development. Environmental management Embracing environmental, social, and governance (ESG) megatrend among Malaysian firms is becoming crucial as ESG compliance and disclosure are still in the infancy stage, especially after the coronavirus disease (COVID-19) outbreak. Aligned with the government’s initiatives, this study examined the effects of ESG disclosure on firm performance. Using 180 firm-year observations from the top 100 firms listed on Bursa Malaysia from 2018 to 2021, we found that the ESG score boosted firm performance, as its disclosure attracted investor confidence and indirectly increased investment and firm performance. However, it was discovered that controversies provide a positive signal to investors in emerging countries as it improved their firm performance; further analysis was conducted to investigate which ESG pillars had a positive effect on the firm performance. The social pillar was associated with higher firm performance as it can influence workplace culture and indirectly increase firm performance. Contrasting findings were also found on the governance pillar on firm performance which indicated that governance did not improve firm performance directly, but good governance may contribute to better ESG investment and disclosure. Indirectly, it can improve firm performance. This study adds important evidence on the effects of ESG pillars and ESG controversies on firm performance. Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA 2023-08 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/83421/1/83421.pdf Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]. (2023) Asia-Pacific Management Accounting Journal (APMAJ) <https://ir.uitm.edu.my/view/publication/Asia-Pacific_Management_Accounting_Journal_=28APMAJ=29/>, 18 (2): 6. pp. 143-163. ISSN 2550-1631 https://apmaj.uitm.edu.my/
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Environmental policy and economic development. Sustainable development. Environmental management
spellingShingle	Environmental policy and economic development. Sustainable development. Environmental management Raja Ahmad, Raja Adzrin Samsuddin, Mas Ervina Azmi, Nurul Azlin Abdullah, Norhidayah Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]
description	Embracing environmental, social, and governance (ESG) megatrend among Malaysian firms is becoming crucial as ESG compliance and disclosure are still in the infancy stage, especially after the coronavirus disease (COVID-19) outbreak. Aligned with the government’s initiatives, this study examined the effects of ESG disclosure on firm performance. Using 180 firm-year observations from the top 100 firms listed on Bursa Malaysia from 2018 to 2021, we found that the ESG score boosted firm performance, as its disclosure attracted investor confidence and indirectly increased investment and firm performance. However, it was discovered that controversies provide a positive signal to investors in emerging countries as it improved their firm performance; further analysis was conducted to investigate which ESG pillars had a positive effect on the firm performance. The social pillar was associated with higher firm performance as it can influence workplace culture and indirectly increase firm performance. Contrasting findings were also found on the governance pillar on firm performance which indicated that governance did not improve firm performance directly, but good governance may contribute to better ESG investment and disclosure. Indirectly, it can improve firm performance. This study adds important evidence on the effects of ESG pillars and ESG controversies on firm performance.
format	Article
author	Raja Ahmad, Raja Adzrin Samsuddin, Mas Ervina Azmi, Nurul Azlin Abdullah, Norhidayah
author_facet	Raja Ahmad, Raja Adzrin Samsuddin, Mas Ervina Azmi, Nurul Azlin Abdullah, Norhidayah
author_sort	Raja Ahmad, Raja Adzrin
title	Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]
title_short	Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]
title_full	Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]
title_fullStr	Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]
title_full_unstemmed	Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]
title_sort	is environmental, social and governance (esg) disclosure value enhancing? evidence from top 100 companies / raja adzrin raja ahmad … [et al.]
publisher	Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA
publishDate	2023
url	https://ir.uitm.edu.my/id/eprint/83421/1/83421.pdf https://ir.uitm.edu.my/id/eprint/83421/ https://apmaj.uitm.edu.my/
_version_	1776250571641061376
score	13.211869

Is environmental, social and governance (ESG) disclosure value enhancing? Evidence from top 100 companies / Raja Adzrin Raja Ahmad … [et al.]

Similar Items