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Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia

Corporate social responsibility (CSR) has been rolledout in recent years as it has become vital owing to the massive growth of financial institutions, mutual funds, online resources, and other publications. CSRdisclosure could reduce the cost of equity. The study's main objective is...

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Main Authors: Mohd Waliuddin, Mohd Razali, Tracia, Sim, Damien Iung Yau, Lee, Fatin Nur Hidayah, Taib Khan, Shazali, Shaharuddin
Format: Article
Language:English
Published: UNIMAS Publisher 2023
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/43902/1/6387-Article%20Text-24864-1-10-20231226-1-2.pdf
http://ir.unimas.my/id/eprint/43902/
https://publisher.unimas.my/ojs/index.php/URAF/article/view/6387/2036
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spelling my.unimas.ir-439022025-01-13T04:23:52Z http://ir.unimas.my/id/eprint/43902/ Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia Mohd Waliuddin, Mohd Razali Tracia, Sim Damien Iung Yau, Lee Fatin Nur Hidayah, Taib Khan Shazali, Shaharuddin HG Finance Corporate social responsibility (CSR) has been rolledout in recent years as it has become vital owing to the massive growth of financial institutions, mutual funds, online resources, and other publications. CSRdisclosure could reduce the cost of equity. The study's main objective is to investigate the CSR disclosure by companies listed in Malaysia towardsthe cost of equity. This study is based on three hundred four (304) samples of Malaysian listed companies from 2013 to 2014. The data of the sampleswere mainly collected from annual reports, except for financial data which were collected from DataStream. The result revealed that the CSR disclosure in the annual report could reduce the company's cost of equity by reducinginformation asymmetry, reducing agency costs, and reducing companies' risk. The result also shows that liquidity has a significant negative relationship with the cost of equity. The higher information disclosure enhances stock market liquidity,thus, reducing the cost of equity through the reduction of risk as well increasing demand for a company's securities. The size, liquidity, and growth have a significant relationship with the cost of equity. UNIMAS Publisher 2023-12-25 Article PeerReviewed text en http://ir.unimas.my/id/eprint/43902/1/6387-Article%20Text-24864-1-10-20231226-1-2.pdf Mohd Waliuddin, Mohd Razali and Tracia, Sim and Damien Iung Yau, Lee and Fatin Nur Hidayah, Taib Khan and Shazali, Shaharuddin (2023) Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia. UNIMAS REVIEW OF ACCOUNTING AND FINANCE, 7 (1). pp. 110-126. ISSN 2590-3543 https://publisher.unimas.my/ojs/index.php/URAF/article/view/6387/2036 DOI: 10.33736/uraf.6387.2023
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
spellingShingle HG Finance
Mohd Waliuddin, Mohd Razali
Tracia, Sim
Damien Iung Yau, Lee
Fatin Nur Hidayah, Taib Khan
Shazali, Shaharuddin
Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia
description Corporate social responsibility (CSR) has been rolledout in recent years as it has become vital owing to the massive growth of financial institutions, mutual funds, online resources, and other publications. CSRdisclosure could reduce the cost of equity. The study's main objective is to investigate the CSR disclosure by companies listed in Malaysia towardsthe cost of equity. This study is based on three hundred four (304) samples of Malaysian listed companies from 2013 to 2014. The data of the sampleswere mainly collected from annual reports, except for financial data which were collected from DataStream. The result revealed that the CSR disclosure in the annual report could reduce the company's cost of equity by reducinginformation asymmetry, reducing agency costs, and reducing companies' risk. The result also shows that liquidity has a significant negative relationship with the cost of equity. The higher information disclosure enhances stock market liquidity,thus, reducing the cost of equity through the reduction of risk as well increasing demand for a company's securities. The size, liquidity, and growth have a significant relationship with the cost of equity.
format Article
author Mohd Waliuddin, Mohd Razali
Tracia, Sim
Damien Iung Yau, Lee
Fatin Nur Hidayah, Taib Khan
Shazali, Shaharuddin
author_facet Mohd Waliuddin, Mohd Razali
Tracia, Sim
Damien Iung Yau, Lee
Fatin Nur Hidayah, Taib Khan
Shazali, Shaharuddin
author_sort Mohd Waliuddin, Mohd Razali
title Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia
title_short Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia
title_full Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia
title_fullStr Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia
title_full_unstemmed Corporate Social Responsibility Disclosure and Cost of Equity: Evidence From Public Listed Companies in Malaysia
title_sort corporate social responsibility disclosure and cost of equity: evidence from public listed companies in malaysia
publisher UNIMAS Publisher
publishDate 2023
url http://ir.unimas.my/id/eprint/43902/1/6387-Article%20Text-24864-1-10-20231226-1-2.pdf
http://ir.unimas.my/id/eprint/43902/
https://publisher.unimas.my/ojs/index.php/URAF/article/view/6387/2036
_version_ 1822896172570771456
score 13.235362

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