Environmental, social and governance and the efficiency of government-linked companies in Malaysia
Environmental, social and governance (ESG) are non-financial performance indicators that help determine financial performance. This study, motivated by the increasing awareness of various stakeholders about the importance of ESG disclosure, explores the impacts of ESG on firm efficiency of governmen...
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my.uniten.dspace-234652023-05-29T14:40:44Z Environmental, social and governance and the efficiency of government-linked companies in Malaysia Kweh Q.L. Alrazi B. Chan Y.C. Abdullah W.M.T.W. Lee R.M.A. 55661469500 46461112300 55749209300 56609926100 57193573655 Environmental, social and governance (ESG) are non-financial performance indicators that help determine financial performance. This study, motivated by the increasing awareness of various stakeholders about the importance of ESG disclosure, explores the impacts of ESG on firm efficiency of government-linked companies (GLCs) in Malaysia from 2006 to 2012. The ESG disclosure is based on the Sustainalytics ESG Research data available in Bloomberg while data development analysis (DEA) is used to estimate firm efficiency. This study found that GLCs focused more on governance disclosures, followed by social and environmental aspects. Governance improved firm efficiency, but social and environmental factors had no similar effects. In conclusion, this study provided insight on ESG initiatives which are useful for stakeholders when making financial and investment decisions. � 2017 Institutions and Economies All rights reserved. Final 2023-05-29T06:40:44Z 2023-05-29T06:40:44Z 2017 Article 2-s2.0-85014992511 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85014992511&partnerID=40&md5=ccacb038604c3adf3c0886d740b10269 https://irepository.uniten.edu.my/handle/123456789/23465 9 2 55 73 Faculty of Economics and Administration Scopus |
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Environmental, social and governance (ESG) are non-financial performance indicators that help determine financial performance. This study, motivated by the increasing awareness of various stakeholders about the importance of ESG disclosure, explores the impacts of ESG on firm efficiency of government-linked companies (GLCs) in Malaysia from 2006 to 2012. The ESG disclosure is based on the Sustainalytics ESG Research data available in Bloomberg while data development analysis (DEA) is used to estimate firm efficiency. This study found that GLCs focused more on governance disclosures, followed by social and environmental aspects. Governance improved firm efficiency, but social and environmental factors had no similar effects. In conclusion, this study provided insight on ESG initiatives which are useful for stakeholders when making financial and investment decisions. � 2017 Institutions and Economies All rights reserved. |
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55661469500 |
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55661469500 Kweh Q.L. Alrazi B. Chan Y.C. Abdullah W.M.T.W. Lee R.M.A. |
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Article |
author |
Kweh Q.L. Alrazi B. Chan Y.C. Abdullah W.M.T.W. Lee R.M.A. |
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Kweh Q.L. Alrazi B. Chan Y.C. Abdullah W.M.T.W. Lee R.M.A. Environmental, social and governance and the efficiency of government-linked companies in Malaysia |
author_sort |
Kweh Q.L. |
title |
Environmental, social and governance and the efficiency of government-linked companies in Malaysia |
title_short |
Environmental, social and governance and the efficiency of government-linked companies in Malaysia |
title_full |
Environmental, social and governance and the efficiency of government-linked companies in Malaysia |
title_fullStr |
Environmental, social and governance and the efficiency of government-linked companies in Malaysia |
title_full_unstemmed |
Environmental, social and governance and the efficiency of government-linked companies in Malaysia |
title_sort |
environmental, social and governance and the efficiency of government-linked companies in malaysia |
publisher |
Faculty of Economics and Administration |
publishDate |
2023 |
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1806427676203810816 |
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13.223943 |