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Impact of green building certificate on firm’s financial performance

Implementation of green building (GB) practice is one of the environmental practice taken by some developers in order to overcome the loss of green space in urban area. The developers who are implement GB practice are eligible to get GB certificate. As reported by Green Building Index (GBI) on 2016,...

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Main Authors: A. Samad, Nur Syafiqah, Abdul Samad, Abdul Rahim, Mohd Yusof, Mohd Johari, Tanaka, Katsuya
Format: Article
Language:English
Published: IOP Publishing 2020
Online Access:http://psasir.upm.edu.my/id/eprint/89285/1/GREEN.pdf
http://psasir.upm.edu.my/id/eprint/89285/
https://iopscience.iop.org/article/10.1088/1755-1315/549/1/012076
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spelling my.upm.eprints.892852021-09-20T12:35:18Z http://psasir.upm.edu.my/id/eprint/89285/ Impact of green building certificate on firm’s financial performance A. Samad, Nur Syafiqah Abdul Samad, Abdul Rahim Mohd Yusof, Mohd Johari Tanaka, Katsuya Implementation of green building (GB) practice is one of the environmental practice taken by some developers in order to overcome the loss of green space in urban area. The developers who are implement GB practice are eligible to get GB certificate. As reported by Green Building Index (GBI) on 2016, only 8% out of 2,000 developers have GB certificate. Most of them are not interested and stated that adoption of GB certificate is not a preferred investment for their business. Their perception are contradict with the previous studies which have proved that the environmental practice is positively significant with firms’ financial performance. Hence, the objective of this study is to evaluate the impact of GB certificate on the firms’ financial performance. A total of 323 developers’ financial reports for the year 2015 were collected from Bursa Saham Malaysia and Suruhanjaya Syarikat Malaysia. Using propensity score matching (PSM) technique, it was found that developers with GB certificate had higher return on asset (ROA) compared to developers without GB certificate. In conclusion, GB certificate have positive impact on firm’s financial performance. The finding of this study will motivate other developers to implement GB practice in their upcoming project development. IOP Publishing 2020 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/89285/1/GREEN.pdf A. Samad, Nur Syafiqah and Abdul Samad, Abdul Rahim and Mohd Yusof, Mohd Johari and Tanaka, Katsuya (2020) Impact of green building certificate on firm’s financial performance. IOP Conference Series: Earth and Environmental Science, 549. art. no. 012076. pp. 1-15. ISSN 1755-1307; ESSN: 1755-1315 https://iopscience.iop.org/article/10.1088/1755-1315/549/1/012076 10.1088/1755-1315/549/1/012076
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Implementation of green building (GB) practice is one of the environmental practice taken by some developers in order to overcome the loss of green space in urban area. The developers who are implement GB practice are eligible to get GB certificate. As reported by Green Building Index (GBI) on 2016, only 8% out of 2,000 developers have GB certificate. Most of them are not interested and stated that adoption of GB certificate is not a preferred investment for their business. Their perception are contradict with the previous studies which have proved that the environmental practice is positively significant with firms’ financial performance. Hence, the objective of this study is to evaluate the impact of GB certificate on the firms’ financial performance. A total of 323 developers’ financial reports for the year 2015 were collected from Bursa Saham Malaysia and Suruhanjaya Syarikat Malaysia. Using propensity score matching (PSM) technique, it was found that developers with GB certificate had higher return on asset (ROA) compared to developers without GB certificate. In conclusion, GB certificate have positive impact on firm’s financial performance. The finding of this study will motivate other developers to implement GB practice in their upcoming project development.
format Article
author A. Samad, Nur Syafiqah
Abdul Samad, Abdul Rahim
Mohd Yusof, Mohd Johari
Tanaka, Katsuya
spellingShingle A. Samad, Nur Syafiqah
Abdul Samad, Abdul Rahim
Mohd Yusof, Mohd Johari
Tanaka, Katsuya
Impact of green building certificate on firm’s financial performance
author_facet A. Samad, Nur Syafiqah
Abdul Samad, Abdul Rahim
Mohd Yusof, Mohd Johari
Tanaka, Katsuya
author_sort A. Samad, Nur Syafiqah
title Impact of green building certificate on firm’s financial performance
title_short Impact of green building certificate on firm’s financial performance
title_full Impact of green building certificate on firm’s financial performance
title_fullStr Impact of green building certificate on firm’s financial performance
title_full_unstemmed Impact of green building certificate on firm’s financial performance
title_sort impact of green building certificate on firm’s financial performance
publisher IOP Publishing
publishDate 2020
url http://psasir.upm.edu.my/id/eprint/89285/1/GREEN.pdf
http://psasir.upm.edu.my/id/eprint/89285/
https://iopscience.iop.org/article/10.1088/1755-1315/549/1/012076
_version_ 1712286759863189504
score 13.211869

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