Does ESG certification add firm value?

This paper examines the impact of environmental, social and governance (ESG) certification on Malaysian firms. The analysis shows that ESG certification lowers a firm's cost of capital, while Tobin's Q increases significantly. These findings, while consistent with existing studies in devel...

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Bibliographic Details

Main Authors:	Wong, Woei Chyuan, Batten, Jonathan A., Ahmad, Abd Halim @ Hamilton, Mohamed Arshad, Shamsul Bahrain, Nordin, Sabariah, Abdul Adzis, Azira
Format:	Article
Language:	en
Published:	Elsevier Inc. 2020
Subjects:	HG Finance
Online Access:	https://repo.uum.edu.my/id/eprint/27111/1/10.1016%40j.frl.2020.101593.pdf https://repo.uum.edu.my/id/eprint/27111/ http://doi.org/10.1016/j.frl.2020.101593
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