:This study is aimed to investigate the relationship between environmental performance, environmental innovation, and financial performance of firms. A total of 124 responses were collected from managers of manufacturers certified by ISO 14001 EMS in Malaysia, and the data was subjected to a structural equation analysis using the Smart PLS version 3.2.7 software. The results have endorsed environmental competitive capabilities i.e. environmental innovation and environmental performance as the key enablers for the creation of economic values for environmental proactive manufacturing firms. Moreover, environmental innovation is also found to be the mediator that transforms the benefits of environmental performance into financial performance.
Abstract-This paper analyses the relationship between environmental improvement and the financial performance of firms on a sample of 78 leading companies listed in Bursa Malaysia. This study uses content analysis to verify the extent of information disclosed and reported by companies. The results indicate that efforts to embrace environmental improvement and activities may help firms gain financially.Index Terms-Environmental improvements, financial performance, Malaysia.
This study examines the investment performance of conventional and Islamic Real Estate Investment Trusts (REITs) listed in Malaysia over the 2005-10 time period. Analysis reveals that both conventional and Islamic REITs experienced negative monthly return during 2008 global financial crisis (GFC) period, and positive monthly return post GFC period. Compared to market indices, most REITs are under-performed before GFC. Divergent findings were reported during the GFC and post-GFC, depending on the measurement tools used. Based on Treynor and Sharpe measurements, most REITs under-performed the market portfolio in during and post GFC period. However, according to Jensen measurement, the REITs out-performed market indices during and post GFC period. Despite these seemingly divergent findings, this study can assist investors, regulatory body, fund managers and academics to make a better informed investment decision on Malaysia REITs. This study has provided interesting and important information and insights into the performance of Malaysia REITs.
The popularity of achieving environmental sustainability among businesses is not exceptional in the green business literature. However, despite its popularity, businesses are still practically clueless about its benefits. This study employs the dynamic capabilities theory to investigate the relationship between environmental capabilities (i.e., environmental strategic focus, shared vision, management support, collaboration, and technological capabilities) and environmental innovation. To test the hypotheses, data from a sample of 124 firms were collected from managers of environmental management system 14001-certified Malaysian manufacturing firms. The collected data were analyzed using structural equation modeling with partial least squares version 3.0. The results indicated that environmental technological capabilities and environmental collaboration both have a positive impact in directly enhancing the firms’ environmental innovations. The findings of this study indicate the possibility that manufacturers can remain competitive by integrating environmental considerations at the strategic level; collaborating with suppliers, customers, and the local community for environmental solutions; and investing in environmental technological capabilities.
Global warming is becoming more and more of a concern, leading authorities to take action. The industrial sector is a key contributor to environmental and social problems. Based on stakeholder theory and agency theory, this research proposes that green innovation strategies at the firm level can overcome the industry’s negative environmental impact. As a result, the focus of this research is on green innovation strategies for corporate financing. In addition, this research suggests that corporate social responsibility and gender diversity directly affect corporate financing and their interaction. This study used Chinese 301 manufacturing firms (3010 observations) for the period 2010–2019 for this purpose. This study looks into panel data issues in depth by using approaches such as the fixed effect and generalized method of moment. The feasible generalized least square was employed to increase robustness. Furthermore, green innovation strategies were used for corporate financing. Second, the study discovered that corporate social responsibility aided firm financing. Our findings also imply that corporate social responsibility helps to attenuate the association amid green innovative strategies and corporate financing. Finally, these findings revealed that gender diversity had a favorable effect on corporate financing. Furthermore, this study confirmed that the moderating role of gender diversity is beneficial to green innovative strategies and corporate financing. These findings add to the literature by providing policymakers and regulatory bodies with useful information for advancing sustainable development.
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