E-commerce adoption is one core strategic measure of the Association of Southeast Asia Nations (ASEAN) Economic Community Blueprint 2025. However, such an effort faces great challenges due to the socio-economic heterogeneity across the member states. This paper integrates individual and country-level drivers to empirically test the model of e-commerce adoption among citizens in ASEAN. The model examines the relationships between four key drivers: demand, supply, infrastructure and regulation, on individual online purchasing behaviour. To advance, we embed and we examine the role of national trust in the model. Using data from 5,883 individuals in six ASEAN countries in 2017, the findings show, ceteris paribus, demand, supply, infrastructure and trust are positively associated with e-commerce adoption. This study sends a strong signal that e-commerce adoption in ASEAN can be enhanced through improvements in the institutions of each member country.
The board of directors’ role is paramount in businesses because it reflects the organisation’s ability to earn investor confidence and improve financial performance. This paper aims to examine the relationship between environmental and social (ES) information disclosure and firm financial performance and the interaction effects of board meetings on the relationship between ES and firm performance in Malaysian publicly traded firms from 2013 to 2017. This article contributes to the theoretical foundations of the agency theory as it relates to the corporate governance function. The agency theory framework is used to capture the inherent interrelationships between the board of directors and firm performance. The study’s findings indicate that a firm’s relationship between ES and financial performance, measured by Tobin Q and return on equity, may be significantly affected by board meetings.
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