Environmental, Social and Governance Disclosures on Financial Performance of Public Listed Companies in Malaysia

Zainon, Saunah; Ismail, Rina Fadhilah; Nawi, Sofwah Md; Shafi, Roslina Mohamad; Misman, Faridah Najuna; Zakaria, Nor Balkish

doi:10.24191/apmaj.v15i3-04

Cited by 15 publications

(12 citation statements)

References 29 publications

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“…According to Tan and Zhu (2022), the implementation of ESG disclosure promotes the transition from profit-oriented to sustainable development that helps shareholders and investors to make investment decisions based on overall performance rather than just financial performance. Zainon et al (2020) inferred that enterprises with high ESG disclosure are better prepared to handle crises and outperform their competitors on average. In this respect, ESG disclosure is more concerned with how enterprises create value rather than what it creates.…”

Section: Literature Reviewmentioning

confidence: 99%

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Mukhtar

Shad

Woon

et al. 2023

SRJ

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Purpose This study aims to propose a conceptual framework to examine the impact of corporate social responsibility (CSR) and green organizational culture (GOC) on green innovation with the moderating role of environmental, social and governance (ESG) disclosure in the Malaysian manufacturing industry. Design/methodology/approach The study is based on primary data to be collected from 204 manufacturing enterprises of consumers, products and services sector through a questionnaire that incorporates the five-point Likert scale. The exploratory factor analysis is proposed to be performed using SPSS 24.0 and confirmatory factor analysis is suggested to be conducted using AMOS.21 software to explore the factors and reliability of the items and to confirm the factorial structure of pertinent variables, respectively. Furthermore, partial least square structural equation modeling is proposed to investigate relationships between constructs and latent variables. Findings The proposed framework suggests that the comprehensive adoption of CSR and GOC with the moderating role of ESG disclosure has a significant and positive impact on green innovation. Practical implications This study provides insights into formulating strategies for enhancing green innovation and serves as a valuable resource for stakeholders for sustainable development in manufacturing enterprises. Originality/value To the best of the authors’ knowledge, regarding originality, this is the first attempt at conceptualizing the integrated framework of CSR, GOC, green innovation and ESG disclosure for collective examination that is likely to extend the existing literature. Furthermore, this study extends stakeholders and resource-based view theory by proving their utility in the perspective of CSR, GOC, green innovation and ESG disclosure to achieve environmental sustainability.

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Section: Literature Reviewmentioning

confidence: 99%

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Mukhtar

Shad

Woon

et al. 2023

SRJ

View full text Add to dashboard Cite

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“…Determining a measurement for firm performance also allows comparison of performances over several periods. As such, numerous methods have been developed to measure financial performance; however, accounting-based measures, namely accounting returns and investor returns, have been used extensively by research studies in regard to governance (Orlitzky, Schmidt, & Rynes, 2003;Zainon et al, 2020).…”

Section: Firm Performancementioning

confidence: 99%

The Effect of Board Attributes on Firm Performance: Evidence from Post MCCG 2007 and Post-MCCG 2012 in Malaysia

Ismail¹,

Saifuddin²,

Yusoff³

et al. 2023

R. Econ. and Finan.

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This study aims to examine the effect of board attributes on the firm performance of public listed companies in Malaysia during the periods of post-Malaysian Code on Corporate Governance (2007) and post-Malaysian Code on Corporate Governance (2012). Based on the Agency and Stewardship theories, the relationships between CEO duality, board composition, board size, gender diversity, and firm performance on PLCs in the main board of Bursa Malaysia were examined. A sample of 688 companies from 2011, 2012, 2016, and 2017 was observed. Findings indicate that the CEO duality, board size, and gender diversity significantly influence the firm performance in the study periods. Such findings offer interesting insights to the relevant authorities towards designing the bestsuited governance measures that may lead to a successful implementation of corporate governance practice. This study also signals the need for an enhanced role of relevant institutional agencies in strategising and strengthening the corporate governance framework in an emerging country such as Malaysia.

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“…Mohammad and Wasiuzzaman (2021) stated that the lack of investments in ESG practices leads to poor investments in high-risk sectors that cause environmental, social and governance challenges. As a result, companies with high ESG practices are better prepared to handle crises and perform better than their competitors on average (Zainon et al, 2020). The ESG practices and its signi cance is growing among both investors and stakeholders.…”

Section: Environment Social and Governance (Esg) Practicesmentioning

confidence: 99%

ESG Practices to Foster Green Innovation with Moderating Role of Innovation Orientation: A Conceptual Framework for the Manufacturing Organizations

Mukhtar,

Shad,

Woon

et al. 2023

Preprint

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In today's dynamic world, many organizations often do not incorporate Environmental, Social and Governance (ESG) practices which are the critical input for green innovation and further sustainable development. There is, however, deficient evidence regarding how ESG practices and innovation orientation affect green innovation in manufacturing listed companies on Bursa Malaysia. Thus, this paper seeks to conceptualize a framework to examine the impact of ESG practices on green innovation by examining the moderating impact of innovation orientation in manufacturing listed companies. This study proposes a quantitative approach by using the well-structured questionnaire for the data collection. The questionnaire will be distributed to 182 manufacturing listed companies on Bursa Malaysia to gain insights about the ESG practices, innovation orientation and green innovation. As part of this research work, Smart Partial Least Square-Structural Equation Modeling (PLS-SEM) is proposed to investigate the relationship between constructs. This conceptualization of ESG practices toward green innovation will provide insights into formulating strategies and will serve as an important conduit to improve green innovation. The application of this proposed model to public listed companies strengthens the originality of this study. Moreover, this work will help in strategic planning toward enhancing green innovation and this will certainly develop business competitiveness and achieve sustainable business performance.

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Environmental, Social and Governance Disclosures on Financial Performance of Public Listed Companies in Malaysia

Cited by 15 publications

References 29 publications

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

The Effect of Board Attributes on Firm Performance: Evidence from Post MCCG 2007 and Post-MCCG 2012 in Malaysia

ESG Practices to Foster Green Innovation with Moderating Role of Innovation Orientation: A Conceptual Framework for the Manufacturing Organizations

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