ESG disclosure and the role of CEO narcissism on firm value: the case of ASEAN-5

Falah, Laila Jahidatul; Mita, Aria Farah

doi:10.1504/gber.2022.10049690

Cited by 1 publication

(3 citation statements)

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“…The primary goal when establishing a company is to enhance its worth and promote its growth. The growth of a company becomes evident when external entities appraise its assets and observe an increase in its stock market value [16]. A company's value is the price investors would ideally be willing to pay if the company were to be sold.…”

Section: Firm Valuementioning

confidence: 99%

“…Consistently high stock prices are a positive sign for a company's growth prospects. In essence, this ratio measures the value that the financial market places on the company's management and organizational capabilities as a growing entity [16].…”

Section: Firm Valuementioning

confidence: 99%

“…Thus, their annual reports contained more narratives to convey [15]. Furthermore, in line with the corporate life cycle theory, publicly listed companies are typically in the mature stage, resulting in greater disclosure compared to younger companies [16]. This research also investigates whether SDG disclosure in companies is hindered if ownership concentration is centralized among only one owner.…”

Section: Introductionmentioning

confidence: 96%

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Ownership structures, company size and age, and sustainable development goals are disclosed in the annual report: Is it acceptable to investors? (Survey among publicly listed companies in Indonesia)

Pratama,

Yadiati,

Jaenudin

2024

ijirss

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The point of this study is to look into how much information about the Sustainable Development Goals (SDGs) that shows how companies support global goals is included in their annual reports. It will also look into whether the type of company and its ownership structure affect how much information about the SDGs is included in financial reports. This study also tested whether SDG disclosures influence firm value. Analyzing companies listed on Indonesian stock exchanges will be the method of conducting this research. This study uses secondary data in the form of disclosure information from annual company reports. The data will be further analyzed using content analysis with a matrix referring to SDG reporting in annual reports. The data were described using descriptive statistics and analyzed using Structural Equation Modelling (SEM) and Path analysis. This research showed that company size and company age positively influence SDG disclosure. The higher the ownership concentration in the company, the better the SDG disclosure, and the SDG disclosure positively influences firm value. This research showed that the level of Sustainable Development Goals (SDGs) disclosure among Indonesian companies is currently limited. This research also discovered that companies with greater complexity tend to provide more comprehensive information about their SDG efforts. It is important to focus on improving SDG disclosure among newer companies with lower ownership concentrations. Lastly, this research also indicates a connection between SDG reporting and company value, but the impact of this connection is relatively minor.

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Section: Firm Valuementioning

confidence: 99%

Section: Firm Valuementioning

confidence: 99%