Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar

Nowadays, Bursa Malaysia is actively seeking registered companies in Malaysia to report their Environmental, Social, and Governance (ESG) information for public especially after Bursa Malaysia has introduced the Simplified ESG disclosure guideline to help the Small, and Medium Enterprise (SME) in di...

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التفاصيل البيبلوغرافية
المؤلف الرئيسي: Azhar, Nik Nur Azmina
التنسيق: أطروحة
اللغة:English
منشور في: 2024
الموضوعات:
الوصول للمادة أونلاين:https://ir.uitm.edu.my/id/eprint/98077/1/98077.pdf
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spelling my-uitm-ir.980772024-08-30T09:17:45Z Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar 2024 Azhar, Nik Nur Azmina Environmental policy and economic development. Sustainable development. Environmental management Earnings management Profits. Corporate profits Nowadays, Bursa Malaysia is actively seeking registered companies in Malaysia to report their Environmental, Social, and Governance (ESG) information for public especially after Bursa Malaysia has introduced the Simplified ESG disclosure guideline to help the Small, and Medium Enterprise (SME) in disclosing the ESG information. With this introduction, it makes the listed companies triggered to disclose their ESG information. Institutional theory states that when there is pressure on the companies, they will follow the stipulated Bursa Requirements by disclosing the ESG information in more details especially plantation companies since this sector is more exposed to the ESG issues as compared to the other sectors. The objective of this research is to examine the relationship between ESG disclosure and firm performance of plantation listed companies in Malaysia for each individual ESG pillars. This research uses stratified sampling in choosing the sample which are main listed companies on Bursa Malaysia and Shariah compliance. In total, 32 plantation companies meet the requirement of the sample and ESG data are collected from the annual report. Every company is observed for five years from 2018 to 2022. This research uses 30 indicators in measuring the disclosure of information for Environmental Disclosure (ED), Social Disclosure (SD), and Governance Disclosure (GD). In measuring the firm performance, this research uses Return on Equity (ROE), Earnings Before Interest and Taxation (EBIT), and Tobin’s Q (TQ). The results show that ED has significant relationship with ROE and TQ, but insignificant relationships with EBIT. SD has significant relationship with ROE and EBIT, but insignificant relationships with TQ. All proxies used have insignificant relationship with GD. The findings of this research help to uncover how plantation companies respond to sustainability-related institutional pressures, offering insights into the alignment between corporate practices and societal expectations. 2024 Thesis https://ir.uitm.edu.my/id/eprint/98077/ https://ir.uitm.edu.my/id/eprint/98077/1/98077.pdf text en public masters Universiti Teknologi MARA, Kelantan Faculty of Accountancy
institution Universiti Teknologi MARA
collection UiTM Institutional Repository
language English
topic Environmental policy and economic development
Sustainable development
Environmental management
Earnings management
Environmental policy and economic development
Sustainable development
Environmental management
spellingShingle Environmental policy and economic development
Sustainable development
Environmental management
Earnings management
Environmental policy and economic development
Sustainable development
Environmental management
Azhar, Nik Nur Azmina
Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar
description Nowadays, Bursa Malaysia is actively seeking registered companies in Malaysia to report their Environmental, Social, and Governance (ESG) information for public especially after Bursa Malaysia has introduced the Simplified ESG disclosure guideline to help the Small, and Medium Enterprise (SME) in disclosing the ESG information. With this introduction, it makes the listed companies triggered to disclose their ESG information. Institutional theory states that when there is pressure on the companies, they will follow the stipulated Bursa Requirements by disclosing the ESG information in more details especially plantation companies since this sector is more exposed to the ESG issues as compared to the other sectors. The objective of this research is to examine the relationship between ESG disclosure and firm performance of plantation listed companies in Malaysia for each individual ESG pillars. This research uses stratified sampling in choosing the sample which are main listed companies on Bursa Malaysia and Shariah compliance. In total, 32 plantation companies meet the requirement of the sample and ESG data are collected from the annual report. Every company is observed for five years from 2018 to 2022. This research uses 30 indicators in measuring the disclosure of information for Environmental Disclosure (ED), Social Disclosure (SD), and Governance Disclosure (GD). In measuring the firm performance, this research uses Return on Equity (ROE), Earnings Before Interest and Taxation (EBIT), and Tobin’s Q (TQ). The results show that ED has significant relationship with ROE and TQ, but insignificant relationships with EBIT. SD has significant relationship with ROE and EBIT, but insignificant relationships with TQ. All proxies used have insignificant relationship with GD. The findings of this research help to uncover how plantation companies respond to sustainability-related institutional pressures, offering insights into the alignment between corporate practices and societal expectations.
format Thesis
qualification_level Master's degree
author Azhar, Nik Nur Azmina
author_facet Azhar, Nik Nur Azmina
author_sort Azhar, Nik Nur Azmina
title Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar
title_short Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar
title_full Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar
title_fullStr Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar
title_full_unstemmed Environmental, social, and governance (ESG) disclosure and firm performance: a case study of Malaysian plantation listed companies / Nik Nur Azmina Azhar
title_sort environmental, social, and governance (esg) disclosure and firm performance: a case study of malaysian plantation listed companies / nik nur azmina azhar
granting_institution Universiti Teknologi MARA, Kelantan
granting_department Faculty of Accountancy
publishDate 2024
url https://ir.uitm.edu.my/id/eprint/98077/1/98077.pdf
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