Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali

Environmental, social and governance (ESG) is another branch of corporate social responsibility, which have gained more attention from corporate businesses and investors. The new emerging socially responsible investment requires the inclusion of ESG in the companies' business conduct. The ESG i...

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Main Author:	Razali, Fatin Adilah
Format:	Thesis
Language:	English
Published:	2015
Online Access:	https://ir.uitm.edu.my/id/eprint/17678/2/TM_FATIN%20ADILAH%20RAZALI%20AC%2015_5.pdf
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spelling	my-uitm-ir.176782022-03-10T06:16:28Z Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali 2015 Razali, Fatin Adilah Environmental, social and governance (ESG) is another branch of corporate social responsibility, which have gained more attention from corporate businesses and investors. The new emerging socially responsible investment requires the inclusion of ESG in the companies' business conduct. The ESG information disclosure practices might differ across the country's location. Specific regulation in disclosing the required information is necessary to ensure the information provided will satisfy all stakeholders especially socially responsible investors. The purpose of this study is to examine and compare the level of ESG disclosure between two countries under different ESG disclosure practice requirement. Moreover, this study also examines the element being prioritize or emphasis under ESG disclosure. In addition, the relationship between ESG disclosure and firm's performance measured by economic value added (EVA) is also included in this study. This study is a quantitative study and it employs top 100 companies each listed in Malaysia and Denmark stock exchanges. Using a content analysis method on the companies report in 2013 and comparative analysis (Mann-Whitney U test and Kruskal-Wallis test), the study found that there is a significant different in ESG disclosure and its elements emphasis in both countries. Country regulatory background, norms and believe may effect and influence the level of ESG disclosures and its emphasis. The correlation analysis is employ to test the relationship between ESG disclosures and firms EVA. The result found that there is no relationship exists between ESG disclosure and firms EVA. However, this study considers one-year lag between ESG disclosures in 2013 with firms performance in 2014.This indicates that the information disclosed today may not dictate any changes and improvements in the firms' performance in the following year. Information provided should have significant value to the company and their investors as ethical business conduct facilitate the company's longevity in the market. 2015 Thesis https://ir.uitm.edu.my/id/eprint/17678/ https://ir.uitm.edu.my/id/eprint/17678/2/TM_FATIN%20ADILAH%20RAZALI%20AC%2015_5.pdf text en public mphil masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
description	Environmental, social and governance (ESG) is another branch of corporate social responsibility, which have gained more attention from corporate businesses and investors. The new emerging socially responsible investment requires the inclusion of ESG in the companies' business conduct. The ESG information disclosure practices might differ across the country's location. Specific regulation in disclosing the required information is necessary to ensure the information provided will satisfy all stakeholders especially socially responsible investors. The purpose of this study is to examine and compare the level of ESG disclosure between two countries under different ESG disclosure practice requirement. Moreover, this study also examines the element being prioritize or emphasis under ESG disclosure. In addition, the relationship between ESG disclosure and firm's performance measured by economic value added (EVA) is also included in this study. This study is a quantitative study and it employs top 100 companies each listed in Malaysia and Denmark stock exchanges. Using a content analysis method on the companies report in 2013 and comparative analysis (Mann-Whitney U test and Kruskal-Wallis test), the study found that there is a significant different in ESG disclosure and its elements emphasis in both countries. Country regulatory background, norms and believe may effect and influence the level of ESG disclosures and its emphasis. The correlation analysis is employ to test the relationship between ESG disclosures and firms EVA. The result found that there is no relationship exists between ESG disclosure and firms EVA. However, this study considers one-year lag between ESG disclosures in 2013 with firms performance in 2014.This indicates that the information disclosed today may not dictate any changes and improvements in the firms' performance in the following year. Information provided should have significant value to the company and their investors as ethical business conduct facilitate the company's longevity in the market.
format	Thesis
qualification_name	Master of Philosophy (M.Phil.)
qualification_level	Master's degree
author	Razali, Fatin Adilah
spellingShingle	Razali, Fatin Adilah Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali
author_facet	Razali, Fatin Adilah
author_sort	Razali, Fatin Adilah
title	Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali
title_short	Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali
title_full	Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali
title_fullStr	Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali
title_full_unstemmed	Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali
title_sort	environmental, social and governance (esg) disclosure and its effect on firm's performance / fatin adilah razali
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2015
url	https://ir.uitm.edu.my/id/eprint/17678/2/TM_FATIN%20ADILAH%20RAZALI%20AC%2015_5.pdf
_version_	1783733577926574080

Environmental, social and governance (ESG) disclosure and its effect on firm's performance / Fatin Adilah Razali

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