The study aims to provide some evidence of the effects of CSR practices on financial-based brand equity in Malaysia. Nowadays, many companies have embraced corporate social responsibility (CSR) practices because CSR is a vital component of the current competitive and complex business arena. It contributes greatly to social, environmental, and economic condition. With CSR practices, companies are able to achieve many benefits and there is evidence that CSR practices predict higher brand equity. However, little evidence has been produced concerning the effects of CSR practices on financial aspects of brand equity in developing countries such as Malaysia. Therefore, this paper aims to investigate the effects of CSR practices on financial based brand equity among Malaysia Top 100 brand. A CSR checklist instrument was used in the current study to examine the extent of CSR practiced. The results indicated that PLCs that were actively involved in CSR practices such as environmental, community, workplace and marketplace, found that this involvement enhanced their brand equity. The findings provide useful support and evidence for the management of PLCs in Malaysia, as well as companies in other developing countries, to engage more in CSR practices as a core element of their strategic and brand management.
Suborbital flight has progressively emerged as the potential future transport trend, whether for space tourism or other applications. While several design concepts have been explored thus far for the suborbital flight operation, one of the main lingering concerns is actually the destination of the flight. The altitude of 100 km, which is the commonly chosen destination for suborbital flight, provides an imaginary separation between air and space. The quest for this separation sparks intense debates not only in the scientific communities but also in the political circles and legal fraternities. In conjunction with that, this research aims to analyse the suborbital flight operation by using the analytical tool of Political, Economic, Social, Technological, Legal and Environmental (PESTLE) in order to discuss its implications to a nation. From the analysis, among the advantages of suborbital flight operation include the shifting of role for space development from public agency to private enterprise, creation of new industry to generate revenue, public opportunity for access to space, new, low cost and reusable technology and material and also the enhancement of atmospheric studies. On the other hand, among established disadvantages of suborbital flight operation include the absence of international consensus on the boundary between air and space, intensive capital requirement to develop new technology and infrastructure, damage to third party liability, limited track record for flight safety, lack of regulation for new industry and also the air pollution resulting from the flight activity. All in all, it can be taken that there are many advantages that suborbital flight could bring to a nation but its subsequent disadvantages have to be carefully considered as well to ensure the sustainability of its operation and industry.
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