Environment, Social and Governance Reporting and Firm Performance: Evidence from GCC Countries

Sharma, Raj Bahadur; Lodha, Shilpa; Sharma, Asha; Ali, Sajid; Elmezughi, Abdalla Mohamed

doi:10.53894/ijirss.v5i4.1006

Cited by 7 publications

(4 citation statements)

References 23 publications

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“…However, this methodology presents an increase to the size existing residual income, which is defined as operating profit minus capital charge. Mathematically EVA gives the same result in scoring as Discounted Cash Flow (DCF) or Net Present Value (NPV), which has long been widely recognized as the best theoretical analytical tool from a shareholder perspective (Eugster and Wagner, 2020); Rahayu et al, 2022;Sharma et al, 2022. The definition given by Stern Value Management to EVA shows that EVA is the difference between a business organization's net operating profit after tax and the cost of capital opportunities invested in business organizations (Jakub et al, 2015). The following the formula for EVA.…”

Section: Economic Value Added (Eva)mentioning

confidence: 99%

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Sukmadilaga

Winarningsih²,

Yudianto³

et al. 2023

IJEEP

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The purpose of this study is to examine whether green accounting influences firm value on companies in the ASEAN countries that have won the Asia Sustainability Reporting Awards 2021. The study utilized the exploratory quantitative method using secondary data, namely financial reports, sustainability reports, and ESG Scoring on the respective company websites of 15 Companies that have won the Asia Sustainability Reporting Awards 2021. Based on the observation years 2017-2021 of the published annual reports, this study shows that application of green accounting reporting with the dimensions of energy consumption have no significant effect on firm value using the Economic Creation Value Added (EVA) as proxy. This study shows that application of green accounting reporting with the dimensions of water consumption has a significant negative effect on EVA creation from companies in the Asia Sustainability Reporting List Awards. This study also shows that application of green accounting reporting with emission dimensions has a significant effect at a significance level of 10% with a positive direction towards EVA creation from companies in the Asia Sustainability Reporting List Awards. The findings in this study shed some lights on the importance of green accounting towards firm value of public listed companies in the ASEAN countries. The findings in this study are expected to be able to make a positive contribution to stakeholders’ interests and policies relating to other financial information required by stakeholders.

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Section: Economic Value Added (Eva)mentioning

confidence: 99%

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Sukmadilaga

Winarningsih²,

Yudianto³

et al. 2023

IJEEP

View full text Add to dashboard Cite

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“…With most firms in Malaysia dominated by men, and only a few numbers of women on board, the inclination for a homogenous board could be one of the factors. Insignificant results of gender diversity may indicate a representation of women directors on board may be inclined to over-monitoring and micromanaging, which defeats the view that board members are engaged to concentrate on strategic issues (Amin & Nor, 2019;Lim et al, 2019;Joseph & Rosemary, 2022;Sharma et al, 2022). The imprecise requirement of board diversity both in Malaysian Code on Corporate Governance (2007) and Malaysian Code on Corporate Governance (2012) may reflect the findings of this study.…”

Section: Multiple Regression Analysismentioning

confidence: 60%

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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“…There is a large body of literature examining the various factors that affect environmental performance, which encompasses a wide range of aspects, including economic, social, political, technological, and natural factors. A review of this literature highlights several key factors that are commonly seen as having the greatest impact on environmental performance (Kirikkaleli et al, 2021;Noh, 2010;Sadorsky, 2010;Chi et al, 2021;David and Venkatachalam, 2018;Tolliver et al, 2019;Ali et al, 2014;Rahayu et al, 2022;Sharma et al, 2022;Mubeen et al, 2022). In recent years, the issue of environmental sustainability has gained increasing attention from policymakers, financial institutions, and the general public.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluating the Role of Green Financing, International Trade and Alternative Energies on Environmental Performance in Case of Chinese Provinces: Application of Quantile Regression Approach

Hoang

Tuan

2023

IJEEP

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Despite increasing recognition of the urgent need to address the impacts of climate change, the global response has been inadequate, and greenhouse gas emissions continue to rise. The role of green financing in addressing this problem is uncertain, as it remains in its early stages of development and implementation. Furthermore, the relationship between green financing, alternative energies, and environmental performance is complex and not well understood. This study examines the potential of green financing as a tool for mitigating the effects of climate change and promoting sustainable development. Assessing the effectiveness of green financing as a means of improving environmental performance, and the role of alternative energies in this relationship. This study aims to provide recommendations for policymakers, businesses, and other stakeholders on how to effectively leverage green financing to promote sustainable development and address the impacts of climate change. Using Quantile regression approach, this study finds that green finance, international trade, GDP and alternative energies are important determinants of CO2 emissions of China. We find that green finance, and alternative energies have negative location coefficients, which imply that these factors abate CO2 emissions. On the contrary, the location coefficient of international trade and GDP are positive, which suggest that these factors increase CO2 emissions of China. The negative coefficient of green finance for all quantiles implies that green finance is beneficial for environmental performance of China.

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Environment, Social and Governance Reporting and Firm Performance: Evidence from GCC Countries

Cited by 7 publications

References 23 publications

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

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

Evaluating the Role of Green Financing, International Trade and Alternative Energies on Environmental Performance in Case of Chinese Provinces: Application of Quantile Regression Approach

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