The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance
In recent decades, non-financial information such as ESG disclosure has become a trend for investors in making investment decision. Hence, many researches regarding ESG disclosures have been conducted in order to justify the effect of the ESG disclosures, especially in western context. The main purp...
| Main Authors: | , , |
|---|---|
| Format: | Final Year Project / Dissertation / Thesis |
| Published: |
2017
|
| Subjects: | |
| Online Access: | http://eprints.utar.edu.my/5124/ http://eprints.utar.edu.my/5124/1/The_Cycle_Relationship_between_Environmental%2C_Social_%26_Governance_(ESG)_disclosure_and_Company_Financial_Performance.pdf |
| _version_ | 1848886333295034368 |
|---|---|
| author | Chin, Chee Kean Lai, Hena Pei Loo Neo, Si Ling |
| author_facet | Chin, Chee Kean Lai, Hena Pei Loo Neo, Si Ling |
| author_sort | Chin, Chee Kean |
| building | UTAR Institutional Repository |
| collection | Online Access |
| description | In recent decades, non-financial information such as ESG disclosure has become a trend for investors in making investment decision. Hence, many researches regarding ESG disclosures have been conducted in order to justify the effect of the ESG disclosures, especially in western context. The main purpose of this study is to examine the existence of cycle relationship between ESG disclosure and corporate financial performance among the countries selected in FTSE4Good ASEAN 5 Index, which are Malaysia, Thailand and Singapore. The secondary data was extracted from Bloomberg database for period 2011 to 2016. Besides, top 100 companies based on market capitalization in each respective country is used as study sample. The ESG disclosure of corporate is represented by ESG disclosure score, while ROE, ROA, EPS, Tobin’s Q, and Price to book ratio are used to measure the corporate financial performance. All of these data are collected from Bloomberg. This study is known as cross sectional study, whereby analyses are conducted in period basis and two years lag effect was assumed in this study, to test how corporate financial performance in period 1 (2011-2012) influences ESG disclosure score in period 2 (2012-2014), and how period 2 ESG disclosure score affects corporate financial performance in period 3 (2015-2016). The empirical results of this study found positive cycle relationship exists in Malaysia, no cycle relationship in Thailand, and a negative cycle relationship in Singapore. |
| first_indexed | 2025-11-15T19:36:49Z |
| format | Final Year Project / Dissertation / Thesis |
| id | utar-5124 |
| institution | Universiti Tunku Abdul Rahman |
| institution_category | Local University |
| last_indexed | 2025-11-15T19:36:49Z |
| publishDate | 2017 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | utar-51242023-02-24T16:57:12Z The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance Chin, Chee Kean Lai, Hena Pei Loo Neo, Si Ling HF Commerce In recent decades, non-financial information such as ESG disclosure has become a trend for investors in making investment decision. Hence, many researches regarding ESG disclosures have been conducted in order to justify the effect of the ESG disclosures, especially in western context. The main purpose of this study is to examine the existence of cycle relationship between ESG disclosure and corporate financial performance among the countries selected in FTSE4Good ASEAN 5 Index, which are Malaysia, Thailand and Singapore. The secondary data was extracted from Bloomberg database for period 2011 to 2016. Besides, top 100 companies based on market capitalization in each respective country is used as study sample. The ESG disclosure of corporate is represented by ESG disclosure score, while ROE, ROA, EPS, Tobin’s Q, and Price to book ratio are used to measure the corporate financial performance. All of these data are collected from Bloomberg. This study is known as cross sectional study, whereby analyses are conducted in period basis and two years lag effect was assumed in this study, to test how corporate financial performance in period 1 (2011-2012) influences ESG disclosure score in period 2 (2012-2014), and how period 2 ESG disclosure score affects corporate financial performance in period 3 (2015-2016). The empirical results of this study found positive cycle relationship exists in Malaysia, no cycle relationship in Thailand, and a negative cycle relationship in Singapore. 2017 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/5124/1/The_Cycle_Relationship_between_Environmental%2C_Social_%26_Governance_(ESG)_disclosure_and_Company_Financial_Performance.pdf Chin, Chee Kean and Lai, Hena Pei Loo and Neo, Si Ling (2017) The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance. Final Year Project, UTAR. http://eprints.utar.edu.my/5124/ |
| spellingShingle | HF Commerce Chin, Chee Kean Lai, Hena Pei Loo Neo, Si Ling The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance |
| title | The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance |
| title_full | The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance |
| title_fullStr | The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance |
| title_full_unstemmed | The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance |
| title_short | The cycle relationship between environmental, social & governance (ESG) disclosure and company financial performance |
| title_sort | cycle relationship between environmental, social & governance (esg) disclosure and company financial performance |
| topic | HF Commerce |
| url | http://eprints.utar.edu.my/5124/ http://eprints.utar.edu.my/5124/1/The_Cycle_Relationship_between_Environmental%2C_Social_%26_Governance_(ESG)_disclosure_and_Company_Financial_Performance.pdf |