Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies

Since sustainability reporting is a mean to communicate with a wide range of internal and external stakeholders and also reflect the companies’ sustainability performance, which inspires sustainable growth and development, consequently increasingly more and more stakeholders including shareholders a...

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Main Authors:	Khaveh, Amir, Nikhashemi, Seyed Rajab, Yousefi, Abdolaziz, Haque, A. K. M. Ahasanul
Format:	Article
Language:	English
Published:	New South Wales Research Centre Australia (NSWRCA) 2012
Subjects:	HB Economic Theory
Online Access:	http://irep.iium.edu.my/25069/ http://irep.iium.edu.my/25069/ http://irep.iium.edu.my/25069/1/environmental_and_social.pdf

id	iium-25069
recordtype	eprints
spelling	iium-250692016-03-21T02:47:44Z http://irep.iium.edu.my/25069/ Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies Khaveh, Amir Nikhashemi, Seyed Rajab Yousefi, Abdolaziz Haque, A. K. M. Ahasanul HB Economic Theory Since sustainability reporting is a mean to communicate with a wide range of internal and external stakeholders and also reflect the companies’ sustainability performance, which inspires sustainable growth and development, consequently increasingly more and more stakeholders including shareholders ask for sustainability disclosures. In some Countries CSR reporting has become mandatory by legislation and companies have to disclose their environmental and social activities. Sustainability reporting has become mandatory for Malaysian public listed companies (PLC) since 2007. There a declarative about CSR activities in all Malaysian companies but number of sustainability indicators and the quality of disclosure are different among different companies. Since the main goal of each business is to maximize its shareholders’ wealth, and CSR practices would occur costs for companies, this paper amis to find any significant relationship between level of CSR disclosure and companies share price and net profit. The result. The paper studied through 45 Malaysian public listed companies in three years (From 2008-2010). The results indicated that companies with higher level of sustainability disclosure have higher share price and have higher net profit New South Wales Research Centre Australia (NSWRCA) 2012-03 Article PeerReviewed application/pdf en http://irep.iium.edu.my/25069/1/environmental_and_social.pdf Khaveh, Amir and Nikhashemi, Seyed Rajab and Yousefi, Abdolaziz and Haque, A. K. M. Ahasanul (2012) Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies. Australian Journal of Business and Management Research, 1 (12). pp. 33-41. ISSN 1839-0846 http://www.ajbmr.com/issue.php?id=12
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Khaveh, Amir Nikhashemi, Seyed Rajab Yousefi, Abdolaziz Haque, A. K. M. Ahasanul Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies
description	Since sustainability reporting is a mean to communicate with a wide range of internal and external stakeholders and also reflect the companies’ sustainability performance, which inspires sustainable growth and development, consequently increasingly more and more stakeholders including shareholders ask for sustainability disclosures. In some Countries CSR reporting has become mandatory by legislation and companies have to disclose their environmental and social activities. Sustainability reporting has become mandatory for Malaysian public listed companies (PLC) since 2007. There a declarative about CSR activities in all Malaysian companies but number of sustainability indicators and the quality of disclosure are different among different companies. Since the main goal of each business is to maximize its shareholders’ wealth, and CSR practices would occur costs for companies, this paper amis to find any significant relationship between level of CSR disclosure and companies share price and net profit. The result. The paper studied through 45 Malaysian public listed companies in three years (From 2008-2010). The results indicated that companies with higher level of sustainability disclosure have higher share price and have higher net profit
format	Article
author	Khaveh, Amir Nikhashemi, Seyed Rajab Yousefi, Abdolaziz Haque, A. K. M. Ahasanul
author_facet	Khaveh, Amir Nikhashemi, Seyed Rajab Yousefi, Abdolaziz Haque, A. K. M. Ahasanul
author_sort	Khaveh, Amir
title	Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies
title_short	Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies
title_full	Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies
title_fullStr	Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies
title_full_unstemmed	Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies
title_sort	environmental and social performance disclosure and shareholders’ wealth- a perspective from malaysian companies
publisher	New South Wales Research Centre Australia (NSWRCA)
publishDate	2012
url	http://irep.iium.edu.my/25069/ http://irep.iium.edu.my/25069/ http://irep.iium.edu.my/25069/1/environmental_and_social.pdf
first_indexed	2023-09-18T20:37:27Z
last_indexed	2023-09-18T20:37:27Z
_version_	1777409140615806976

Environmental and social performance disclosure and shareholders’ wealth- a perspective from Malaysian companies

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