Do fund managers perceive environmental information useful? An empirical study from Malaysia

Pressure for companies to be accountable to stakeholders has encouraged companies to report information on employees, products and the environment. However, it costs companies time, energy and money. Consequently, such information should be of value to corporate preparers and stakeholders. Accord...

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Main Authors:	Mohd Said, Ridzwana, Sulaiman, Maliah, Nik Ahmad, Nik Nazli
Format:	Article
Language:	English
Published:	Elsevier Inc. 2014
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/42156/ http://irep.iium.edu.my/42156/ http://irep.iium.edu.my/42156/ http://irep.iium.edu.my/42156/1/2013_JCP_.pdf

id	iium-42156
recordtype	eprints
spelling	iium-421562018-06-11T05:53:59Z http://irep.iium.edu.my/42156/ Do fund managers perceive environmental information useful? An empirical study from Malaysia Mohd Said, Ridzwana Sulaiman, Maliah Nik Ahmad, Nik Nazli H Social Sciences (General) Pressure for companies to be accountable to stakeholders has encouraged companies to report information on employees, products and the environment. However, it costs companies time, energy and money. Consequently, such information should be of value to corporate preparers and stakeholders. Accordingly, the primary objective of the study is to examine the importance of environmental information in the decisions of fund managers. The normative pressure of institutional theory was used to explain the findings. More specifically, we argue that the emphasis of companies’ bottom line in the education and professional training received by fund managers may influence their perception on the usefulness of environmental information in their decision to invest. The survey method was used to collect the data. The results reveal that fund managers rated many environmental items as important. Additionally, environmental information is viewed as important to be disclosed when it affects the company’s future financial performance and this, in turn, will influence stakeholders’ decisions. More importantly, fund managers believe that environmental information disclosure should be mandatory for all companies in Malaysia. Despite the lack of emphasis on social and environmental issues on the education and professional training of fund managers, the results revealed that they still perceive environmental information to be useful. Accordingly, the normative isomorphism of institutional theory is not supported. Elsevier Inc. 2014-08-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/42156/1/2013_JCP_.pdf Mohd Said, Ridzwana and Sulaiman, Maliah and Nik Ahmad, Nik Nazli (2014) Do fund managers perceive environmental information useful? An empirical study from Malaysia. Journal of Cleaner Production, 52. pp. 281-288. ISSN 0959-6526 http://www.sciencedirect.com/science/article/pii/S0959652613001327 10.1016/j.jclepro.2013.02.038
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Mohd Said, Ridzwana Sulaiman, Maliah Nik Ahmad, Nik Nazli Do fund managers perceive environmental information useful? An empirical study from Malaysia
description	Pressure for companies to be accountable to stakeholders has encouraged companies to report information on employees, products and the environment. However, it costs companies time, energy and money. Consequently, such information should be of value to corporate preparers and stakeholders. Accordingly, the primary objective of the study is to examine the importance of environmental information in the decisions of fund managers. The normative pressure of institutional theory was used to explain the findings. More specifically, we argue that the emphasis of companies’ bottom line in the education and professional training received by fund managers may influence their perception on the usefulness of environmental information in their decision to invest. The survey method was used to collect the data. The results reveal that fund managers rated many environmental items as important. Additionally, environmental information is viewed as important to be disclosed when it affects the company’s future financial performance and this, in turn, will influence stakeholders’ decisions. More importantly, fund managers believe that environmental information disclosure should be mandatory for all companies in Malaysia. Despite the lack of emphasis on social and environmental issues on the education and professional training of fund managers, the results revealed that they still perceive environmental information to be useful. Accordingly, the normative isomorphism of institutional theory is not supported.
format	Article
author	Mohd Said, Ridzwana Sulaiman, Maliah Nik Ahmad, Nik Nazli
author_facet	Mohd Said, Ridzwana Sulaiman, Maliah Nik Ahmad, Nik Nazli
author_sort	Mohd Said, Ridzwana
title	Do fund managers perceive environmental information useful? An empirical study from Malaysia
title_short	Do fund managers perceive environmental information useful? An empirical study from Malaysia
title_full	Do fund managers perceive environmental information useful? An empirical study from Malaysia
title_fullStr	Do fund managers perceive environmental information useful? An empirical study from Malaysia
title_full_unstemmed	Do fund managers perceive environmental information useful? An empirical study from Malaysia
title_sort	do fund managers perceive environmental information useful? an empirical study from malaysia
publisher	Elsevier Inc.
publishDate	2014
url	http://irep.iium.edu.my/42156/ http://irep.iium.edu.my/42156/ http://irep.iium.edu.my/42156/ http://irep.iium.edu.my/42156/1/2013_JCP_.pdf
first_indexed	2023-09-18T21:00:09Z
last_indexed	2023-09-18T21:00:09Z
_version_	1777410569427484672

Do fund managers perceive environmental information useful? An empirical study from Malaysia

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