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Unreported Sustainability Activities and Firm Value

Author

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  • Hod Amin

    (Universiti Teknologi MARA Cawangan Johor, Kampus Segamat, Malaysia Kolej Yayasan Pelajaran Johor, Malaysia)

  • Mohd Halim Kadri

    (Universiti Teknologi MARA Cawangan Johor, Kampus Segamat, Malaysia)

  • Raja Adzrin Raja Ahmad

    (Universiti Teknologi MARA Cawangan Johor, Kampus Segamat, Malaysia)

Abstract

The current study aims to investigate the impact of unreported sustainability activities on the firm value of selected publicly listed companies in Malaysia. Unreported sustainability refers to environmentally or socially responsible activities undertaken by a firm that are not formally disclosed in their sustainability reports. The results of this study reveal that unreported sustainability activities have a significant negative impact on firm value. Additionally, the study finds a significant positive relationship between firm value and the control variables, including profitability, leverage, and firm size. The finding suggests that unreported sustainability activities, both before and after accounting for profitability, leverage, and size, offer valuable insights for the market and investors in determining a firm’s market price and, consequently, its market value.

Suggested Citation

  • Hod Amin & Mohd Halim Kadri & Raja Adzrin Raja Ahmad, 2024. "Unreported Sustainability Activities and Firm Value," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(9), pages 1636-1647, September.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:9:p:1636-1647
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    References listed on IDEAS

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