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Sustainability Reporting and Firm Value: Evidence from Singapore-Listed Companies

Author

Listed:
  • Lawrence Loh

    (Department of Strategy and Policy, NUS Business School, National University of Singapore, 15 Kent Ridge Drive, Singapore 119245, Singapore)

  • Thomas Thomas

    (ASEAN CSR Network, #08-03 Keppel Towers, 10 Hoe Chiang Road, Singapore 089315, Singapore)

  • Yu Wang

    (Centre for Governance, Institutions and Organisations, NUS Business School, National University of Singapore,1 Business Link, Singapore 117592, Singapore)

Abstract

As sustainability reporting has emerged as one of the most critical issues in the business world, this research aims to investigate the relationship between sustainability reporting and firm value based on listed companies in Singapore. We use an established sustainability reporting assessment framework and test how both the adoption and quality of sustainability reporting are related to a firm’s market value. Empirical results suggest that sustainability reporting is positively related to firm’s market value and this relationship is independent of sector or firm status such as government-linked companies and family businesses.

Suggested Citation

  • Lawrence Loh & Thomas Thomas & Yu Wang, 2017. "Sustainability Reporting and Firm Value: Evidence from Singapore-Listed Companies," Sustainability, MDPI, vol. 9(11), pages 1-12, November.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:11:p:2112-:d:119271
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