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Analysing the impact of ESG on the performance of Malaysian public-listed companies

Author

Listed:
  • Azira Abdul Adzis
  • Woei Chyuan Wong
  • Sabariah Nordin
  • Abd Halim Ahmad
  • Shamsul Bahrain Mohamed-Arshad

Abstract

This study examines the impact of environmental, social and governance (ESG) practices on the performance of 924 public-listed companies in Malaysia, using a two-stage Heckman sample selection model covering the period from 2005 to 2018. The findings indicate that ESG has a positive and significant impact on the market and financial performance, supporting the stakeholder theory, where firms that engage in social responsibility will have a better performance. The findings provide valuable insights on the importance of ESG practices in Malaysia, a country that is practically weak in dealing with the environmental issues in the Asia-Pacific region.

Suggested Citation

  • Azira Abdul Adzis & Woei Chyuan Wong & Sabariah Nordin & Abd Halim Ahmad & Shamsul Bahrain Mohamed-Arshad, 2022. "Analysing the impact of ESG on the performance of Malaysian public-listed companies," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 14(4), pages 415-434.
    • Handle: RePEc:ids:ijbema:v:14:y:2022:i:4:p:415-434
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