IDEAS home Printed from https://ideas.repec.org/p/gtr/gatrjs/afr208.html
   My bibliography  Save this paper

Company Values of Malaysian Listed Companies' Sustainability for Palm Oil Industry: Financial Panel Data Model Approach

Author

Listed:
  • Aye Aye Khin

    (Faculty of Accountancy & Management (FAM), Universiti Tunku Abdul Rahman (UTAR), Jalan Sungai Long, Bandar Sungai Long, Cheras, 43000 Kajang, Selangor, MALAYSIA Author-2-Name: Kho Guan Khai Author-2-Workplace-Name: Faculty of Accountancy & Management (FAM), Universiti Tunku Abdul Rahman (UTAR), Jalan Sungai Long, Bandar Sungai Long, Cheras, 43000 Kajang, Selangor, MALAYSIA Author-3-Name: Aik Nai Chiek Author-3-Workplace-Name: Faculty of Accountancy & Management (FAM), Universiti Tunku Abdul Rahman (UTAR), Jalan Sungai Long, Bandar Sungai Long, Cheras, 43000 Kajang, Selangor, MALAYSIA Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

"Objective - ""Sustainability"" meanings are many different things, e.g. food security, food safety, and economic growth short-tern survival of the production which included social, environmental, economic, based on the institutional objectives. This study aimed to conduct the sustainability of the palm oil industry in Malaysia using the financial panel data model approach. Methodology/Technique - The sampling data were obtained from 2014 to 2018 for 30 listed companies with a total of 150 observations. The research findings are helpful for palm oil production companies and also the major export products in Malaysia. Findings - In recent times, there have been many accusations about the palm oil industry in Malaysia due to the environmentally unfriendly product mentioned by the European Parliament and thus, they decided to ban palm oil biofuel by 2020. This would have a negative impact on the palm oil production companies and it is reflected in the company's share price (company value) of the companies. The paper highlights the level of environmental accounting (EA), environmental performance (EP), and information disclosure (ID), how to affect the company value (CV) for the sustainability of palm oil production companies. Novelty - The novelty of this paper is reflected that as one of the national priority areas (NPAs) of the county and create decent work and economic growth (goal 8), increase industry, innovation, and infrastructure (goal 9), and influence responsible consumption and production (goal 12) for sustainable development goals in Malaysia, respectively. Type of Paper - Empirical."

Suggested Citation

  • Aye Aye Khin, 2022. "Company Values of Malaysian Listed Companies' Sustainability for Palm Oil Industry: Financial Panel Data Model Approach," GATR Journals afr208, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:afr208
    DOI: https://doi.org/10.35609/afr.2022.6.4(1)
    as

    Download full text from publisher

    File URL: http://gatrenterprise.com/GATRJournals/AFR/pdf_files/AFR-Vol-6(4)/1.Aye%20Aye%20Khin.pdf
    Download Restriction: http://gatrenterprise.com/GATRJournals/online_submission.html
    File URL: https://libkey.io/https://doi.org/10.35609/afr.2022.6.4(1)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kullanun Sripongpun, 2021. "The Role of Entrepreneurial Self-Efficacy and Entrepreneurial Passion in Firm Performance," GATR Journals gjbssr582, Global Academy of Training and Research (GATR) Enterprise.
    2. Gatot Sasongko & Andrian Dolfriandra Huruta & Kashan Pirzada, 2019. "Why labor force participation rate rises? New empirical evidence from Indonesia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 166-176, September.
    3. Salvatore Monni & Martina Iorio & Alessio Realini, 2018. "Water as freedom in the Brazilian Amazon," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(4), pages 812-826, June.
    4. Maria Vetrova, 2021. "Closed Product Life Cycle as a Basis of the Circular Economy," GATR Journals jber198, Global Academy of Training and Research (GATR) Enterprise.
    5. -, 2016. "Environmental Performance Reviews. Peru 2016: Highlights and recommendations," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40172 edited by Eclac.
    6. Onome Christopher Edo & Anthony Okafor, PhD & Akhigbodemhe Emmanuel Justice, 2020. "Tax Policy and Foreign Direct Investment: A Regime Change Analysis," GATR Journals jfbr176, Global Academy of Training and Research (GATR) Enterprise.
    7. Najiba El Amrani El Idrissi & Ilham Zerrouk & Naoual Zerrari & Salvatore Monni, 2020. "Comparative study between two innovative clusters in Morocco and Italy," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(1), pages 400-417, March.
    8. Natalya Andryeyeva & Oksana Nikishyna & Borys Burkynskyi & Nina Khumarova & Oleksandr Laiko & Hanna Tiutiunnyk, 2021. "Methodology of analysis of the influence of the economic policy of the state on the environment," Post-Print hal-03583921, HAL.
    9. Burnett, Royce D. & Hansen, Don R., 2008. "Ecoefficiency: Defining a role for environmental cost management," Accounting, Organizations and Society, Elsevier, vol. 33(6), pages 551-581, August.
    10. Yulius Kurnia Susanto, 2019. "Firm Value, Firm Size and Income Smoothing," GATR Journals jfbr151, Global Academy of Training and Research (GATR) Enterprise.
    11. Sri Muljaningsih, 2019. "Analysis of Business Development on Organic Products at Muslim SMEs (MSMEs) in Malang, Indonesia," GATR Journals gjbssr523, Global Academy of Training and Research (GATR) Enterprise.
    12. Indah Fajarini Sri Wahyuningrum & Mochamad Arief Budihardjo & Fadel Iqbal Muhammad & Hadrian Geri Djajadikerta & Terri Trireksani, 2020. "Do environmental and financial performances affect environmental disclosures? Evidence from listed companies in Indonesia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1047-1061, December.
    13. Ahmad Yousef Areiqat & Asaad Hameed Al-Ali & Hussein Mohammed Al-Yaseen, 2019. "Entrepreneurship in palm fronds recycling: a Jordanian case," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1694-1703, June.
    14. Raimonda BublienÄ— & Irina Vinogradova & Manuela TvaronaviÄ ienÄ— & Salvatore Monni, 2019. "Legal form determination for the development of clusters' activities," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(3), pages 244-258, September.
    15. Mochammad Ridwan Ristyawan, 2020. "An Integrated Artificial Intelligence and Resource Base View Model for Creating Competitive Advantage," GATR Journals jber187, Global Academy of Training and Research (GATR) Enterprise.
    16. Natalya Andryeyeva & Oksana Nikishyna & Borys Burkynskyi & Nina Khumarova & Oleksandr Laiko & Hanna Tiutiunnyk, 2021. "Methodology of analysis of the influence of the economic policy of the state on the environment," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 3(2), pages 198-212, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hafizah Abd-Mutalib & Che Zuriana Muhammad Jamil & Rapiah Mohamed & Nor Atikah Shafai & Saidatul Nurul Hidayah Jannatun Naim Nor-Ahmad, 2021. "Firm and Board Characteristics, and E-Waste Disclosure: A Study in the Era of Digitalisation," Sustainability, MDPI, vol. 13(18), pages 1-14, September.
    2. Elżbieta Zębek & Leda Žilinskienė, 2021. "The legal regulation of food waste in Poland and Lithuania in compliance with EU directive 2018/851," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(1), pages 221-238, September.
    3. Eva Hanuláková & Ferdinand Daňo & Marek Kukura, 2021. "Transition of business companies to circular economy in Slovakia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(1), pages 204-220, September.
    4. Rafael Ravina-Ripoll & María-José Foncubierta-Rodríguez & Eduardo Ahumada-Tello & Luis Bayardo Tobar-Pesantez, 2021. "Does Entrepreneurship Make You Happier? A Comparative Analysis between Entrepreneurs and Wage Earners," Sustainability, MDPI, vol. 13(18), pages 1-19, September.
    5. Alex Borodin & Galina Panaedova & Svetlana Frumina & Aidyn Kairbekuly & Natalia Shchegolevatykh, 2021. "Modeling the Business Environment of an Energy Holding in the Formation of a Financial Strategy," Energies, MDPI, vol. 14(23), pages 1-18, December.
    6. Wadim Strielkowski & Lubomír Civín & Elena Tarkhanova & Manuela Tvaronavičienė & Yelena Petrenko, 2021. "Renewable Energy in the Sustainable Development of Electrical Power Sector: A Review," Energies, MDPI, vol. 14(24), pages 1-24, December.
    7. Katarzyna Turoń, 2021. "Social barriers and transportation social exclusion issues in creating sustainable car-sharing systems," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(1), pages 10-22, September.
    8. Ramli, Noor Asiah & Munisamy, Susila, 2015. "Eco-efficiency in greenhouse emissions among manufacturing industries: A range adjusted measure," Economic Modelling, Elsevier, vol. 47(C), pages 219-227.
    9. Qinglan Liu & Adriana Hofmann Trevisan & Miying Yang & Janaina Mascarenhas, 2022. "A framework of digital technologies for the circular economy: Digital functions and mechanisms," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2171-2192, July.
    10. Chabowski, Brian & Chiang, Wen-Chyuan & Deng, Kailing & Sun, Li, 2019. "Environmental inefficiency and bond credit rating," Journal of Economics and Business, Elsevier, vol. 101(C), pages 17-37.
    11. Arabi, Behrouz & Munisamy, Susila & Emrouznejad, Ali & Shadman, Foroogh, 2014. "Power industry restructuring and eco-efficiency changes: A new slacks-based model in Malmquist–Luenberger Index measurement," Energy Policy, Elsevier, vol. 68(C), pages 132-145.
    12. Welch, Eric & Barnum, Darold, 2009. "Joint environmental and cost efficiency analysis of electricity generation," Ecological Economics, Elsevier, vol. 68(8-9), pages 2336-2343, June.
    13. Luo Muchen & Rosita Hamdan & Rossazana Ab-Rahim, 2022. "Data-Driven Evaluation and Optimization of Agricultural Environmental Efficiency with Carbon Emission Constraints," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
    14. Solomon Gyamfi & Yee Yee Sein, 2021. "Determinants of Sustainable Open Innovations—A Firm-Level Capacity Analysis," Sustainability, MDPI, vol. 13(16), pages 1-17, August.
    15. Sarah Feron & Raúl R. Cordero & Fernando Labbe, 2017. "Rural Electrification Efforts Based on Off-Grid Photovoltaic Systems in the Andean Region: Comparative Assessment of Their Sustainability," Sustainability, MDPI, vol. 9(10), pages 1-23, October.
    16. Kaveh Asiaei & Ruzita Jusoh & Omid Barani & Arash Asiaei, 2022. "How does green intellectual capital boost performance? The mediating role of environmental performance measurement systems," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1587-1606, May.
    17. Indah Fajarini Sri Wahyuningrum & Amin Chegenizadeh & Ain Hajawiyah & Sriningsih Sriningsih & Sri Utami & Mochamad Arief Budihardjo & Hamid Nikraz, 2023. "Determinants of Corporate Water Disclosure in Indonesia," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    18. Muhamad Taqi & Aam Slamet Rusydiana & Nanik Kustiningsih & Irman Firmansyah, 2021. "Environmental Accounting: A Scientometric using Biblioshiny," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 369-380.
    19. Vitor Vieira Vasconcelos, 2021. "Social justice and sustainable regional development: reflections on discourse and practice in public policies and public budget," Post-Print hal-03583739, HAL.
    20. Tatiana Vitalievna Pogodina & Tatiana Viktorovna Muzhzhavleva & Natalya Leonidovna Udaltsova, 2020. "Strategic management of the competitiveness of industrial companies in an unstable economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1555-1564, March.

    More about this item

    Keywords

    Company value; Sustainability; Palm oil production; Forecasting; Panel data model; Listed companies in Malaysia;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D2 - Microeconomics - - Production and Organizations
    • G - Financial Economics
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gtr:gatrjs:afr208. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Dr. Abd Rahim Mohamad (email available below). General contact details of provider: http://gatrenterprise.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.