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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)
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    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

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