环境、社会及管治表现:持续改善事宜

IF 0.5 Q4 ECONOMICS

Malaysian Journal of Economic Studies Pub Date : 2022-06-14 DOI:10.22452/mjes.vol59no1.3

W. Wong, A. H. Ahmad, Shamsul Bahrain Mohamed-Arshad, Sabariah Nordin, A. Abdul Adzis

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引用次数: 1

摘要

本文研究了2005-2018年期间马来西亚上市公司环境、社会和治理(ESG)绩效的决定因素。我们关注的是个别公司在获得ESG评级后为提高ESG分数所做的持续努力。面板固定效应结果显示，公司首次被纳入彭博ESG评分的年数与ESG绩效呈正相关，且显著相关。我们将此解释为企业一旦进入第三方ESG评级机构的监测范围，就会刻意努力提高其ESG分数的证据。这一发现强调了第三方评级机构在促进企业可持续发展方面的重要性。我们贡献了假设ESG第三方评级机构可以导致被评级公司更高水平的ESG实践的文献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Environmental, Social and Governance Performance: Continuous Improvement Matters

This paper examines the determinants of Malaysian listed firms’ environmental, social and governance (ESG) performance during the period 2005–2018. We focus on individual firms’ continuous efforts to improve their ESG scores once they are ESG rated. Panel fixed effect results reveal that the number of years since a firm was first included in Bloomberg’s ESG score is positive and significantly related to its ESG performance. We interpret this as evidence of firms’ deliberate efforts to improve their ESG scores once they fall under the radar of a third-party ESG rating agency. This finding underscores the importance of third-party rating agency in fostering greater corporate sustainability. We contribute to the literature that posits that ESG third-party rating agency can lead to higher level of ESG practices of the rated firms.

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来源期刊

Malaysian Journal of Economic Studies ECONOMICS-

CiteScore

1.30

自引率

25.00%

发文量

期刊介绍： The primary purpose of the journal is to promote publications of original research related to the Malaysian economy. It is also designed to serve as an outlet for studies on the South-east Asian countries and the Asian region. The journal also considers high-quality works related to other regions that provide relevant policy lessons to Malaysia. The journal is receptive to papers in all areas of economics. We encourage specifically contributions on all range of economic topics of an applied or policy nature. At the same time, submissions of methodological or theoretical studies with results that are of practical use are welcome. Works that are interdisciplinary will be considered provided that they contain substantial economic contents.