Unreported Sustainability Activities and Firm Value

Hod Amin, Mohd Halim Kadri and Raja Adzrin Raja Ahmad
Additional contact information
Hod Amin: Universiti Teknologi MARA Cawangan Johor, Kampus Segamat, Malaysia Kolej Yayasan Pelajaran Johor, Malaysia
Mohd Halim Kadri: Universiti Teknologi MARA Cawangan Johor, Kampus Segamat, Malaysia
Raja Adzrin Raja Ahmad: Universiti Teknologi MARA Cawangan Johor, Kampus Segamat, Malaysia

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 9, 1636-1647

Abstract: The current study aims to investigate the impact of unreported sustainability activities on the firm value of selected publicly listed companies in Malaysia. Unreported sustainability refers to environmentally or socially responsible activities undertaken by a firm that are not formally disclosed in their sustainability reports. The results of this study reveal that unreported sustainability activities have a significant negative impact on firm value. Additionally, the study finds a significant positive relationship between firm value and the control variables, including profitability, leverage, and firm size. The finding suggests that unreported sustainability activities, both before and after accounting for profitability, leverage, and size, offer valuable insights for the market and investors in determining a firm’s market price and, consequently, its market value.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... ssue-9/1636-1647.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... ties-and-firm-value/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:9:p:1636-1647

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().