Sustainability Reporting and Firm Value: Evidence from Singapore-Listed Companies

Lawrence Loh, Thomas Thomas and Yu Wang
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Lawrence Loh: Department of Strategy and Policy, NUS Business School, National University of Singapore, 15 Kent Ridge Drive, Singapore 119245, Singapore
Thomas Thomas: ASEAN CSR Network, #08-03 Keppel Towers, 10 Hoe Chiang Road, Singapore 089315, Singapore
Yu Wang: Centre for Governance, Institutions and Organisations, NUS Business School, National University of Singapore,1 Business Link, Singapore 117592, Singapore

Sustainability, 2017, vol. 9, issue 11, 1-12

Abstract: As sustainability reporting has emerged as one of the most critical issues in the business world, this research aims to investigate the relationship between sustainability reporting and firm value based on listed companies in Singapore. We use an established sustainability reporting assessment framework and test how both the adoption and quality of sustainability reporting are related to a firm’s market value. Empirical results suggest that sustainability reporting is positively related to firm’s market value and this relationship is independent of sector or firm status such as government-linked companies and family businesses.

Keywords: sustainability; sustainability reporting; firm value (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

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