Green Initiatives Adoption and Environmental Performance of Public Listed Companies in Malaysia

Nor Azah Abdul Aziz, Tze San Ong, Soon Yau Foong, Rosmila Senik and Hassan Attan
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Nor Azah Abdul Aziz: Faculty of Technology Management and Technopreneurship, Universiti Teknikal Malaysia Melaka, Hang Tuah Jaya, Durian Tunggal 76100, Malaysia
Tze San Ong: Faculty of Economics and Management, Universiti Putra Malaysia, Serdang 43400, Malaysia
Soon Yau Foong: Putra Business School, Universiti Putra Malaysia, Serdang 43400, Malaysia
Rosmila Senik: Faculty of Economics and Management, Universiti Putra Malaysia, Serdang 43400, Malaysia
Hassan Attan: Faculty of Engineering Technology, Universiti Teknikal Malaysia Melaka, Hang Tuah Jaya, Durian Tunggal 76100, Malaysia

Sustainability, 2018, vol. 10, issue 6, 1-14

Abstract: Environmental issues bring about thoughtful questions on the roles of business organisations in society. Irrespective of whether they are contributing to a better environment or worsening it, organisations have to acknowledge environmental or green issues through impact research and measurement. This article aims to examine the extent of green initiatives adoption and its impact on environmental performance of public listed companies (PLCs) in Malaysia. A questionnaire survey was conducted on PLCs and data from 120 samples were analysed using a statistical tool partial least square-structural equation modelling (PLS-SEM). Interviews were also conducted with a few selected companies to obtain in-depth information on green practices and to support the survey findings. The findings reveal that the extent of green initiatives adoption and environmental performance is at moderate level. Green initiatives adoption positively affects the environmental performance of Malaysian PLCs. The present study contributes to the literature of environmental management in the context of green and sustainable development. It also provides some important contributions for management practices by providing empirical evidence to managers that green initiatives should be extensively adopted to enhance environmental performances.

Keywords: green initiatives adoption; environmental performance; public listed companies; Malaysia (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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