The Economic Consequences of Voluntary Environmental Reporting on Shareholder Wealth
This study was carried out to examine the economic consequences of voluntary environmental reporting on shareholders' wealth among Malaysian Listed Companies that voluntarily disclosed environmental information in their financial report. One hundred and fifty two (152) companies of Bursa Malaysia (MSE) have been identified as a sample in the current study. Seventy six (76) companies were classified as environmental reporting companies while the remaining companies were classified as non-environmental reporting companies. The classification was done in order to determine the differences between share price, profitability and market equity for both types of companies. The study hypothesizes that voluntary environmental reporting leads to an improvement in the shareholders wealth. However, the result shows that there is no significant difference between cumulative abnormal return for environmental and non-environmental reporting companies. Based on the result obtained, it can be also concluded that profitability and size of the companies do not have significant roles in deciding whether or not to produce environmental reporting companies
Year of publication: |
2010
|
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Authors: | Yusoff, Ruslaina |
Other Persons: | Abdul Rahman, Shariful Amran (contributor) ; Wan Mohamed, Wan Nazihah (contributor) |
Publisher: |
[2010]: [S.l.] : SSRN |
Subject: | Aktionäre | Shareholders | Selbstverpflichtung | Voluntary agreement | Unternehmenspublizität | Corporate disclosure | Umweltbericht | Environmental reporting | Shareholder Value | Shareholder value | Börsenkurs | Share price |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | In: Social and Management Research Journal, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 20, 2010 erstellt Volltext nicht verfügbar |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013140076
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