Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy
Sustainable development goals (SDGs) constitute 17 sets of goals to be achieved by the end of the said year. The SDGs prioritize problems associated with hunger, inequality, climate change, environmental destruction, peace, and justice for a better global future (United Nations, 2018). This study ha...
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| Format: | Article |
| Language: | English English |
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Universiti Malaysia Sarawak
2024
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| Online Access: | https://eprints.ums.edu.my/id/eprint/41230/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/41230/2/FULL%20TEXT.pdf |
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| author | Siti Nur Aqilah Ab Wahab Nik Hadiyan Nik Azman Zamri Ahmad |
| author_facet | Siti Nur Aqilah Ab Wahab Nik Hadiyan Nik Azman Zamri Ahmad |
| author_sort | Siti Nur Aqilah Ab Wahab |
| collection | UMS |
| description | Sustainable development goals (SDGs) constitute 17 sets of goals to be achieved by the end of the said year. The SDGs prioritize problems associated with hunger, inequality, climate change, environmental destruction, peace, and justice for a better global future (United Nations, 2018). This study has two objectives, first, to examine the relationship between corporate governance mechanisms and corporate sustainability performance across ASEAN-listed companies. Second, to explore the threshold effect of corporate strategy in a nexus relationship between corporate governance mechanisms and corporate sustainability performance. This study uses 118 companies in ASEAN-5 countries as study’s sample. The period covers from 2011-2020. Both fixed effect model and fixed effect threshold regression are employed to capture linear and nonlinear estimation, respectively. The study validates the female directors and the independent directors on ASEAN boards positively impacts corporate sustainability. Intriguingly, the intervention of corporate strategy will mitigate the low company’s ESG score while strengthening the link between corporate governance and ESG score. This study has practical implications for companies, investors, and regulators looking to in incorporate ESG factors into capital expenditure decisions and reporting.. |
| first_indexed | 2024-12-09T00:51:56Z |
| format | Article |
| id | ums.eprints-41230 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-12-09T00:51:56Z |
| publishDate | 2024 |
| publisher | Universiti Malaysia Sarawak |
| record_format | dspace |
| spelling | ums.eprints-412302024-10-03T07:10:36Z https://eprints.ums.edu.my/id/eprint/41230/ Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy Siti Nur Aqilah Ab Wahab Nik Hadiyan Nik Azman Zamri Ahmad HD28-70 Management. Industrial management K1-7720 Law in general. Comparative and uniform law. Jurisprudence Sustainable development goals (SDGs) constitute 17 sets of goals to be achieved by the end of the said year. The SDGs prioritize problems associated with hunger, inequality, climate change, environmental destruction, peace, and justice for a better global future (United Nations, 2018). This study has two objectives, first, to examine the relationship between corporate governance mechanisms and corporate sustainability performance across ASEAN-listed companies. Second, to explore the threshold effect of corporate strategy in a nexus relationship between corporate governance mechanisms and corporate sustainability performance. This study uses 118 companies in ASEAN-5 countries as study’s sample. The period covers from 2011-2020. Both fixed effect model and fixed effect threshold regression are employed to capture linear and nonlinear estimation, respectively. The study validates the female directors and the independent directors on ASEAN boards positively impacts corporate sustainability. Intriguingly, the intervention of corporate strategy will mitigate the low company’s ESG score while strengthening the link between corporate governance and ESG score. This study has practical implications for companies, investors, and regulators looking to in incorporate ESG factors into capital expenditure decisions and reporting.. Universiti Malaysia Sarawak 2024 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/41230/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/41230/2/FULL%20TEXT.pdf Siti Nur Aqilah Ab Wahab and Nik Hadiyan Nik Azman and Zamri Ahmad (2024) Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy. International Journal of Business and Society, 25 (2). pp. 1-36. ISSN 1511-6670 https://doi.org/10.33736/ijbs.7622.2024 |
| spellingShingle | HD28-70 Management. Industrial management K1-7720 Law in general. Comparative and uniform law. Jurisprudence Siti Nur Aqilah Ab Wahab Nik Hadiyan Nik Azman Zamri Ahmad Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy |
| title | Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy |
| title_full | Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy |
| title_fullStr | Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy |
| title_full_unstemmed | Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy |
| title_short | Environmental, social, and governance (ESG) and corporate governance in ASEAN: a threshold effects of corporate strategy |
| title_sort | environmental social and governance esg and corporate governance in asean a threshold effects of corporate strategy |
| topic | HD28-70 Management. Industrial management K1-7720 Law in general. Comparative and uniform law. Jurisprudence |
| url | https://eprints.ums.edu.my/id/eprint/41230/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/41230/2/FULL%20TEXT.pdf |
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