Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies

Corporate financial responsibility is the sole driving force of business in the business sector, as the primary goals of a firm are to maximize profit and grow shareholder value. However, in the previous decade, larger corporate obligations have been recognized, including environmental, local commun...

Full description

Bibliographic Details
Main Authors: Teh, Boon Heng, Abdul Rahman, Abdul Aziz, Ong, Tze San, Ng, Sin Huei, Magsi, Hussain Bakhsh
Format: Article
Published: ASERS Publishing House 2022
_version_ 1825938622449188864
author Teh, Boon Heng
Abdul Rahman, Abdul Aziz
Ong, Tze San
Ng, Sin Huei
Magsi, Hussain Bakhsh
author_facet Teh, Boon Heng
Abdul Rahman, Abdul Aziz
Ong, Tze San
Ng, Sin Huei
Magsi, Hussain Bakhsh
author_sort Teh, Boon Heng
collection UPM
description Corporate financial responsibility is the sole driving force of business in the business sector, as the primary goals of a firm are to maximize profit and grow shareholder value. However, in the previous decade, larger corporate obligations have been recognized, including environmental, local community, working conditions, and ethical standards. With the rise of "sustainability" reasons, unprecedented climate change is being measured into corporate strategy in the direction of sustainable thinking. The triple bottom line (TBL) is a sustainability assessment that combines environmental and social factors in addition to profitability and the rate of return on investment. The purpose of this research is to look into the interrelationships between the three dimensions of sustainable performance measurement (SPM) in Malaysian manufacturing companies. A questionnaire is issued to 600 manufacturing companies in the Federation of Malaysian Manufacturers (FMM) as part of a quantitative data collection approach. All the proposed hypotheses are supported, thus showing the interrelationship between three dimensions of SPM existed. Consequently, Malaysian companies are lagging behind in terms of SPM’s adoption compared to developed countries. Because of that, more government efforts to facilitate the adoption of SPM practice among companies are needed. The sole focus on the manufacturing industry, accuracy of data collection and time constraint are the limitations of this study. Therefore, it is suggested that further research should explore more the interrelationship between the three dimensions of SPM.
first_indexed 2024-03-06T11:16:17Z
format Article
id upm.eprints-101968
institution Universiti Putra Malaysia
last_indexed 2024-03-06T11:16:17Z
publishDate 2022
publisher ASERS Publishing House
record_format dspace
spelling upm.eprints-1019682023-08-11T08:18:23Z http://psasir.upm.edu.my/id/eprint/101968/ Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies Teh, Boon Heng Abdul Rahman, Abdul Aziz Ong, Tze San Ng, Sin Huei Magsi, Hussain Bakhsh Corporate financial responsibility is the sole driving force of business in the business sector, as the primary goals of a firm are to maximize profit and grow shareholder value. However, in the previous decade, larger corporate obligations have been recognized, including environmental, local community, working conditions, and ethical standards. With the rise of "sustainability" reasons, unprecedented climate change is being measured into corporate strategy in the direction of sustainable thinking. The triple bottom line (TBL) is a sustainability assessment that combines environmental and social factors in addition to profitability and the rate of return on investment. The purpose of this research is to look into the interrelationships between the three dimensions of sustainable performance measurement (SPM) in Malaysian manufacturing companies. A questionnaire is issued to 600 manufacturing companies in the Federation of Malaysian Manufacturers (FMM) as part of a quantitative data collection approach. All the proposed hypotheses are supported, thus showing the interrelationship between three dimensions of SPM existed. Consequently, Malaysian companies are lagging behind in terms of SPM’s adoption compared to developed countries. Because of that, more government efforts to facilitate the adoption of SPM practice among companies are needed. The sole focus on the manufacturing industry, accuracy of data collection and time constraint are the limitations of this study. Therefore, it is suggested that further research should explore more the interrelationship between the three dimensions of SPM. ASERS Publishing House 2022-04-30 Article PeerReviewed Teh, Boon Heng and Abdul Rahman, Abdul Aziz and Ong, Tze San and Ng, Sin Huei and Magsi, Hussain Bakhsh (2022) Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies. Journal of Environmental Management and Tourism, 13 (1). 75 - 98. ISSN 2068-7729 https://journals.aserspublishing.eu/jemt/article/view/6810 10.14505/jemt.v13.1(57).07
spellingShingle Teh, Boon Heng
Abdul Rahman, Abdul Aziz
Ong, Tze San
Ng, Sin Huei
Magsi, Hussain Bakhsh
Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies
title Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies
title_full Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies
title_fullStr Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies
title_full_unstemmed Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies
title_short Interrelationship between three dimensions of sustainable performance measurement among Malaysian manufacturing companies
title_sort interrelationship between three dimensions of sustainable performance measurement among malaysian manufacturing companies
work_keys_str_mv AT tehboonheng interrelationshipbetweenthreedimensionsofsustainableperformancemeasurementamongmalaysianmanufacturingcompanies
AT abdulrahmanabdulaziz interrelationshipbetweenthreedimensionsofsustainableperformancemeasurementamongmalaysianmanufacturingcompanies
AT ongtzesan interrelationshipbetweenthreedimensionsofsustainableperformancemeasurementamongmalaysianmanufacturingcompanies
AT ngsinhuei interrelationshipbetweenthreedimensionsofsustainableperformancemeasurementamongmalaysianmanufacturingcompanies
AT magsihussainbakhsh interrelationshipbetweenthreedimensionsofsustainableperformancemeasurementamongmalaysianmanufacturingcompanies