Eco-efficiency and firm value of Malaysian firms
The objective of the study is to investigate eco-efficiency as a proxy for environmental policy and its effect on the overall value of the firm. The study adopts Ohlson's value relevance model in explaining how value relevant the concept of eco-efficiency is to the firm. The sample comprises 66...
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| Format: | Article |
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Inderscience Enterprises Ltd.
2015
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| _version_ | 1825804032254410752 |
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| author | Che Ahmad, Ayoib Osazuwa, Nosakhare Peter |
| author_facet | Che Ahmad, Ayoib Osazuwa, Nosakhare Peter |
| author_sort | Che Ahmad, Ayoib |
| collection | UUM |
| description | The objective of the study is to investigate eco-efficiency as a proxy for environmental policy and its effect on the overall value of the firm. The study adopts Ohlson's value relevance model in explaining how value relevant the concept of eco-efficiency is to the firm. The sample comprises 667 non-financial firms quoted on the Bursa Malaysia as at 2013. The result of the analysis reveals a positive association existing between eco-efficiency and the value of the firm, indicating that Malaysian firms engaging in eco-efficiency are performing better in terms of firm value than firms not engaging in eco-efficiency. This study is a pioneering study examining eco-efficiency from a developing country perspective, specifically from the Malaysian environment.The findings of the study will prove to shareholders and investors that eco-efficient firms can increase its earnings in the future, and therefore such a policy will not affect the financial aim of the company. |
| first_indexed | 2024-07-04T06:07:46Z |
| format | Article |
| id | uum-18422 |
| institution | Universiti Utara Malaysia |
| last_indexed | 2024-07-04T06:07:46Z |
| publishDate | 2015 |
| publisher | Inderscience Enterprises Ltd. |
| record_format | eprints |
| spelling | uum-184222017-06-14T00:41:01Z https://repo.uum.edu.my/id/eprint/18422/ Eco-efficiency and firm value of Malaysian firms Che Ahmad, Ayoib Osazuwa, Nosakhare Peter HD28 Management. Industrial Management The objective of the study is to investigate eco-efficiency as a proxy for environmental policy and its effect on the overall value of the firm. The study adopts Ohlson's value relevance model in explaining how value relevant the concept of eco-efficiency is to the firm. The sample comprises 667 non-financial firms quoted on the Bursa Malaysia as at 2013. The result of the analysis reveals a positive association existing between eco-efficiency and the value of the firm, indicating that Malaysian firms engaging in eco-efficiency are performing better in terms of firm value than firms not engaging in eco-efficiency. This study is a pioneering study examining eco-efficiency from a developing country perspective, specifically from the Malaysian environment.The findings of the study will prove to shareholders and investors that eco-efficient firms can increase its earnings in the future, and therefore such a policy will not affect the financial aim of the company. Inderscience Enterprises Ltd. 2015 Article PeerReviewed Che Ahmad, Ayoib and Osazuwa, Nosakhare Peter (2015) Eco-efficiency and firm value of Malaysian firms. International Journal of Managerial and Financial Accounting, 7 (3/4). p. 235. ISSN 1753-6715 http://doi.org/10.1504/IJMFA.2015.074902 doi:10.1504/IJMFA.2015.074902 doi:10.1504/IJMFA.2015.074902 |
| spellingShingle | HD28 Management. Industrial Management Che Ahmad, Ayoib Osazuwa, Nosakhare Peter Eco-efficiency and firm value of Malaysian firms |
| title | Eco-efficiency and firm value of Malaysian firms |
| title_full | Eco-efficiency and firm value of Malaysian firms |
| title_fullStr | Eco-efficiency and firm value of Malaysian firms |
| title_full_unstemmed | Eco-efficiency and firm value of Malaysian firms |
| title_short | Eco-efficiency and firm value of Malaysian firms |
| title_sort | eco efficiency and firm value of malaysian firms |
| topic | HD28 Management. Industrial Management |
| work_keys_str_mv | AT cheahmadayoib ecoefficiencyandfirmvalueofmalaysianfirms AT osazuwanosakharepeter ecoefficiencyandfirmvalueofmalaysianfirms |