Does ESG certification add firm value?
This paper examines the impact of environmental, social and governance (ESG) certification on Malaysian firms. The analysis shows that ESG certification lowers a firm's cost of capital, while Tobin's Q increases significantly. These findings, while consistent with existing studies in devel...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier Inc.
2020
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/27111/1/10.1016%40j.frl.2020.101593.pdf |