ESG and firm financial distress in Malaysia: Univariate approach by Mohd Ashari Bakri, Yee-Ee Chia, Jocelyn Mok Pau Chee

“…Our study shows that among three ESG scores (environmental pillar, social pillar, and governance pillar), the E-score has a negative impact on the likelihood of company financial distress or bankruptcy (Altman z-score). By using a univariate approach, results suggest that environmental concerns (through the Environmental Pillar Score) should significantly improve corporate financial stability and sustainability (by reducing corporate financial distress).…”
Get full text
Get full text