The economic consequences of voluntary environmental reporting on shareholder wealth / Ruslaina Yusoff, Shariful Amran Abd Rahman and Wan Nazihah Wan Mohamed

Yusoff, Ruslaina and Abd Rahman, Shariful Amran and Wan Mohamed, Wan Nazihah (2006) The economic consequences of voluntary environmental reporting on shareholder wealth / Ruslaina Yusoff, Shariful Amran Abd Rahman and Wan Nazihah Wan Mohamed. Social and Management Research Journal, 3 (2). pp. 1-23. ISSN 1675-7017

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Abstract

This study was carried out to examine the economic consequences ofvoluntary environmental reporting on shareholders' wealth among Malaysian Listed Companies that voluntarily disclosed environmental information in their financial report. One hundred andfifty two (152) companies of Bursa Malaysia (MSE) had been identified as a sample in the current study. Seventy six (76) companies were classified as environmental reporting companies while the remaining companies were classified as non-environmental reporting companies. The classification was done in order to determine the differences between share price, profitability and market equity for both types of companies. The study hypothesizes that voluntary environmental reporting leads to an improvement in the shareholders wealth. However, the results show that there is no significant difference between cumulative abnormal return for environmental and non-environmental reporting companies. Based on the results obtained, it can also be concluded that profitability and size of the companies do not have any significant roles in deciding whether or not to produce environmental reporting companies.

Item Type: Article
Creators:
CreatorsEmail
Yusoff, Ruslainaruslaina@kelantan.uitm.edu.my
Abd Rahman, Shariful AmranUNSPECIFIED
Wan Mohamed, Wan NazihahUNSPECIFIED
Subjects: H Social Sciences > HF Commerce > Accounting. Bookkeeping > Balance sheet. Financial statements. Corporation reports. Including pro forma statements
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities > Malaysia
Divisions: Institute of Research, Development and Commercialization (IRDC)
Journal or Publication Title: Social and Management Research Journal
ISSN: 1675-7017
Volume: 3
Number: 2
Page Range: pp. 1-23
Item ID: 13008
Uncontrolled Keywords: environmental reporting, shareholders'wealth, profitability, size and market equity
Last Modified: 09 Jun 2016 17:01
Depositing User: Staf Pendigitalan 1
URI: http://ir.uitm.edu.my/id/eprint/13008

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