International Journal of Business and Society - 2025 : Harisa Nabila Rohisham; Ruhaini Muda; Nur Amirah Borhan; Hidayahtul Khusna Abdul Malik

Rohisham, Harisa Nabila and Muda, Ruhaini and Borhan, Nur Amirah (2025) International Journal of Business and Society - 2025 : Harisa Nabila Rohisham; Ruhaini Muda; Nur Amirah Borhan; Hidayahtul Khusna Abdul Malik. International Journal of Business and Society, 26 (2). pp. 530-547. ISSN 1511-6670

Text Towards A Sustainable Growth_ How Environmental, Social, And Governance (ESG) Factors And Firm Characteristics Drive Financial Performance In The FTSE4G Bursa Malaysia Firms.pdf Download (416kB)

Abstract

This study examines the relationship between ESG factors, firm characteristics, and financial performance among 96 firms listed on the FTSE4G Bursa Malaysia index from 2014 to 2022. Using panel regression analysis, financial performance is measured through Net Income Margin (NIM), Return on Assets (ROA), Return on Equity (ROE), and Tobin's Q. The findings show a positive and significant relationship between ESG factors and Tobin's Q, indicating that investors increasingly recognize ESG as a determinant of corporate value. However, ESG factors have no significant impact on NIM, ROA, and ROE. The study highlights the importance of integrating ESG into corporate strategies to support long-term sustainable value creation.

Item Type:	Article
Uncontrolled Keywords:	ESG Factors; Firm Characteristics; Financial Performance; FTSE4G Bursa Malaysia
Subjects:	H Social Sciences > HG Finance
Divisions:	Institute of Graduate Studies (IGS)
Depositing User:	LIBRARY2 UPTM
Date Deposited:	10 Aug 2026 08:38
Last Modified:	10 Aug 2026 08:38
URI:	http://eprints.uptm.edu.my/id/eprint/5967

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