ESG, Firm Value, and Life Cycle: Evidences from South East Asia
This study investigates the impact of ESG performance on future firm value, considering the company's phase in the life cycle. The sample consists of non-financial companies listed in five Southeast Asian (SEA) countries. Data were collected from the Refinitiv Eikon Database, with samples deter...
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| Format: | Article |
| Language: | English |
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Universitas Syiah Kuala
2024-12-01
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| Series: | Jurnal Dinamika Akuntansi dan Bisnis |
| Subjects: | |
| Online Access: | https://jurnal.usk.ac.id/JDAB/article/view/40449 |
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| _version_ | 1841560647586807808 |
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| author | Areta Xaviera Rahmat Febrianto Erna Widiastuty Iswardi Iswardi |
| author_facet | Areta Xaviera Rahmat Febrianto Erna Widiastuty Iswardi Iswardi |
| author_sort | Areta Xaviera |
| collection | DOAJ |
| description | This study investigates the impact of ESG performance on future firm value, considering the company's phase in the life cycle. The sample consists of non-financial companies listed in five Southeast Asian (SEA) countries. Data were collected from the Refinitiv Eikon Database, with samples determined using a purposive sampling technique. The study covers the period from 2013 to 2022, resulting in 1,080 firm-year observations. Using multiple regression analysis, the study finds that ESG performance is related to the next year's firm value in SEA companies. ESG performance impacts firm value only when the company is in the mature stage, while mixed relationships were observed when individual ESG dimensions were tested. These findings support the notion that the effects of ESG-related performance may not be immediately reflected in the current year’s firm value but rather in the future. |
| format | Article |
| id | doaj-art-a4506478e6c04c14982540b05464f752 |
| institution | Kabale University |
| issn | 2355-9462 2528-1143 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Universitas Syiah Kuala |
| record_format | Article |
| series | Jurnal Dinamika Akuntansi dan Bisnis |
| spelling | doaj-art-a4506478e6c04c14982540b05464f7522025-01-03T22:12:48ZengUniversitas Syiah KualaJurnal Dinamika Akuntansi dan Bisnis2355-94622528-11432024-12-0111233134410.24815/jdab.v11i2.4044919251ESG, Firm Value, and Life Cycle: Evidences from South East AsiaAreta Xaviera0Rahmat Febrianto1Erna Widiastuty2Iswardi Iswardi3Andalas UniversityUniversitas AndalasAndalas UniversityAndalas UniversityThis study investigates the impact of ESG performance on future firm value, considering the company's phase in the life cycle. The sample consists of non-financial companies listed in five Southeast Asian (SEA) countries. Data were collected from the Refinitiv Eikon Database, with samples determined using a purposive sampling technique. The study covers the period from 2013 to 2022, resulting in 1,080 firm-year observations. Using multiple regression analysis, the study finds that ESG performance is related to the next year's firm value in SEA companies. ESG performance impacts firm value only when the company is in the mature stage, while mixed relationships were observed when individual ESG dimensions were tested. These findings support the notion that the effects of ESG-related performance may not be immediately reflected in the current year’s firm value but rather in the future.https://jurnal.usk.ac.id/JDAB/article/view/40449corporate governanceenvironmentalesgfirm life cyclefirm value |
| spellingShingle | Areta Xaviera Rahmat Febrianto Erna Widiastuty Iswardi Iswardi ESG, Firm Value, and Life Cycle: Evidences from South East Asia Jurnal Dinamika Akuntansi dan Bisnis corporate governance environmental esg firm life cycle firm value |
| title | ESG, Firm Value, and Life Cycle: Evidences from South East Asia |
| title_full | ESG, Firm Value, and Life Cycle: Evidences from South East Asia |
| title_fullStr | ESG, Firm Value, and Life Cycle: Evidences from South East Asia |
| title_full_unstemmed | ESG, Firm Value, and Life Cycle: Evidences from South East Asia |
| title_short | ESG, Firm Value, and Life Cycle: Evidences from South East Asia |
| title_sort | esg firm value and life cycle evidences from south east asia |
| topic | corporate governance environmental esg firm life cycle firm value |
| url | https://jurnal.usk.ac.id/JDAB/article/view/40449 |
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