Abstract
This paper analyzes the effect of ESG criteria on the firm profitability among Malaysian listed firms. Firm-specific variables such as firm size, revenue growth, and leverage were also included in the analysis. A total of 42 companies from Bursa Malaysia are selected from Bloomberg’s database that has complete ESG scores data from 2011-2021. Firm profitability was measured using ROA and ROE. Using panel data analysis, this study found that ESG scores have a significant positive influence on firm profitability. Meanwhile, Social Score individually has a significant negative impact on firm profitability. Individual Environment and Governance scores do not have a significant relationship with firm profitability. Leverage and firm size significantly negatively affect firm profitability.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
