Open AccessCorporate Green Initiatives and Financial Performance in Malaysian Plantation Sector
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.c1061.1183s319
Subject(s) - business , return on assets , return on equity , descriptive statistics , sustainability , annual report , product (mathematics) , asset (computer security) , equity (law) , green computing , renewable energy , environmental economics , finance , efficient energy use , accounting , profitability index , economics , engineering , ecology , statistics , geometry , mathematics , computer security , electrical engineering , computer science , political science , law , biology
Adoption of green initiatives by companies is important to create healthier environment. Added with the demand from wider stakeholders, companies realise the importance of disclosing information in their corporate report. The purpose of this study is to examine the effect of green initiatives on companies’ performance of plantation sector in Malaysia. Twenty-one public listed companies were selected. Content analysis was used to collect data from annual reports and sustainability reports related to information on green product, wastewater treatment technologies and energy efficiency. Data for dependent variables which are return on asset and return on equity also were obtained from annual reports. Descriptive analysis, correlation analysis and multiple regressions using SPSS were adopted to analyse the data. The results of this study reveal that energy efficiency have significant relationship with companies’ financial performances whereas green product and wastewater treatment technologies show in contrary.