Work

The Impact of Environmental Sustainability on Financial Performance of Organizations; a Study of Malaysia

Year: 2025

Type: article

Abstract: The debate on the economic benefits of adopting environmentally friendly practices continues. This study does not aim to resolve the argument; instead, it alleviates it by enhancing the notion of "when it is advantageous to be environmentally conscious". This research study focusses on the shortcomings of current literature review by focusing the influence of environmental sustainability on financial performance of Malaysian firms for the period of 2014-2023. The data is collected from Thomson Reuter DataStream. In general, environmental sustainability and financial performance holds an optimistic relationship. The empirical result shows that the outcome of environmental sustainability on financial performance is positive. Institutional and legitimacy criteria serve as an effective foundation for establishing environmental sustainability. Policymakers and investors must consider these results when formulating economic policies and investment strategies, while enterprises in emerging nations such as Malaysia should recognize the potential implications of these elements and seek appropriate management strategies.

Source: Kashf Journal of Multidisciplinary Research

DOI: 10.71146/kjmr278

Authors: Anam Ashraf, Dr. Ayaz Qaiser, Hasnain Haider, Dr. Surayya Jamal, Sajid Khan

Institutions: Grand Asian University, Sialkot, University of the West of Scotland, Abdul Wali Khan University Mardan, Benazir Bhutto Shaheed University of Technology and Skill Development, Benazir Bhutto Shaheed University Lyari

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Climate action

Open Access status: hybrid

OpenAlex ID: W4407923708

FWCI: 2.748

Cites:

Cited by: 3

Related to: 10