IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2016-02-44.html
   My bibliography  Save this article

Corporate Sustainability Practices and Reporting: A Case of Malaysian Real Estate Investment Trusts and Property Listed Companies

Author

Listed:
  • Muhammad Zahid

    (Department of Management and Humanities, Universiti Teknologi PETRONAS, Malaysia)

  • Zulkipli Ghazali

    (Department of Management and Humanities, Universiti Teknologi PETRONAS, Malaysia)

  • Haseeb Ur Rahman

    (Department of Management and Humanities, Universiti Teknologi PETRONAS, Malaysia)

Abstract

This paper investigated the quality of reporting regarding different dimensions (economic, environmental, social) of corporate sustainability (CS) in Malaysia. The paper examined the quality of CS disclosure on the basis of global reporting initiative in a sample of 113 listed companies from real estate investment trusts and property sectors for 4 years i.e., from 2010 to 2013. The data collected from websites and annual reports of these companies exhibit variations in quality and disclosure of different CS dimensions. The paper found that environmental dimension was less while social dimension was a highly focused aspect of CS. Moreover, most of the companies report sustainability for the sake of mere compliance to the relevant regulations. This paper is unique in terms to focus all the dimensions of CS as most of the previous literature addressed these separately. Moreover, being a first comprehensive study, particularly after 10th Malaysian Plan (2011-2015), the paper has important findings for regulators, academia, researchers and other stakeholders

Suggested Citation

  • Muhammad Zahid & Zulkipli Ghazali & Haseeb Ur Rahman, 2016. "Corporate Sustainability Practices and Reporting: A Case of Malaysian Real Estate Investment Trusts and Property Listed Companies," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 688-693.
    • Handle: RePEc:eco:journ1:2016-02-44
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijefi/article/download/1531/pdf
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijefi/article/view/1531/pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Azlan Amran, 2009. "Risk reporting," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(1), pages 39-57, January.
    2. Robert Day & Thérèse Woodward, 2009. "CSR reporting and the UK financial services sector," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 10(3), pages 159-175, November.
    3. Giacomo Boesso & Kamalesh Kumar, 2007. "Drivers of corporate voluntary disclosure," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 20(2), pages 269-296, April.
    4. Vijaya Murthy, 2008. "Corporate Social Disclosure Practices of Top Software Firms in India," Global Business Review, International Management Institute, vol. 9(2), pages 173-188, August.
    5. Kolk, Ans, 2010. "Trajectories of sustainability reporting by MNCs," Journal of World Business, Elsevier, vol. 45(4), pages 367-374, October.
    6. Rupert J. Baumgartner & Daniela Ebner, 2010. "Corporate sustainability strategies: sustainability profiles and maturity levels," Sustainable Development, John Wiley & Sons, Ltd., vol. 18(2), pages 76-89.
    7. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    8. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
    9. Zhihong Wang & Joseph Sarkis, 2013. "Investigating the relationship of sustainable supply chain management with corporate financial performance," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 62(8), pages 871-888, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dayana Mastura Baharudin & Maran Marimuthu, 2021. "Synergistic Integrated Business Model-Sustainability-Technology of Top Malaysian Oil and Gas PLCs: The Moderating Role of United Nations SDG 5," Business Management and Strategy, Macrothink Institute, vol. 12(2), pages 83-106, December.
    2. Hsueh, Che-Fu, 2014. "Improving corporate social responsibility in a supply chain through a new revenue sharing contract," International Journal of Production Economics, Elsevier, vol. 151(C), pages 214-222.
    3. Viju Raghupathi & Jie Ren & Wullianallur Raghupathi, 2020. "Identifying Corporate Sustainability Issues by Analyzing Shareholder Resolutions: A Machine-Learning Text Analytics Approach," Sustainability, MDPI, vol. 12(11), pages 1-24, June.
    4. Ferran Curtó-Pagès & Enrique Ortega-Rivera & Marc Castellón-Durán & Eva Jané-Llopis, 2021. "Coming in from the Cold: A Longitudinal Analysis of SDG Reporting Practices by Spanish Listed Companies Since the Approval of the 2030 Agenda," Sustainability, MDPI, vol. 13(3), pages 1-27, January.
    5. Cory Searcy & Ruvena Buslovich, 2014. "Corporate Perspectives on the Development and Use of Sustainability Reports," Journal of Business Ethics, Springer, vol. 121(2), pages 149-169, May.
    6. Suparak Suriyankietkaew & Phallapa Petison, 2019. "A Retrospective and Foresight: Bibliometric Review of International Research on Strategic Management for Sustainability, 1991–2019," Sustainability, MDPI, vol. 12(1), pages 1-27, December.
    7. Marian Siminica & Liviu Craciun & Adina Dinu, 2015. "The Impact of Corporate Sustainability Strategies on the Financial Performance of Romanian Companies in the Context of Green Marketing," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(40), pages 994-994, August.
    8. Rupert J. Baumgartner, 2014. "Managing Corporate Sustainability and CSR: A Conceptual Framework Combining Values, Strategies and Instruments Contributing to Sustainable Development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 21(5), pages 258-271, September.
    9. Fabricio Casarejos & Mauricio Nogueira Frota & Gil Penha-Lopes & Vagner Viana Silva & Fernanda Particelli, 2014. "Commitment to Emissions Restrictions of Major Consumers of Electricity in Brazil," Sustainability, MDPI, vol. 6(9), pages 1-23, September.
    10. Rupert J. Baumgartner & Thomas Winter, 2014. "The Sustainability Manager: A Tool for Education and Training on Sustainability Management," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 21(3), pages 167-174, May.
    11. Wing Chow & Yang Chen, 2012. "Corporate Sustainable Development: Testing a New Scale Based on the Mainland Chinese Context," Journal of Business Ethics, Springer, vol. 105(4), pages 519-533, February.
    12. Pishchulov, Grigory & Trautrims, Alexander & Chesney, Thomas & Gold, Stefan & Schwab, Leila, 2019. "The Voting Analytic Hierarchy Process revisited: A revised method with application to sustainable supplier selection," International Journal of Production Economics, Elsevier, vol. 211(C), pages 166-179.
    13. Francesco Di Maddaloni & Roya Derakhshan, 2019. "A Leap from Negative to Positive Bond. A Step towards Project Sustainability," Administrative Sciences, MDPI, vol. 9(2), pages 1-19, June.
    14. Broekhuis, Manda & Vos, Janita F.J., 2003. "Improving organizational sustainability using a quality perspective," Research Report 03A43, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    15. Nurisyal Muhamad & Sofiah Md Auzair & Amizawati Mohd Amir & Md Daud Ismail, 2016. "Measuring Sustainability Performance Measurement System," EuroEconomica, Danubius University of Galati, issue 3(12), pages 182-199, JUNE.
    16. Nadine Székely & Jan vom Brocke, 2017. "What can we learn from corporate sustainability reporting? Deriving propositions for research and practice from over 9,500 corporate sustainability reports published between 1999 and 2015 using topic ," PLOS ONE, Public Library of Science, vol. 12(4), pages 1-27, April.
    17. Jacob D Rendtorff, 2019. "Sustainable Development Goals and progressive business models for economic transformation," Local Economy, London South Bank University, vol. 34(6), pages 510-524, September.
    18. María Luisa Pajuelo Moreno & Teresa Duarte-Atoche, 2019. "Relationship between Sustainable Disclosure and Performance—An Extension of Ullmann’s Model," Sustainability, MDPI, vol. 11(16), pages 1-33, August.
    19. Katarzyna Piwowar‐Sulej, 2021. "Core functions of Sustainable Human Resource Management. A hybrid literature review with the use of H‐Classics methodology," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 671-693, July.

    More about this item

    Keywords

    Corporate Sustainability; Listed Companies; Malaysia;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2016-02-44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.