Environmental Protection and Value Creation
DOI:
https://doi.org/10.21834/e-bpj.v1i1.219Keywords:
Environment, Shariah Compliance Companies, Sustainability, Corporate Social ResponsibilityAbstract
The managers of corporations can play a significant role to protect the natural environment. This study aims to examine the environmental disclosure of 200 Shariah compliant companies for 2013 and the subsequent effect of such disclosure for the organizations. The results of content analyses of the annual reports revealed that managers from the Plantation industry disclosed more environmental information. The regression analysis revealed a significant relationship between environmental information provided and the subsequent value created for the organizations. The findings of the study can help managers to position better their environmental strategy to enhance the overall value of their organizations.
References
Abdulle, M.Y. & Kassim, S.H. (2012). Impact of global financial rrisis on the performance of Islamic and conventional banks: Empirical evidence from Malaysia. Journal of Islamic Economics, Banking and Finance, Vol. 8 (No. 4), pp. 9-20.
Bakar, D.A. (2015) Good, the Bad and the Ugly: Framing the country development through environmental communication, Procedia - Social and Behavioral Sciences 168 (2015, 8-12. DOI: https://doi.org/10.1016/j.sbspro.2014.10.204
Baydoun, N., & R. Willet. (2000). Islamic corporate reports. Abacus, Vol. 36 No. 1, pp. 71-90. DOI: https://doi.org/10.1111/1467-6281.00054
Bewley K, Li Y. 2000. Disclosure on environmental information by Canadian manufacturing companies: A voluntary disclosure perspective.Advances in International Accounting and Management 1: 201-226. DOI: https://doi.org/10.1016/S1479-3598(00)01011-6
Braga Junior, S.S, Silva, D., Gabriel, MLD.S and Braga, WRO (2015), The effects of environmental concern on purchase of green products in retail, Procedia - Social and Behavioral Sciences 170 (2015) 99-108. DOI: https://doi.org/10.1016/j.sbspro.2015.01.019
Gholami, S. (2011). Value Creation Model through Corporate Social Responsibility (CSR). International Journal of Business and Management, Vol. 6(No. 9), pp. 148-154. DOI: https://doi.org/10.5539/ijbm.v6n9p148
Gunggut, H , Ag Mohd Saufi, D. Zaaba, Z.,Mei Liu, MS (2014) Where have all the Forests Gone? Deforestation in land below the wind, Procedia - Social and Behavioral Sciences 153 ( 2014 ) 363-369. DOI: https://doi.org/10.1016/j.sbspro.2014.10.069
Hassan, A. & Harahap, S.S. 2010. Exploring corporate social responsibility disclosure: the case of Islamic Banks. International Journal of Islamic and Middle Eastern Finance and Management 3(3): 203-227. DOI: https://doi.org/10.1108/17538391011072417
Hussainey, K. and Salama, A. (2, 010). The importance of corporate environmental reputation to investors. Journal of Applied Accounting Research, Vol. 11 ( Iss. 3), pp. 229 - 241. DOI: https://doi.org/10.1108/09675421011088152
Husted, B. W. and Allen, D. B. (2007). Strategic Corporate Social Responsibility and Value Creation among Large Firms: Lessons from the Spanish Experience. Long Range Planning, Vol. 40, 594-610. DOI: https://doi.org/10.1016/j.lrp.2007.07.001
Kalafut, P. C. & Low, J. (2001). The value creation index: quantifying intangible value. Strategy & Leadership, Vol. 29 (Iss 5), pp. 9 - 15. DOI: https://doi.org/10.1108/10878570110696632
Laitinen, E. K. (2004). Nonfinancial Factors as Predictors of Value Creation: Finnish Evidence. Review of Accounting and Finance, Vol. 3 (Iss. 3 ), pp. 84 - 130. DOI: https://doi.org/10.1108/eb043409
Liu, X. and Anbumozhi, V. (2009). Determinant factors of corporate environmental information disclosure: an empirical study of Chinese listed companies. Journal of Cleaner Production, 17, 693-700. DOI: https://doi.org/10.1016/j.jclepro.2008.10.001
Low, J. (2000). The value creation index. Journal of Intellectual Capital, Vol. 1( Iss. 3), pp. 252 - 262. DOI: https://doi.org/10.1108/14691930010377919
Maali, B., Casson, P., & Napier, C. (2006). Social reporting by Islamic banks. Abacus, 42(2), pp. 266-289. DOI: https://doi.org/10.1111/j.1467-6281.2006.00200.x
Mohd Yusof J., Abdul Manan H., Abd Karim N., and Mohd. Kassim N.A., (2015) Customer's Loyalty effects of CSR Initiatives, Procedia - Social and Behavioral Sciences 170 (2015) 109-119. DOI: https://doi.org/10.1016/j.sbspro.2015.01.020
Nik Ahmad, N.N. and Sulaiman, M. (2004). Environment disclosure in Malaysia annual reports: A legitimacy theory perspective. International Journal of Commerce and Management, Vol. 14 Iss 1, pp. 44 - 58. DOI: https://doi.org/10.1108/10569210480000173
O'Dwyer B.( 2001) The state of corporate environmental reporting in Ireland. ACCA research report No. 69, ACCA: London, 48 pp.
Othman, R., Arshad, R., Abdul Aris, N., and Mohd Arif, S.M. (2015) Organizational Resources and Sustained Competitive Advantage of Cooperative Organizations in Malaysia, Procedia - Social and Behavioral Sciences 170 ( 2015 ) 120-127. DOI: https://doi.org/10.1016/j.sbspro.2015.01.021
Othman, S., Darus, F. & Arshad, R. (2011). The influence of coercive isomorphism on corporate social responsibility reporting and reputation. Social Responsibility Journal, Vol. 7(Iss 1), pp. 119 - 135. DOI: https://doi.org/10.1108/17471111111114585
Perry, M., & Teng T.S., (1999) "An overview of trends related to environmental reporting in Singapore", Environmental Management and Health, Vol. 10 Iss: 5, pp.310 - 320. DOI: https://doi.org/10.1108/09566169910289667
Scharf, E. R., Fernandes, J., Kormann, B.D., (2012) "Corporate social responsibility to build strong Brazilian bank brand", International Journal of Bank Marketing, Vol. 30 Iss: 6, pp.436-451. DOI: https://doi.org/10.1108/02652321211262203
Yusoff, H. & Darus, F. (2012). Environmental Reporting Practices in Malaysia: Is it a Mechanism for Corporate Accountability and Stakeholder Engagement? Malaysian Accounting Review, Special Issue, Vol. 11, No.2, pp. 137-159.
Yusoff, H., Darus, F., Fauzi H. and Purwanto, Y. (2013), Exploring the Environmental Reporting Practices of Islamic Banks: A Case of Malaysia and Indonesia, Journal of Energy Technologies and Policy, 3, 11, 440-445, Special Issue for ICEESE 2013.
Yusoff, H., Darus, F., (2014), Mitigation of Climate Change and Prevention of Pollution Activities: Environmental Disclosure Practice in Islamic Financial Institutions, Procedia-Social and Behavioral Sciences, 145 (2014) 195-203. DOI: https://doi.org/10.1016/j.sbspro.2014.06.027
Yusoff, H., Darus, F. and Rahman, S.A.A. (2015) 'Do corporate governance mechanisms influence environmental reporting practices? Evidence from an emerging country', International Journal. Business Governance and Ethics, 10, (1) 76-96. DOI: https://doi.org/10.1504/IJBGE.2015.068686
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2016 Faizah Darus, Wan Mashitah Yusof, Tamoi Janggu
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.