Green policy effect on firm sustainability: examining the stock performance of ESG adopters in heavy-polluter industry in Malaysia

• Main Authors: Norhamiza Ishak, Nazliatul Aniza Abdul Aziz, Fithriah Ab Rahim
• Format: Article
• Language: English; English
• Published: Informa UK Limited, trading as Taylor & Francis Group 2024
• Subjects: HD28-70 Management. Industrial management; HF5548.7-5548.85 Industrial psychology
• Online Access: https://eprints.ums.edu.my/id/eprint/42032/1/ABSTRACT.pdf; https://eprints.ums.edu.my/id/eprint/42032/2/FULL%20TEXT.pdf; https://eprints.ums.edu.my/id/eprint/42032/; https://doi.org/10.1080/23322039.2024.2334102

This study aims to investigate the effect of the green policy announcement on heavy-polluter stock returns in Malaysian industries. The study adopted a market-model event study methodology to measure 251 heavy-polluter companies from October 9, 2009 to October 29, 2021. Based on the findings, the fi...