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https://ptsldigital.ukm.my/jspui/handle/123456789/513634Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Romlah Jaffar, Prof. Madya Dr. | - |
| dc.contributor.author | Sarifah Ismail@Manja (ZP00062) | - |
| dc.date.accessioned | 2023-10-16T04:49:31Z | - |
| dc.date.available | 2023-10-16T04:49:31Z | - |
| dc.date.issued | 2015-11-22 | - |
| dc.identifier.other | ukmvital:80056 | - |
| dc.identifier.uri | https://ptsldigital.ukm.my/jspui/handle/123456789/513634 | - |
| dc.description | Past studies have documented inconsistent evidence of the relationship between social performance with financial performance. This inconsistency is due to the lack of theoretical foundations and methodological problems in the previous research. This study aims to examine the relationship between financial performance and social performance looking at the role of institutional investor and board independence in moderating the relationship. The slack resource theory is utilized to test the research framework. The theory argues that companies who are financially strong would have slack resources that would provide the opportunity to invest in social activities for community, employee, and environment. If slack resources are available from previous financial performance, better financial performance would be a predictor for better social performance. To overcome the methodological problem mentioned in previous studies, this study employs an improved method to measure social performance, which is based on Global Reporting Initiatives (GRI) for social and environmental rating. Furthermore, to improve the theoretical framework, this study introduces moderator variables, institutional investor and board independence that will enhance the relationship between financial performance and social performance. This argument is based on their significant influence on company decision making and their monitoring role in company which is expected to influence the increase of slack resources allocation in social activity.Sample of this study comprises of 262 public listed companies in Bursa Malaysia for the year 2010, 2011 and 2012. The results of the regression analysis provide a support for slack resource theory, that is, financially strong companies have a positive and significant relationship with social performance. Furthermore this study supports the role of institutional investor and board independence to moderate the relationship. This study contributes new knowledge by introducing board’s independence and institutional ownership as moderators of the relationship between social performance and financial performance. Slack resources theory suggests that available funds motivate companies to engage in social in activities that lead to better social performance. The study provide further confirmation to the regulatory bodies of the importance of institutional investors and board independence as monitoring role in companies.,Ph.D. | - |
| dc.language.iso | eng | - |
| dc.publisher | UKM, Bangi | - |
| dc.relation | Graduate School of Business / Pusat Pengajian Siswazah Perniagaan | - |
| dc.rights | UKM | - |
| dc.subject | Financial performance | - |
| dc.subject | Social performance | - |
| dc.subject | Board independence | - |
| dc.subject | Institutional investor | - |
| dc.title | The relationship between financial and sosial performance : the role of board independence and institutional ownership : Malaysian evidence | - |
| dc.type | Theses | - |
| dc.format.pages | 163 | - |
| dc.identifier.barcode | 002004(2016) | - |
| Appears in Collections: | Graduate School of Business / Pusat Pengajian Siswazah Perniagaan | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ukmvital_80056+SOURCE1+SOURCE1.0.PDF Restricted Access | 795.18 kB | Adobe PDF |  View/Open |
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