Exploring how sustainability development goals (SDGs) influence market returns for Malaysian listed firms

• Main Authors: Mohd Waliuddin Mohd Razali, Siti Masyitah Abdul Rahim, Dg Junaidah Awang Jambol, Nurulasyikin Hassan, Rozaiha Ab Majid
• Format: Article
• Language: English; English
• Published: ResearchGate 2024
• Subjects: HD58.7-58.95 Organizational behavior, change and effectiveness. Corporate culture; HG4001-4285 Finance management. Business finance. Corporation finance
• Online Access: https://eprints.ums.edu.my/id/eprint/41524/1/ABSTRACT.pdf; https://eprints.ums.edu.my/id/eprint/41524/2/FULL%20TEXT.pdf; https://eprints.ums.edu.my/id/eprint/41524/; http://dx.doi.org/10.22610/imbr.v16i2(I).3841
• Institution: Universiti Malaysia Sabah

The significance of SDGs lies in their ability to offer a comprehensive structure for tackling worldwide issues and advancing sustainable development in the realms of economy, society, and the environment. This study aims to investigate the relationship between SDGs and market returns. The final data sample of 74 firms was collected from the firm website and Eikon database from 2021-2022. The research reveals that although SDGs and market returns have no statistically significant relationship, a positive impact indicates potential appeal to investors. Moreover, adhering to SDGs demonstrates social responsibility and can yield regulatory advantages, potentially shaping frameworks and offering investors a sense of assurance in the face of environmental apprehensions. Conducting comparative studies in various geographical and market contexts, as well as longitudinal studies that monitor SDG initiatives and market returns, has the potential to deepen our comprehension of how regional disparities and economic cycles impact the connection between SDGs and market performance. Additionally, examining sector-specific intricacies may reveal industry-specific obstacles and prospects in aligning with SDGs to enhance financial performance.