How does environmental, social, governance disclosure and political connection performance affect firm value? An empirical study in Singapore

• Published in: Cogent business & management Vol. 11; no. 1
• Main Authors: Hardiningsih, Pancawati, Srimindarti, Ceacilia, Anggana Lisiantara, Gregorius, Kartika, Andi
• Format: Journal Article
• Language: English
• Published: Taylor & Francis Group 31.12.2024
• Subjects: Environmental performance; firm value; governance performance; political connection; social performance; sustainability report disclosure
• ISSN: 2331-1975; 2331-1975
• DOI: 10.1080/23311975.2024.2377764

This research aims to examine environmental performance disclosure, social performance disclosure, governance performance disclosure, and political linkages in increasing firm value in Singapore. The research method uses a quantitative descriptive approach using secondary data. The population is all companies listed on the Singapore Stock Exchange with a sample size of 87 companies and the research period is between 2018 and 2021. The hypothesis testing analysis technique uses panel data regression. The findings of this study indicate that disclosure of political ties, disclosure of governance performance, and disclosure of environmental performance all increase firm value. However, firm value is not influenced by social performance disclosure. This research looks at how political connections and firm value are influenced by disclosure of environmental performance, social performance, governance performance and other factors. To increase business value, it is important to disclose environmental performance, social performance, governance performance and political relationships, as this research shows. The implications of this research show that sustainability report disclosure provides a good signal that can increase firm value.