Open Access
Issue
E3S Web Conf.
Volume 574, 2024
1st International Scientific Conference “Green Taxonomy for Sustainable Development: From Green Technologies to Green Economy” (CONGREENTAX-2024)
Article Number 03001
Number of page(s) 15
Section Environmental, Social, and Governance (ESG)
DOI https://doi.org/10.1051/e3sconf/202457403001
Published online 02 October 2024
  1. R. Abdul Rahman, M.F. Alsayegh, Determinants of Corporate Environment, Social and Governance (ESG) Reporting among Asian Firms. J. Risk Financ. Manag. 14, 4 (2021) https://doi.org/10.3390/jrfm14040167 [CrossRef] [Google Scholar]
  2. A. Abu Jaish, R. Murdipi, D. Abdul Razak, N. Mohd. Alwi, The Effect of Digitalization on the Sustainability of Malaysian SMEs. Int. J. Acad. Res. Bus. Soc. Sci. 13, 1 (2023) https://doi.org/10.6007/ijarbss/v13-i1/15994 [Google Scholar]
  3. H. Ahmad, M. Yaqub, S.H. Lee, Environmental, social, and governance related factors for business investment and sustainability: a scientometric review of global trends. Environ. Dev. Sustain. (2023) https://doi.org/10.1007/s10668-023-02921-x [Google Scholar]
  4. B.A. Alareeni, A. Hamdan, ESG impact on performance of US S&P 500-listed firms. Corp. Gov. (Bingley) 20, 7 (2020) 1409-1428 https://doi.org/10.1108/CG-06-2020-0258 [CrossRef] [Google Scholar]
  5. M. Bai, S. Harith, Measuring SMEs Risk – Evidence from Malaysia. SN Bus. Econ. 3, 7 (2023) https://doi.org/10.1007/s43546-023-00496-3 [Google Scholar]
  6. F. Bajza, Implementation of Sustainability into Business Strategy. Transp. Commun. 10, 1 (2022) 1-5 https://doi.org/10.26552/tac.c.2022.1.1 [CrossRef] [Google Scholar]
  7. A.W. Bartik, M. Bertrand, Z. Cullen, E.L. Glaeser, M. Luca, C. Stanton, The impact of COVID-19 on small business outcomes and expectations. PNAS 117 (2020) 17656-17666 https://doi.org/10.1073%2Fpnas.2006991117 [CrossRef] [PubMed] [Google Scholar]
  8. M. Bayraktar, N. Algan, The Importance of SMEs on World Economies. Int. Conf. Eurasian Econ. 2019 (2019) 56-61 https://doi.org/10.36880/c11.02265 [Google Scholar]
  9. A. Buallay, Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector. Manag. Environ. Qual. 30, 1 (2019) 98-115 https://doi.org/10.1108/MEQ-12-2017-0149 [CrossRef] [Google Scholar]
  10. M. Cagri Gurbuz, O. Yurt, S. Ozdemir, V. Sena, W.Yu, Global supply chains risks and COVID-19: Supply chain structure as a mitigating strategy for small and medium-sized enterprises. J. Bus. Res. 155 (2023) https://doi.org/10.1016/j.jbusres.2022.113407 [CrossRef] [Google Scholar]
  11. M. Cerciello, F. Busato, S. Taddeo, The effect of sustainable business practices on profitability. Accounting for strategic disclosure. Corp. Soc. Responsib. Environ. Manag. 30, 2 (2023) 802-819 https://doi.org/10.1002/csr.2389 [CrossRef] [Google Scholar]
  12. A.R. Che Omar, S. Ishak, M.A. Jusoh, The impact of Covid-19 Movement Control Order on SMEs’ businesses and survival strategies. Malays. J. Soc. Space 16, 2 (2020) https://doi.org/10.17576/geo-2020-1602-11 [CrossRef] [Google Scholar]
  13. Dayang. Initiatives from Government & Private Sectors’ for SMEs In Malaysia. Favebiz. (2020, April 3). https://www.favebiz.com/blog/initiatives-from-government-private-sectors-for-smes-in-malaysia-to-battle-covid-19 [Google Scholar]
  14. Department of Statistics Malaysia. Findings of Special Survey (Online) Effects of COVID-19 on Economy and Companies. Business Firms (2020, May 8) [Google Scholar]
  15. Department of Statistics Malaysia. Small and Medium Enterprises (SMEs) Performance 2020. Department of Statistics Malaysia Official Portal (2021) [Google Scholar]
  16. P. Dmuchowski, W. Dmuchowski, A.H. Baczewska-Dąbrowska, B. Gworek, Environmental, social, and governance (ESG) model; impacts and sustainable investment – Global trends and Poland’s perspective. J. Environ. Manag. 329 (2023) https://doi.org/10.1016/j.jenvman.2022.117023 [CrossRef] [Google Scholar]
  17. S.D. Dmytriyev, R.E. Freeman, J. Hörisch, The Relationship between Stakeholder Theory and Corporate Social Responsibility: Differences, Similarities, and Implications for Social Issues in Management. J. Manag. Stud. 58, 6 (2021) 1441-1470 https://doi.org/10.1111/joms.12684 [CrossRef] [Google Scholar]
  18. L. Du, A. Razzaq, M. Waqas, The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications. Environ. Sci. Pollut. Res. 30, 1 (2023) 1540-1561 https://doi.org/10.1007/s11356-022-22221-7 [CrossRef] [PubMed] [Google Scholar]
  19. E. Duque-Grisales, J. Aguilera-Caracuel, Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack. J. Bus. Ethics 168, 2 (2021) 315-334 https://doi.org/10.1007/s10551-019-04177-w [CrossRef] [Google Scholar]
  20. A.E. Engidaw, Small businesses and their challenges during COVID-19 pandemic in developing countries: in the case of Ethiopia. J. Innov. Entrep. 11, 1 (2022) https://doi.org/10.1186/s13731-021-00191-3 [CrossRef] [Google Scholar]
  21. F. Fitriasari, How do Small and Medium Enterprise (SME) survive the COVID-19 outbreak? J. Inov. Ekon. 05, 02 (2020) https://doi.org/10.22219/jiko.v5i3.11838 [Google Scholar]
  22. T. Fu, J. Li, An empirical analysis of the impact of ESG on financial performance: the moderating role of digital transformation. Front. Environ. Sci. 11 (2023) https://doi.org/10.3389/fenvs.2023.1256052 [Google Scholar]
  23. P. Ganlin, M.D. Qamruzzaman, A.M. Mehta, F.N. Naqvi, S. Karim, Innovative Finance, Technological Adaptation and SMEs Sustainability: The Mediating Role of Government Support during COVID-19 Pandemic. Sustain. (Switz.) 13, 16 (2021) https://doi.org/10.3390/su13169218 [Google Scholar]
  24. L.C. Giunipero, D. Denslow, A.I. Rynarzewska, Small business survival and COVID-19 - An exploratory analysis of carriers. Res. Transp. Econ. 93 (2022) https://doi.org/10.1016/j.retrec.2021.101087 [CrossRef] [Google Scholar]
  25. J.E. Grigoropoulos, The Role of Ethics in the 21st Century Organization. Int. J. Prog. Educ. 15, 2 (2019) 167-175 https://doi.org/10.29329/ijpe.2019.189.12 [Google Scholar]
  26. A.M. Habib, N. Mourad, The Influence of Environmental, Social, and Governance (ESG) Practices on US Firms’ Performance: Evidence from the Coronavirus Crisis. J Knowl Econ (2023) https://doi.org/10.1007/s13132-023-01278-w [Google Scholar]
  27. S. Hadi, S. Supardi, Revitalization Strategy for Small and Medium Enterprises after Corona Virus Disease Pandemic (Covid-19) in Yogyakarta. J. Xi'an Univ. Archit. Technol. XII, IV (2020) https://doi.org/10.37896/JXAT12.04/1149 [Google Scholar]
  28. W. Henisz, T. Koller, R. Nuttall, Five ways that ESG creates value (2019) [Google Scholar]
  29. J. Hörisch, S. Schaltegger, R.E. Freeman, Integrating stakeholder theory and sustainability accounting: A conceptual synthesis. J. Clean. Prod. 275 (2020) https://doi.org/10.1016/j.jclepro.2020.124097 [Google Scholar]
  30. E. Horváthová, The impact of environmental performance on firm performance: Short-term costs and long-term benefits? Ecological Economics 84 (2012) 91-97 https://doi.org/10.1016/j.ecolecon.2012.10.001 [CrossRef] [Google Scholar]
  31. ICMR, Environmental, Social and Governance (ESG) Integration in Malaysia: Navigating Challenges and Embracing Opportunities for a Sustainable Future (2023) [Google Scholar]
  32. S. Iqbal, A. Nawaz, S. Ehsan, Financial performance and corporate governance in microfinance: Evidence from Asia. J. Asian Econ. 60 (2019) 1-13 https://doi.org/10.1016/j.asieco.2018.10.002 [CrossRef] [Google Scholar]
  33. L. Johnstone, P. Hallberg, ISO 14001 adoption and environmental performance in small to medium sized enterprises. J. Environ. Manag. 266 (2020) https://doi.org/10.1016/j.jenvman.2020.110592 [CrossRef] [Google Scholar]
  34. B. Jonsdottir, T.O. Sigurjonsson, L. Johannsdottir, S. Wendt, Barriers to Using ESG Data for Investment Decisions. Sustainability (Switzerland) 14,9 (2022) https://doi.org/10.3390/su14095157 [Google Scholar]
  35. D. Kindström, P. Carlborg, T. Nord, Challenges for growing SMEs: A managerial perspective. J. Small Bus. Manag. (2022) https://doi.org/10.1080/00472778.2022.2082456 [Google Scholar]
  36. J. Kirchherr, N.H.N. Yang, F. Schulze-Spüntrup, M.J. Heerink, K. Hartley, Conceptualizing the Circular Economy (Revisited): An Analysis of 221 Definitions. Resources, Conservation and Recycling 194 (2023) https://doi.org/10.1016/j.resconrec.2023.107001 [CrossRef] [Google Scholar]
  37. C.Y. Lin, S.S. Alam, Y.H.Ho, M.E. Al-Shaikh, P. Sultan, Adoption of green supply chain management among SMEs in Malaysia. Sustainability (Switzerland) 12, 16 (2020) https://doi.org/10.3390/su12166454 [Google Scholar]
  38. J.J.H. Liou, P.Y.L. Liu, S.-W. Huang, Exploring the key barriers to ESG adoption in enterprises. Syst. Soft Comput. 5, 200066 (2023) https://doi.org/10.1016/j.sasc.2023.200066 [CrossRef] [Google Scholar]
  39. F. McCann, N. McGeever, F. Yao, SME viability in the COVID-19 recovery. Small Bus. Econ. 61, 3 (2023) 1053-1074 https://doi.org/10.1007/s11187-022-00723-5 [CrossRef] [Google Scholar]
  40. S. Misbah Uddin, C.M.L Rahman, N. Ismail Chowdhury, M. Parvez Shaikh, F. Al-Amin, Relationship between Environmental Manufacturing Practices and Their Competitive Outcomes. In Journal of Mechanical Engineering 48, 2018 https://doi.org/10.3329/jme.v48i1.41082 [Google Scholar]
  41. A. Mohamad, A.N. Mustapa, H.A. Razak, An Overview of Malaysian Small and Medium Enterprises: Contributions, Issues, and Challenges. Modeling Economic Growth in Contemporary Malaysia (2021) 31-42 https://doi.org/10.1108/978-1-80043-806-420211004 [Google Scholar]
  42. S. Mohamed Adnan, W.M. Alahdal, B. Alrazi, N. Mat Husin, The impact of environmental crimes and profitability on environmental disclosure in Malaysian SME sector: The role of leverage. Cogent Bus. Manag. 10, 3 (2023) https://doi.org/10.1080/23311975.2023.2274616 [CrossRef] [Google Scholar]
  43. W.M.W. Mohammad, S. Wasiuzzaman, Environmental, Social and Governance (ESG) disclosure, competitive advantage and performance of firms in Malaysia. Cleaner Environ. Syst. 2 (2021) https://doi.org/10.1016/j.cesys.2021.100015 [Google Scholar]
  44. J. Nollet, G. Filis, E. Mitrokostas, Corporate social responsibility and financial performance: A non-linear and disaggregated approach. Econ. Model. 52 (2016) 400-407 https://doi.org/10.1016/j.econmod.2015.09.019 [CrossRef] [Google Scholar]
  45. S.R. Park, J.Y. Jang, The impact of ESG management on investment decision: Institutional investors’ perceptions of country-specific ESG criteria. Int. J. Financ. Stud. 9, 3 (2021) https://doi.org/10.3390/ijfs9030048 [Google Scholar]
  46. L.J. Peligrino, Guide to ESG Reporting Frameworks & Standards | Convene ESG. Azeus Convene (2023) https://www.azeusconvene.com/esg/articles/the-esg-reporting-frameworks-and-standards-explained [Google Scholar]
  47. R.P.I.R. Prasanna, J.M.S.B. Jayasundara, S.K.N. Gamage, E.M.S. Ekanayake, P.S.K. Rajapakshe, G.A.K.N.J. Abeyrathne, Sustainability of SMEs in the competition: A systemic review on technological challenges and SME performance. J. Open Innov.: Technol., Mark., Complex. 5, 4 (2019) https://doi.org/10.3390/joitmc5040100 [Google Scholar]
  48. J.C. Prata, A.L. Patrício Silva, J.P. da Costa, C. Mouneyrac, T.R. Walker, A.C. Duarte, T. Rocha-Santos, Solutions and integrated strategies for the control and mitigation of plastic and microplastic pollution. Int. J. Environ. Res. Public Health 16, 13 (2019) https://doi.org/10.3390/ijerph16132411 [CrossRef] [Google Scholar]
  49. A.F. Rahi, R. Akter, J. Johansson, Do sustainability practices influence financial performance? Evidence from the Nordic financial industry. Account. Res. J. 35, 2 (2022) 292-314 https://doi.org/10.1108/ARJ-12-2020-0373 [CrossRef] [Google Scholar]
  50. A.A.B. Rodrigues, S. Kurnaz, Challenges for corporate social responsibility practices. Rev. Gestão Secret. 14, 1 (2023) 737-749 https://doi.org/10.7769/gesec.v14i1.1544 [Google Scholar]
  51. A.S. Saleh, N.O. Ndubisi, An evaluation of SME development in Malaysia. Int. Rev. Bus. Res. Pap. 2, 1 (2006) [Google Scholar]
  52. E. Saygili, S. Arslan, A.O. Birkan, ESG practices and corporate financial performance: Evidence from Borsa Istanbul. Borsa Istanb. Rev. 22, 3 (2022) 525-533 https://doi.org/10.1016/j.bir.2021.07.001 [Google Scholar]
  53. A.U.M. Shah, S.N.A. Safri, R. Thevadas, N.K. Noordin, A.A. Rahman, Z. Sekawi, A. Ideris, M.T.H. Sultan, COVID-19 outbreak in Malaysia: Actions taken by the Malaysian government. Int. J. Infect. Dis. 97 (2020) 108-116 https://doi.org/10.1016/j.ijid.2020.05.093 [CrossRef] [Google Scholar]
  54. F. Shwedeh, A. Aburayya, R. Alfaisal, A.A. Adelaja, G. Ogbolu, A. Aldhuhoori, S. Salloum, SMEs’ Innovativeness and Technology Adoption as Downsizing Strategies during COVID-19: The Moderating Role of Financial Sustainability in the Tourism Industry Using Structural Equation Modelling. Sustainability (Switzerland) 14, 23 (2022) https://doi.org/10.3390/su142316044 [Google Scholar]
  55. SME Corp. Malaysia, SME Statistics. www.smecorp.gov.my (2020) [Google Scholar]
  56. SME Corp. Malaysia, Definisi PKS. www.smecorp.gov.my (2023) [Google Scholar]
  57. B. Surya, F. Menne, H. Sabhan, S. Suriani, H. Abubakar, M. Idris, Economic growth, increasing productivity of SMEs, and open innovation. J. Open Innov.: Technol., Mark., Complex. 7, 1 (2021) 1-37 https://doi.org/10.3390/joitmc7010020 [CrossRef] [Google Scholar]
  58. The Star, Showcasing Sustainable Successes. The Star (2023) https://www.thestar.com.my/metro/metro-news/2023/11/03/showcasing-sustainable-successes [Google Scholar]
  59. W.C. Wong, J.A. Batten, A.H. Ahmad, S.B. Mohamed-Arshad, S. Nordin, A.A. Adzis, Does ESG certification add firm value? Finance Res. Lett. 39 (2021) https://doi.org/10.1016/j.frl.2020.101593 [Google Scholar]

Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.

Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.

Initial download of the metrics may take a while.