From: ESG in the boardroom: evidence from the Malaysian market
Dependent variable | Sector | % of Independent Directors | % of Women on board | # of board meetings | ROA | Log Firm Size | Debt to Equity | Constant |
---|---|---|---|---|---|---|---|---|
ESG_score | 1 | 0.3389** | 0.3476** | -0.6355** | -0.0562 | 1.6443 | 0.0 | -3.1468 |
2 | 0.3440** | 0.3835** | -0.0935 | 0.0762 | 5.3596** | 0.0239* | -45.3354** | |
3 | 0.2464** | 0.3934** | -0.0584 | 0.0552 | 2.9216** | -0.0092 | -18.3524** | |
Environ_ | 1 | 0.3888** | 0.3481** | -0.5731** | 0.0526 | 0.9291 | 0.0003 | -9.4190 |
2 | 0.3226** | 0.3240** | 0.1826 | 0.1071 | 3.1227** | 0.0140 | -34.3968** | |
3 | 0.1914** | 0.3630** | -0.1088 | 0.1374 | 1.3611* | -0.0086 | -11.6150 | |
Govern | 1 | 0.1150** | 0.1086** | -0.1514 | -0.1313** | 0.5114 | 0.0 | 43.3470** |
2 | 0.1772** | 0.1702** | 0.0328 | 0.0447 | 1.3176** | 0.0087 | 29.5037** | |
3 | 0.1148** | 0.1680** | -0.0768 | 0.0908* | 0.8229** | 0.0027 | 38.3027** | |
Social | 1 | 0.3799** | 0.4986** | -0.3630 | 0.0925 | -1.8567 | -0.0002 | 26.6937* |
2 | 0.3699** | 0.2961** | -0.0089 | 0.0606 | 4.0077** | 0.0071 | -27.8935** | |
3 | 0.3115** | 0.4994** | 0.070 | -0.0360 | 0.8348 | -0.0049 | 0.1687 |