The Impact of Sustainability Reporting on Firm Valuation Empirical Evidence from Singapore

Abstract

Globally sustainability reporting (SR) has gained significance as one of the major concerns for businesses because these reports communicate information for the wider interest of the stakeholders. Therefore, the core objective of this investigation is to find out the relationship among sustainability reporting and valuation of firms listed in the Singaporean Capital market. The study has utilized an existing framework developed for sustainability reporting’s (SR) evaluation and assess how different proxies of SR influence the valuation of a firm. The sample of the firms is based on 450 firms listed on the Singaporean stock market (SSM) based on 3 years of data from 2016-2018. The study used panel data based on a random-effects regression model to perform multivariate regression. The outcomes of this study recommend that SR has a positive association with firm valuation.