000			04138ntm a2200337 i 4500
999			_c101183 _d101189
003			MY-KuUP
005			20251125110920.0
006			t||||fr|||| 000 0
007			ta
008			240823t20242024my a|||fr|||| 000 0 eng d
020			_aTHE0009937 (Local) _qHardback
040			_aUMPSA _beng _cUMP _erda
090			_aFIM .R46 2024 r Thesis
100	1		_aRen Chunya, _eauthor.
245	1	0	_aEnvironmental, social and governance, intellectual capital and financial performance : _bevidence from chinese manufacturing companies / _cRen Chunya
264		1	_aKuantan, Pahang : _bUMPSA, _c2024
264		4	_c© 2024
300			_axiv, 241pages : _billustration ; _30 cm. +30 cm. + _e1 CD-ROM
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
347			_2rda _atext file _bPDF
500			_aFaculty of Industrial Management
502			_aThesis (Doctor of Philosophy) -- Universiti Malaysia Pahang – 2024
504			_Includes bibliographical referencesIncludes bibliographical references
520	3		_aGrowing ecological and social problems have prompted companies to pay more attention to environmental, social and governance (ESG) activities as stakeholder theory underscores the importance of stakeholder benefits. Research on the relationship between ESG and financial performance, which may be influenced by intellectual capital (IC), has not been conclusive, with most studies focusing on a single linear relationship and producing mixed results. However, only a few studies have explored the non-linear relationship between ESG and financial performance based on production theory speculations. According to resource-based theory (RBT), the importance of IC in intellectually intensive companies may impact the ESG–financial performance relationship, but related empirical studies are also scarce. To fill these gaps, this study aims to (1) examine whether ESG significantly influences financial performance in a linear and non-linear manner by dividing ESG to ESG managerial practice (ESGM) and ESG controversy control (ESGC) and dividing ESGM to the environmental (E), social (S) and governance (G) pillars; (2) investigate whether IC significantly influences financial performance in a linear and non-linear manner; and (3) detect whether IC significantly moderates the linear and non-linear relationship between ESG and financial performance. To achieve these aims, this study applies fix effect panel regression using secondary data from 2956 Chinese manufacturing companies from years 2018 to 2021. This study also performs a robustness check using the two-stage least squares method and replacing the financial performance indicators. Results show that (1) ESG and ESGM have significant linear and non-linear relationships with financial performance; (2) ESGC only shows a significant linear relationship with financial performance; (3) E, G and IC have significant linear and non-linear relationships with financial performance; (4) S has no relationship with financial performance; (5) IC significantly moderates the linear and non-linear relationships of ESG, ESGM, ESGC and E with financial performance; and (6) IC significantly moderates the linear relationship of S and the non-linear relationship of G with financial performance. This study enriches the empirical application of stakeholder theory, RBT and production theory and combines these theories to fill the gaps in the literature. Another novelty of this study lies in its discussion of non-linear relationships and its combination of non-financial indicators ESG and IC to influence financial performance. By revealing the influence of ESG and IC on financial performance, this study offers a decision-making reference for stakeholders, such as company managers, policymakers and investors. This study provides guidance for the application of ESG and IC in Chinese manufacturing companies.
610	2	0	_aFaculty of Industrial Management _xDissertations
650		0	_aUniversities and colleges _xDissertations
650		0	_aTheses _xDissertations
942			_2lcc _cTHESIS