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Statistical Analysis of Accounting Disclosure on Environmental, Social, and Governance (ESG) Performance on Firm Value: The Moderating Role of Accounting Earnings Quality in Saudi Listed Firms |
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PP: 659-674 |
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doi:10.18576/jsap/150320
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Author(s) |
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Rabab Hamdy Abdalhamid,
Abdalaziz M. Alhaggan,
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Abstract |
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| This study investigates the relationship between accounting disclosures related to Environmental, Social, and
Governance performance and firm value in publicly listed firms in Saudi Arabia, highlighting the moderating influence of the quality of accounting profitability. Employing a balanced panel of non-financial firms from 2019 to 2024, the findings provide substantial evidence regarding the valuation of ESG disclosure in the context of a developing market undergoing regulatory and institutional transformations. The empirical results indicate a positive and statistically significant relationship between ESG disclosure and business value, as measured by Tobin’s Q. When examining ESG disclosure by its various dimensions, the environmental and social components have positive and substantial relationships with corporate
value, while the governance element has a weaker and statistically negligible effect. |
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