The Impact of Sustainability and Cyber Security Policies on Firm Performance: Evidence from ASEAN Listed Companies

Mohd Shazwan Mohd Ariffin; Siti Seri Delima  Abdul Malak; Wan Nordin  Wan-Hussin; Noraizan Ripain

doi:10.31436/ijema.v33i2.1430

Authors

Mohd Shazwan Mohd Ariffin Universiti Malaysia Terengganu, Malaysia
Siti Seri Delima Abdul Malak Universiti Utara Malaysia, Malaysia
Wan Nordin Wan-Hussin Taylor's University, Malaysia
Noraizan Ripain Universiti Malaysia Sabah, Malaysia

DOI:

https://doi.org/10.31436/ijema.v33i2.1430

Keywords:

Sustainability, Cyber security, ASEAN, Firm performance, Tobin’s Q

Abstract

This paper explores firm performance evaluation, expanding beyond traditional return on assets to include Tobin's Q. Sustainability and cybersecurity policies are identified as crucial factors influencing corporate success. The study analyzes 206 publicly listed companies in Malaysia, Thailand, and Singapore within the ASEAN region, using data from Refinitiv Eikon and multiple regression techniques. The results reveal a significant impact of sustainability and cybersecurity policies on firm performance as measured by Tobin's Q. The findings support the theoretical frameworks of agency cost and stakeholder theories. Future research should consider broadening the study's scope to include additional datasets from other ASEAN-listed companies to enhance the understanding of the relationship between policies and firm performance.

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