From compliance to value: how GRI compliance moderates the ESG performance-firm value relationship in ASEAN From compliance to value: how GRI compliance moderates the ESG performance-firm value relationship in ASEAN

Purpose This study examines whether and how global reporting initiative (GRI) compliance moderates the relationship between environmental, social and governance (ESG) performance and firm value in ASEAN emerging markets. Design/methodology/approach The study employs a comprehensive research design using panel data from 2,268 listed companies across five major ASEAN economies (Indonesia, Malaysia, Philippines, Singapore, and Thailand) spanning 2018–2023, yielding 13,608 firm-year observations. Mu...

Purpose This study examines whether and how global reporting initiative (GRI) compliance moderates the relationship between environmental, social and governance (ESG) performance and firm value in ASEAN emerging markets. Design/methodology/approach The study employs a comprehensive research design using panel data from 2,268 listed companies across five major ASEAN economies (Indonesia, Malaysia, Philippines, Singapore, and Thailand) spanning 2018–2023, yielding 13,608 firm-year observations. Mu...