ESG Disclosures, Assurance Report, and Companies’ Attractiveness: Saudi Capital Market

Authors

  • Hanin Ahmed Mohammed School of Business and Economics, University Putra Malaysia, Faculty of Administrative Sciences, University of Aden
  • Sabarina Mohammed Shah School of Business and Economics, Universiti Putra Malaysia
  • Yusniyati Yusri School of Business and Economics, Universiti Putra Malaysia
  • Manisah bt Ngalim School of Business and Economics, Universiti Putra Malaysia, Malaysia

DOI:

https://doi.org/10.14738/assrj.1112.18006

Keywords:

Assurance report, Companies’ attractiveness, ESG Disclosures, Saudi Capital Market

Abstract

Environmental, Social, and Governance (ESG) practices are increasingly adopted by companies worldwide to align with sustainable development goals (SDGs), with Saudi Arabia emerging as a significant example of this global shift. This study investigates the role of ESG disclosures in enhancing corporate attractiveness and overall performance, particularly within the context of Saudi Arabia’s evolving economy. Grounded in legitimacy theory, the research explores how non-audit services, specifically ESG assurance reports, can validate a company's sustainability claims and mitigate risks associated with greenwashing. Through a comprehensive literature review and analysis of key variables, this paper assesses the potential impact of mandatory ESG assurance requirements on corporate transparency and accountability. The findings offer insights valuable to practitioners, policymakers, and scholars interested in promoting socially responsible business practices.

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Published

2024-12-21

How to Cite

Mohammed, H. A., Shah, S. M., Yusri, Y., & Ngalim, M. bt. (2024). ESG Disclosures, Assurance Report, and Companies’ Attractiveness: Saudi Capital Market. Advances in Social Sciences Research Journal, 11(12), 84–97. https://doi.org/10.14738/assrj.1112.18006

Issue

Vol. 11 No. 12 (2024): Advances in Social Sciences Research Journal

Section

Articles

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Copyright (c) 2024 Hanin Ahmed Mohammed, Sabarina Mohammed Shah, Yusniyati Yusri, Manisah bt Ngalim

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