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THE RELATIONSHIP OF CONCENTRATED OWNERSHIP, LITIGATION RISK AND ESG PERFORMANCE IN SOUTHEAST ASIA: INDONESIA, MALAYSIA AND SINGAPORE
This research investigates the impact of concentrated ownership on litigation risk and Environmental, Social, and Governance (ESG) performance in Southeast Asia, specifically focusing on Indonesia, Malaysia, and Singapore. By analyzing data from publicly listed companies in these regions between 2019 and 2023, this study seeks to clarify the relationship between ownership concentration and its effects on corporate litigation vulnerability and ESG performance. Additionally, the research delves into how variations in corporate governance practices across these countries influence these outcomes. The research employs an empirical methodology, combining quantitative analysis of financial and ESG metrics with qualitative case studies to provide a comprehensive perspective on how ownership structures influence critical aspects of corporate governance. The findings suggest that higher ownership concentration is sometimes associated with a reduction in litigation risk and may lead to improved ESG performance. Additionally, it was observed that litigation risk and ESG performance are interrelated, with good ESG practices potentially mitigating litigation risk. To further enhance the robustness of the empirical results, the study employs the Two-Stage Least Squares (2SLS) method to address potential endogeneity issues in the relationship between ownership concentration and ESG performance. This study contributes to the existing literature by highlighting the relationship of ownership structure in corporate governance and its implications for legal and ESG outcomes.
| 30007735 | 7735 | RLC MM (Rak Tesis) | Available |
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