Corporate Sustainability Initiatives on Employees and Financial Performance
Keywords:
Employee human rights, employee health and safety, employee training and development, employee welfare , employee workplaceAbstract
This study investigates relationship between corporate sustainability initiatives on employee and financial performance. The study adopted a GMM statistical model using a 6-year panel data from 253 companies in Malaysia. Findings from the study reveal the effect of corporate sustainability initiatives on employee and financial performance. Specifically, the study establishes the relationship between employee welfare, employee human rights, employee health and safety, employee training, employee workplace and financial performance. The implication of the study is that enhancing corporate sustainability initiatives on employees promotes productivity and ultimately financial performance as such manager of firms should promote employee welfare, workplace, health and human rights as a means to enhance productivity and financial performance.
