Voluntary Carbon Disclosure And Firm Value: Evidence From Malaysian Carbon-Intensive Industries
Table 1:
Variables | Definition | Measure |
FSIZE | Firm size | The natural logarithm of total assets |
LEV | Leverage | Ratio of total debt divided to total asset |
LIQ | Liquidity | Ratio of current asset divided to current liability |
FAGE | Firm age | The number of years since incorporation to the date of observation |
TANG | Asset tangibility | Ratio of proportion of tangible assets to total assets |
AUDQ | Audit quality | Binary variabled coded 1 if the firm is audited by Big 4 audit firm and 0 otherwise. |