Exploring Managers’ Perceptions on Stakeholders’ Attributes in ESG Reporting of Malaysian Companies

  • Sharifah Buniamin College of Business Management & Accounting, UNITEN


This study aims to explore managers’ perceptions of stakeholders’ attributes in ESG reporting of Malaysian Companies. Six main stakeholder groups are included: shareholders, employees, customers, government, local community, and media. The data is obtained from a questionnaire survey distributed to top managers of Public Listed Companies in Malaysia. Managers are considered the companies’ representatives as they are involved in decision-making and corporate reporting processes. The results reveal that managers perceive stakeholders’ power, legitimacy, urgency, and salience differently for each of the six stakeholder groups. The application of stakeholder identification and salience theory developed by Mitchell et al. (1997) can provide managers a useful tool to better identify and understand stakeholders’ attributes in relation to ESG reporting. This study offers new insights to policymakers on the most influential stakeholder groups and the variation of influential levels across different stakeholder groups in ESG reporting.