The Influence of Responsibility Disclosure on Environment, Societies and Corporate Governance on Firm Performance of Companies Listed in Stock Exchange of Thailand
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Abstract
The purpose of this research is to study the influence of disclosing the accountability in responsibility on environment, societies, and corporate governance with respect to the operational, financial and market performance from 472 companies listed on the Stock Exchange of Thailand. This study is a quantitative research, using secondary data collected from sustainability reports and financial information published on the Stock Exchange of Thailand's website from 2019 to 2021, namely, ESG100’s rank information, information on corporate governance assessment, results of quality assessment on the meeting of shareholders, information on inclusion of the Thailand sustainability investment, information on inclusion of the Dow Jones sustainability indices. To analyze the collected data, we employ descriptive statistics for characterizing the samples and use multiple regression analysis for inferential statistics to find out the correlation of variables. Our analysis reveals that the results of quality assessment on the meeting of shareholders influences the operational and financial performance of the sampled companies in the same direction. However, the corporate governance assessment is shown to correlate in the opposite direction with the operational performance of the companies list on the Stock Exchange of Thailand.
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