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TRANSLATING GOVERNANCE INTO GROWTH: THE MEDIATING ROLE OF G-ESG DISCLOSURE IN THAI LISTED FIRMS |
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| รหัสดีโอไอ | |
| Creator | Prakasit SUPARAT |
| Title | TRANSLATING GOVERNANCE INTO GROWTH: THE MEDIATING ROLE OF G-ESG DISCLOSURE IN THAI LISTED FIRMS |
| Contributor | Dararat PHOPRACHAK, Kusuma DAMPITAKSE, Songwit CHAROENKITTHANALAP, Anek PUTTHIDECH |
| Publisher | Asian Interdisciplinary and Sustainability Review |
| Publication Year | 2568 |
| Journal Title | Asian Interdisciplinary and Sustainability Review |
| Journal Vol. | 14 |
| Journal No. | 2 |
| Page no. | Article 33 |
| Keyword | Corporate Governance Score, G-ESG Disclosure, Sustainable Growth Rate, Path Analysis, Stock Exchange of Thailand |
| URL Website | https://so05.tci-thaijo.org/index.php/PSAKUIJIR |
| Website title | https://so05.tci-thaijo.org/index.php/PSAKUIJIR/article/view/283673 |
| ISSN | 3027-6535 |
| Abstract | In the evolving landscape of emerging capital markets, aligning corporate governance (CG) mechanisms with long-term viability is critical. This study investigates how corporate governance scores translate into financial resilience by examining the mediating role of governance-dimension sustainability disclosure (G-ESG) on the sustainable growth rate (SGR) of companies listed on the Stock Exchange of Thailand. Grounded in Agency and Signaling Theories, the research employs a quantitative path analysis approach to evaluate empirical data from Thai listed firms. The empirical results reveal a robust structural relationship: superior corporate governance scores not only directly enhance sustainable growth but also exert a significant indirect influence through the transparency of governance-specific sustainability reporting. This evidence confirms that G-ESG disclosure functions as a vital strategic conduit, efficiently amplifying the value of internal governance quality into tangible economic performance. These findings challenge the traditional view of compliance as a mere administrative cost, demonstrating instead that high-quality governance signaling—mediated by transparent disclosure—is a fundamental driver of sustainable competitiveness. Consequently, this study offers a strategic imperative for regulators and boards to prioritize G-ESG transparency as a key mechanism for unlocking long-term corporate value. |
