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SUSTAINABILITY DISCLOSURE AND CORPORATE GROWTH: AN EMPIRICAL STUDY OF LISTED THAI COMPANIES |
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| รหัสดีโอไอ | |
| Creator | Wichan CHANTHAWONG |
| Title | SUSTAINABILITY DISCLOSURE AND CORPORATE GROWTH: AN EMPIRICAL STUDY OF LISTED THAI COMPANIES |
| Contributor | Dararat PHOPRACHAK, Anek PUTTHIDECH, Kusuma DAMPITAKSE, Surachai AM-UGSORN |
| 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 7 |
| Keyword | Sustainability Disclosure, Sustainable Growth, ESG, Stock Exchange of Thailand, Corporate Performance |
| URL Website | https://so05.tci-thaijo.org/index.php/PSAKUIJIR |
| Website title | https://so05.tci-thaijo.org/index.php/PSAKUIJIR/article/view/281355 |
| ISSN | 3027-6535 |
| Abstract | This study investigates the impact of sustainability disclosure on the sustainable growth of companies listed on the Stock Exchange of Thailand (SET). Using a dataset of 234 listed companies in 2023, structural equation modeling (SEM) was employed to analyze the relationships between environmental, social, and governance (ESG) disclosures and sustainable growth rates. The findings revealed a significant negative influence of environmental disclosure on sustainable growth, potentially due to initial substantial investments in ESG compliance. However, the effect of social disclosure on growth was also found to be negative, with investors often emphasizing environmental and governance disclosures, which provide more quantifiable insights into corporate risk management. Furthermore, although governance and economic disclosures exhibited a positive correlation with sustainable growth, the relationship was statistically insignificant. These results provide valuable implications for policymakers and corporate leaders in Thailand regarding the importance of strategically aligning sustainability reporting with business strategies. By fostering transparency in operations, companies can improve stakeholder confidence and drive long-term competitive advantages. |
