Relationship between sustainability reports and good corporate governance with profitability on the stock exchange of Thailand in SET 100

Abstract

This research aimed to study the relationship between sustainability reporting and corporate governance with profitability. The sample group was SET 100 listed companies in the Stock Exchange of Thailand with operating results from 2020 to 2022, totaling 3 years and 288 companies. The data analysis methods included quantitative research, descriptive statistics and multiple regression analysis to explain the relationship between sustainability reporting and the corporate governance with profitability. The research results showed that the sustainability reporting was related to social scores (SCS), governance scores (GVS), and corporate governance assessment results (CGR) positively impacted profitability measured by net profit margin, and this finding was statistically significant at the .05 level. The sustainability reporting in terms of environmental scores (EVS) and the corporate governance in terms of corporate governance assessment results (CGR) had a positive effect on profitability in terms of return on total assets (ROA), which was statistically significant at the .05 level. The sustainability reporting was based on social scores (SCS) and corporate governance measured by corporate governance assessment results (CGR) and the annual general meeting (AGM) quality assessment results positively impacted profitability as shown by return on equity, and this finding was statistically significant at the .05 level.