THE LEVEL OF SUSTAINABILITY REPORTING ON INVESTOR CONFIDENCE AND FIRM PERFORMANCE OF COMPANIES ON THE STOCK EXCHANGE OF THAILAND
Keywords:
Sustainability Report, Stock Price, ROA, ROEAbstract
The purpose of this study is to examine the impact of sustainability reporting on investor confidence (stock price) and corporate performance (ROA, ROE) of sustainability companies listed on the Stock Exchange of Thailand. Data are collected from the sustainability report, annual report, and SETSMART database for the years 2019 to 2022 from 475 sample companies (1,655 observation years). The study is empirical research in which the data are analyzed using multiple regression analysis. The results of the study show that the level of sustainability reporting has a positive and significant relationship with stock price, but not significant on ROA and ROE. This suggests that the ranking of outstanding securities companies in sustainable business has a positive effect on investors' confidence in investment decision in the stock market. Information disclosure provides useful information to investors.
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