The Factors Affecting the Sustainability Disclosure of Companies Listed on The Stock Exchange of Thailand

Abstract

     The purposes of this research are (1) to analyze the influence of company characteristics affecting the disclosure of sustainability reports and overall business value of companies listed on the Stock Exchange of Thailand; (2) to analyze the influence of company characteristics that effect on the disclosure of sustainability reports and annual business value of companies listed on the Stock Exchange of Thailand. The researcher applied three research methodologies, documentary research method. quantitative research and qualitative research, collected data from the listed companies' annual reports form 56-1 from 2016-2020, using a record form. The population and sample consisted of 263 companies from listed on the Stock Exchange of Thailand. Data analysis and hypothesis testing were performed using multiple regression analysis methods. and in-depth interviews key informant 6 persons from unit of analysis 263 companies by interview form, data analysis uses content analysis.

     The results showed that; Company characteristics consist of shareholder structure, company size, shareholder ratio and the proportion of independent committees influences sustainability report disclosure; company size and shareholder structure influences economic and social sustainability report disclosure. And the proportion of shareholders influences the disclosure of social sustainability reporting and environment. The shareholder structure influences business value by measuring. It from an external perspective. (Price-to-Earnings-Per-Share Ratio) Shareholders' equity influences business value by measuring it from an internal perspective. (Return on Equity) and the disclosure of economic and environmental sustainability reporting had a statistically significant effect on business value at 0.05 level.