Influence of Environmental, Social, and Governance (ESG) Performance That Affects Sustainable Growth through the Profitability of Companies Listed on the Stock Exchange, Service Industry Group
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Abstract
The objectives of this research are 1) to study ESG performance results that affect the sustainable growth of the company 2) to study ESG performance results that affect the company's profitability 3) to study the profitability that affects the sustainable growth of the company and 4) to study the ESG performance that affects the sustainable growth through the group's profitability. Examples of companies listed on the Stock Exchange of Thailand Service industry group A total of 583 company years were collected by collecting data for the past 5 years from 2018 - 2022 from the SETSMART online database. The researcher used descriptive statistics to analyze the data. and multiple regression analysis. The results of the research found that 1) ESG performance has no direct influence on the company's sustainable growth 2) ESG performance has a direct influence on profitability 3) profitability has an influence on the company's sustainable growth 4) ESG performance has a statistically significant influence on sustainable growth through the company's profitability. Companies should focus on ESG performance because research shows that ESG performance has a direct impact on increasing profitability and also has an indirect effect on sustainable growth. of the company that will affect investors' decisions.
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