Environmental and social disclosures of listed companies on the Stock Exchange of Thailand

Abstract

This research aimed to study environmental and social disclosure levels, the relationship between performance and environmental and social disclosures, and the comparison of the performance and environmental and social disclosures of industrial product companies and the resource industry group listed on the Stock Exchange of Thailand. The secondary data was collected from financial statements, annual reports, and the data entry forms (Form 56-1) from 2015 to 2019 of the total of 130 companies. Descriptive statistics were used for the analysis, namely mean and standard deviation. Inferential statistics such as correlation analysis and multiple regression analysis were also used. The research results showed that there was a Statistically significant correlation between the performance and the environmental and social disclosures of the companies in the industrial product group including reusing aspects, environmental monitoring aspects, and environmental law aspects and the return on equity (ROE), debt ratio (DR), and stakeholder equity (SE) at the levels of 0.01 and 0.05. In the resource industry group, there was a statistically significant correlation between environmental and social disclosures, namely recycling aspect, with return on equity (ROE), debt ratio (DR), and income at the levels of 0.01 and 0.05.