ความสัมพันธ์ระหว่างระดับของการเปิดเผยข้อมูลตามเป้าหมายการพัฒนาอย่างยั่งยืนและมูลค่ากิจการของบริษัทในกลุ่มเซ็ต ๑๐๐ ที่จดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย

Abstract

This independent study aimed to investigate relationship between levels of data disclosure on Sustainable Development Goals (SDGs) and firm values of companies listed on the Stock Exchange of Thailand in SET 100 group. Data were gathered from the SDGs reports disclosed in annual reports and SDGs report database of the companies listed on the Stock Exchange of Thailand in SET 100 group, years 2016-2019. Data obtained were, then, analyzed to find out the relationships between levels of data disclosure on SDGs and firm values. The involvement level of SDGs disclosure of the studied companies with their types of business as classified by industrial class were measured by the regression equation analysis, in which the independent variable was the level of data disclosure on SDGs; the dependent variable was the firm values, and the controlled variables were the size of business as measured by company’s total assets; the company’s profitability as observed from the Return on Equity ratio; the company’s financial level as observed from the Debt to Equity Ratio, and the classification of industry. The findings revealed that level of data disclosure on SDGs positively correlated to firm values of companies listed on the Stock Exchange of Thailand in SET 100 group. It meant that when the companies disclosed data of SDGs which related to their business type, their firm values shall be increased accordingly.