Environmental, social, and governance (ESG) responsibilities and intellectual capital affect the profitability of companies listed on the stock exchange of Thailand
Abstract:
This research aims to study how environmental, social, and governance (ESG) responsibilities and intellectual capital affect the profitability of companies listed on the Stock Exchange of Thailand. Secondary data were collected from the financial statements and annual registration statements of 145 companies listed on the Stock Exchange of Thailand from 2018 to 2022. Data were analyzed using descriptive statistics, including frequency, percentage, mean, standard deviation, maximum and minimum values, as well as using inferential statistics, including Pearson correlation and multiple regression. The results of this study found that the score rating of corporate governance and the proportion of major shareholders influenced each other in the opposite direction to intellectual capital, with statistical significance at the 0.05 level. The proportion of independent boards of directors influenced each other in the same direction as intellectual capital, with statistical significance at the 0.05 level. Additionally, capital employed efficiency and leverage influenced each other in the same direction as profitability, with statistical significance at the 0.01 level.