ESG and corporate financial performance: an empirical evidence from Thailand's listed power generation companies | |
| Author | Nitin, P. |
| Call Number | AIT Thesis no.ET-22-02 |
| Subject(s) | Social responsibility of business Investments--Social aspects Corporate governance |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Energy Planning and Economics |
| Publisher | Asian Institute of Technology |
| Abstract | Listed firms all over the globe are moving their focus from short-term profit maximization to long-term environmental, social, and governance (ESG) goals. People have realized that ESG has become a significant source of business risk, with the potential to impact a company’s financial performance and profitability. According to recent studies, high ESG performance can help certain countries enhance their financial performance. However, in Thailand, the subject of “how does ESG effect financial performance” has not been properly discussed and investigated. In this article, using a panel regression model, we explore the relation between ESG performance and financial indicators in the energy power market for Thailand’s listed power generation companies. The findings suggest that good ESG performance can increase the financial performance, which has important implications for investors, management, decision makers, and industry regulators |
| Year | 2022 |
| Type | Thesis |
| School | School of Environment, Resources, and Development (SERD) |
| Department | Department of Energy and Climate Change (Former title: Department of Energy, Environment, and Climate Change (DEECC)) |
| Academic Program/FoS | Energy Planning and Economics (ET, Start from 2022) |
| Chairperson(s) | Dhakal, Shobhakar |
| Examination Committee(s) | Weerakorn Ongsakul;Badar, Yusore F. |
| Degree | Thesis (M. Sc.) - Asian Institute of Technology, 2022 |