The Impact of Sustainable Development Report on Firm Performance in Thailand

Abstract

This paper examines the impact of sustainable development report (hereafter called SDR) on firm performance (hereafter called FP) in the Stock Exchange of Thailand on the year 2016. The questionnaires of Global Report Initiative are used for evaluation of SDR, while the FP is measured by both market and accounting performances. This paper finds that the relationship between SDR and FP is significantly positive for excellent corporate governance firms. The results are useful to regulators since they could make decisions about adjust regulations or give some incentives to encourage listed firms to perform better corporate governance and sustainable development practices