The Relationship between Environmental Accounting Information Disclosure and Corporate Sustainability in Companies Listed on the Stock Exchange of Thailand
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This study explores the relationship between environmental accounting information disclosure and corporate sustainability among 589 firms listed on the Stock Exchange of Thailand (SET). Key disclosure areas include emissions, resource consumption, and waste management, essential for evaluating firms' environmental impacts and promoting transparency. Using multiple regression analysis based on completed questionnaires, the research assesses how these disclosures influence corporate sustainability while considering the moderating effects of industry type, company size, and financial performance.
The findings reveal a positive correlation between disclosure levels and sustainability performance, supporting the hypothesis that greater transparency enhances sustainability. Industry type significantly moderates this relationship, with environmentally sensitive sectors, such as energy and manufacturing, demonstrating higher sustainability practices. Interestingly, no significant relationship was found between financial performance, company size, and sustainability, suggesting that profitability and scale do not necessarily drive sustainable practices.
These results align with previous studies, emphasizing the importance of external reporting in shaping corporate behaviors and highlighting the strategic value of sustainable activities in high-risk industries. The study contributes to the literature on sustainability in emerging markets, advocating for improved environmental communication and stricter liability regulations to enhance corporate sustainability. These insights are valuable for policymakers and business stakeholders in Thailand and similar contexts.
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