Influence of CEO Characteristics, Ownership Structure, and ESG Performance: Evidence from SET100 Listed Companies in Thailand
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Abstract
This study aims to investigate the impact of chief executive officer (CEO) characteristics such as gender, age, educational background, tenure and ownership structure such as family ownership and institutional investor ownership on the environmental, social and governance (ESG) performance of listed companies in the SET100 index of the Stock Exchange of Thailand. The data were collected from the annual reports, Form 56-1 One Report, and the Stock Exchange of Thailand database for the period 2020-2024. Descriptive statistics, Pearson correlation analysis, and multiple regression analysis were used to examine the relationships between the independent variables (CEO characteristics-gender, age, education, and tenure-and ownership structure-family business and institutional investors) and the dependent variable, ESG performance.
The results show that the CEO characteristics and ownership structure have significant relationships with ESG performance. Specifically, heterogeneous and experienced CEOs are more capable of facilitating sustainability practices. These findings highlight the significance of integrating the roles of corporate leadership and shareholders to improve the effectiveness of sustainability management in Thai firms. The findings provide practical guidance for executives, investors and regulators seeking to improve ESG performance and establish transparent and sustainable governance practices for the long term.
Article Details
เนื้อหาและข้อมูลในบทความที่ลงตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นข้อคิดเห็นและความรับผิดชอบของผู้เขียนบทความโดยตรงซึ่งกองบรรณาธิการวารสารไม่จำเป็นต้องเห็นด้วยหรือร่วมรับผิดชอบใด ๆ
บทความ ข้อมูล เนื้อหา รูปภาพ ฯลฯ ที่ได้รับการตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นลิขสิทธิ์ของวารสารสภาวิชาชีพบัญชี หากบุคคลหรือหน่วยงานใดต้องการนำข้อมูลทั้งหมดหรือบางส่วนไปเผยแพร่ต่อหรือเพื่อกระทำการใดๆ จะต้องได้รับอนุญาตเป็นลายลักษณ์อักษรจากวารสารสภาวิชาชีพบัญชี ก่อนเท่านั้น
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