A Structural Equation Model of Leadership, Technology Acceptance Model, Organizational Policies, and ESG Score Improvement Affecting the Performance of Listed Companies in Thailand Stock Exchange
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Abstract
The purpose of this research is to study the factors that contribute to the development of a structural equation model affecting ESG and impacting the efficiency of companies in the Stock Exchange of Thailand. The structural equation modeling process will be utilized as a tool for analysis and hypothesis testing. The population for this study comprises managerial personnel or those involved in the management and monitoring of organizational operations, representing each company in the stock market. Data will be collected using questionnaires, with a total sample size of 400 individuals.
The research found that A Structural Equation Model congruent with the observational data, as evidenced by the following fit indices: CMIN/df = 3.189, GFI = 0.92, NFI = 0.934, RFI = 0.914, IFI = 0.954, TLI = 0.939, CFI = 0.954, RMSEA = 0.074. The hypothesis testing results indicate that the leadership variable, technology acceptance variable, and organizational policy variable have a statistically significant positive direct influence on the development and enhancement of ESG scores and the organizational performance of companies listed on the Stock Exchange of Thailand at a significance level of 0.01.
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