หุ้นยั่งยืนมีความสัมพันธ์กับผลการดำเนินงานและความผันผวนของผลการดำเนินงานของบริษัทจดทะเบียนในประเทศไทยหรือไม่

 

Is Thailand Sustainability Investment Related to the Performance and Performance Volatility of Listed Companies in Thailand?

 

 

วันที่ได้รับต้นฉบับบทความ :
2 ตุลาคม 2567

วันที่แก้ไขปรับปรุงบทความ :
23 พฤศจิกายน 2567

วันที่ตอบรับตีพิมพ์บทความ :
26 ธันวาคม 2567

ดร.อนุวัฒน์ ภักดี

รองศาสตราจารย์ประจำหลักสูตรบัญชีบัณฑิต

คณะวิทยาการจัดการ มหาวิทยาลัยราชภัฏจันทรเกษม

 

 

Received:
October 2, 2024

Revised:
November 23, 2024

Accepted:
December 26, 2024

Dr.Anuwat Phakdee

Associate Professor of Department of Accounting,

Faculty of Management Sciences, Chandrakasem Rajabhat University

 

 

คำสำคัญ :

หุ้นยั่งยืน ผลการดำเนินงาน
ความผันผวนของผลการดำเนินงาน

บทคัดย่อ

งานวิจัยนี้มีวัตถุประสงค์ เพื่อทดสอบความสัมพันธ์ของหุ้นยั่งยืนกับผลการดำเนินงาน และทดสอบความสัมพันธ์ของหุ้นยั่งยืนกับความผันผวนของผลการดำเนินงานของบริษัทจดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย งานวิจัยนี้ใช้ข้อมูลจากบริษัทจดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทยทั้งหมดครอบคลุมระยะเวลา 8 ปี ตั้งแต่ปี พ.ศ. 2558 – 2565 และใช้เทคนิคการวิเคราะห์ถดถอยพหุคูณในการทดสอบสมมติฐานการวิจัย ผลการวิจัยพบว่า หุ้นยั่งยืนมีความสัมพันธ์เชิงบวกกับผลการดำเนินงาน ในทางตรงข้ามพบว่า หุ้นยั่งยืนมีความสัมพันธ์เชิงลบกับความผันผวนของผลการดำเนินงาน นอกจากนี้ เมื่อทดสอบเพิ่มเติมเกี่ยวกับผลกระทบของวิกฤตโรคระบาดพบว่า Covid-19 ส่งผลกระทบเฉพาะความสัมพันธ์ของหุ้นยั่งยืนกับผลการดำเนินงาน แต่ไม่พบว่า Covid-19 ส่งผลกระทบต่อความสัมพันธ์ของหุ้นยั่งยืนกับความผันผวนของผลการดำเนินงาน

 

 

Keywords:
Thailand Sustainability
Investment, Firm Performance, Performance Volatility

ABSTRACT

This research aims to test the relationship between Thailand Sustainability Investment (THSI) and performance and the relationship between THSI and performance volatility of listed companies on the Stock Exchange of Thailand. This research uses data from all listed companies on the Stock Exchange of Thailand covering eight years from 2015 to 2022 and applies multiple regression analysis techniques to test the research hypotheses. The results show that THSI has a positive relationship with firm performance. On the contrary, THSI has a negative relationship with firm performance volatility. In addition, when eaxamning the impact of the pandemic, the finding reveal that COVID-19 only affects the relationship between THSI and performance but does not affect the relationship between THSI and performance volatility.

 

 

 

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