THE STUDY OF RELATIONSHIP BETWEEN THE LEVEL OF SUSTAINABILITY REPORT DISCLOSURE AND SECURITY PRICES OF LISTED COMPANIES IN THE STOCK EXCHANGE OF THAILAND

Abstract

          The research’s objectives were to study the relationship between the level of sustainability report disclosure and the security prices of listed companies in the Stock Exchange of Thailand, and to study the relationship between the level of sustainability report disclosure and the security prices of each industry of listed companies in the Stock Exchange of Thailand. Data were collected from 489 companies listed in the Stock Exchange of Thailand in 8 industries during A.D. 2012 - 2014. Statistics used included simple linear regression analysis and multiple regression analysis.          This research’s findings reveal that the level of sustainability report disclosure is positively related to the security prices of listed companies in the Stock Exchange of Thailand. Furthermore, 1) the level of sustainability report disclosure regarding economics is positively related to the security prices, 2) the level of sustainability report disclosure regarding social is not related to the security prices, and 3) the level of sustainability report disclosure regarding environment is not related to the security prices.