Analysis of profit quality of listed companies that have announced the results of sustainable stock assessments SET ESG Ratings 2024

Abstract

         This article aims to 1) study the earnings quality of listed companies that have been announced the sustainability assessment results, 2) study the market value of listed companies that have been announced the sustainability assessment results, and 3) analyze the earnings quality that affects the market value of listed companies that have been announced the sustainability assessment results. The sample consists of 160 samples. The purposive sampling method is used. The study tools are secondary data, including financial data, financial statements, annual reports, and SET ESG Ratings 2024 of listed companies in the Stock Exchange of Thailand from 2021 to 2023, a total of 3 accounting periods. The statistics used in this study are mean, standard deviation, multiple regression analysis, and Pearson correlation coefficient analysis.

         Major Findings found that 1) It was found that the return on assets (ROA) had an average of 7.29, the return on equity (ROE) had an average of 11.54, the net profit margin (NPM) had an average of 13.82, and the debt to equity (DE) had an average of 1.97, 2) The price to net earnings ratio (P/E) had an average of 30.28, the price to book value ratio (P/BV) had an average of 2.12, and the net profit per share (EPS) had an average of 3) Return on equity (ROE) is related to earnings per share (EPS) and has a relationship in the same direction at a statistical significance level of .05 and Debt to equity (DE) is related to earnings per share (EPS) and has a relationship in the same direction at a statistical significance level of .01.