การมีส่วนร่วมในกิจกรรมที่เกี่ยวข้องกับ SDGs ช่วยส่งเสริม ผลประกอบการของบริษัทในประเทศไทยหรือไม่? : การวิเคราะห์หลายระยะเวลา
คำสำคัญ:
SDGs, ผลประกอบการของบริษัท , การสร้างมูลค่าในระยะยาวบทคัดย่อ
การศึกษานี้มุ่งสำรวจความสัมพันธ์ระหว่างการมีส่วนร่วมในกิจกรรมที่เกี่ยวข้องกับเป้าหมายการพัฒนาที่ยั่งยืน (Sustainable Development Goals: SDGs) และผลประกอบการของบริษัท โดยมุ่งเน้นไปที่ SDGs ทั้งหมด 6 ข้อ และผลกระทบต่อ Tobin's Q, อัตราผลตอบแทนต่อสินทรัพย์ (Return on Assets: ROA) และอัตราผลตอบแทนต่อส่วนของผู้ถือหุ้น (Return on Equity: ROE) ซึ่งถูกใช้เป็นตัวชี้วัดผลประกอบการ
การวิเคราะห์นี้ใช้ข้อมูลจากปี 2019 ถึง 2022 รวมทั้งสิ้น 474 ข้อมูล ในรูปแบบบริษัท-ปี จากบริษัทที่จดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย (SET) ซึ่งได้เปิดเผยข้อมูลการดำเนินกิจกรรมที่เกี่ยวข้องกับ SDGs ของตนโดยสมัครใจ งานวิจัยนี้ใช้แบบจำลองการถดถอย เพื่อศึกษาผลกระทบต่อผลประกอบการในปีปัจจุบัน (t), 1 ปีถัดไป (t+1) และ 2 ปีถัดไป (t+2) เพื่อทดสอบทั้งผลกระทบในระยะสั้นและระยะยาว
ผลการศึกษาพบว่า การเข้าร่วมกิจกรรม SDGs ส่งผลดีต่อผลประกอบการของบริษัทในระยะยาว แม้ว่าในระยะสั้นบาง SDGs อาจมีผลกระทบเชิงลบ ผลการวิจัยนี้สนับสนุนแนวคิดการสร้างมูลค่าในระยะยาว (Long-Term Value Creation) โดยแสดงให้เห็นว่าการบูรณาการ SDGs เข้ากับกลยุทธ์ของบริษัทสามารถนำไปสู่ผลลัพธ์ทางการเงินที่ดีขึ้นในระยะยาว
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