{"id":"https://openalex.org/W4401199813","doi":"https://doi.org/10.24294/jipd.v8i7.4787","title":"Unveiling the influence of ESG disclosures on corporate profitability: Insights from Thailand\u2019s publicly listed companies","display_name":"Unveiling the influence of ESG disclosures on corporate profitability: Insights from Thailand\u2019s publicly listed companies","publication_year":2024,"publication_date":"2024-07-30","ids":{"openalex":"https://openalex.org/W4401199813","doi":"https://doi.org/10.24294/jipd.v8i7.4787"},"language":"en","primary_location":{"id":"doi:10.24294/jipd.v8i7.4787","doi":"https://doi.org/10.24294/jipd.v8i7.4787","is_oa":true,"landing_page_url":"https://doi.org/10.24294/jipd.v8i7.4787","pdf_url":null,"source":{"id":"https://openalex.org/S4210183041","display_name":"Journal of Infrastructure Policy and Development","issn_l":"2572-7923","issn":["2572-7923","2572-7931"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-20","russia-white-list-1"],"host_organization":"https://openalex.org/P4361075571","host_organization_name":"EnPress Publisher","host_organization_lineage":["https://openalex.org/P4361075571"],"host_organization_lineage_names":["EnPress Publisher"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Infrastructure Policy and Development","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.24294/jipd.v8i7.4787","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5004403974","display_name":"Kanitsorn Terdpaopong","orcid":"https://orcid.org/0000-0002-7978-3030","observed_orcids":["https://orcid.org/0000-0002-7978-3030"]},"institutions":[{"id":"https://openalex.org/I89226531","display_name":"Rangsit University","ror":"https://ror.org/01cqcrc47","country_code":"TH","type":"education","lineage":["https://openalex.org/I89226531"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Kanitsorn Terdpaopong","raw_affiliation_strings":["Faculty of Accountancy, Rangsit University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Accountancy, Rangsit University","institution_ids":["https://openalex.org/I89226531"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5046928778","display_name":"Gr\u00e9gory Wegmann","orcid":"https://orcid.org/0000-0001-9840-8538","observed_orcids":["https://orcid.org/0000-0001-9840-8538"]},"institutions":[{"id":"https://openalex.org/I177064439","display_name":"Universit\u00e9 de Bourgogne","ror":"https://ror.org/03k1bsr36","country_code":"FR","type":"education","lineage":["https://openalex.org/I177064439","https://openalex.org/I4405253280"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Gregory Wegmann","raw_affiliation_strings":["School of Management, University of Burgundy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, University of Burgundy","institution_ids":["https://openalex.org/I177064439"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010769810","display_name":"Tanpat Kraiwanit","orcid":"https://orcid.org/0000-0002-5130-6427","observed_orcids":["https://orcid.org/0000-0002-5130-6427"]},"institutions":[{"id":"https://openalex.org/I89226531","display_name":"Rangsit University","ror":"https://ror.org/01cqcrc47","country_code":"TH","type":"education","lineage":["https://openalex.org/I89226531"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Tanpat Kraiwanit","raw_affiliation_strings":["Faculty of Economics, Rangsit University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics, Rangsit University","institution_ids":["https://openalex.org/I89226531"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5004992752","display_name":"Pongsakorn Limna","orcid":"https://orcid.org/0000-0002-7448-5261","observed_orcids":["https://orcid.org/0000-0002-7448-5261"]},"institutions":[{"id":"https://openalex.org/I89226531","display_name":"Rangsit University","ror":"https://ror.org/01cqcrc47","country_code":"TH","type":"education","lineage":["https://openalex.org/I89226531"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Pongsakorn Limna","raw_affiliation_strings":["Faculty of Economics, Rangsit University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics, Rangsit University","institution_ids":["https://openalex.org/I89226531"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5104432693","display_name":"Aishath Rafiyya","orcid":"https://orcid.org/0009-0009-6344-2563","observed_orcids":["https://orcid.org/0009-0009-6344-2563"]},"institutions":[{"id":"https://openalex.org/I89226531","display_name":"Rangsit University","ror":"https://ror.org/01cqcrc47","country_code":"TH","type":"education","lineage":["https://openalex.org/I89226531"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Aishath Rafiyya","raw_affiliation_strings":["Faculty of Economics, Rangsit University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economics, Rangsit University","institution_ids":["https://openalex.org/I89226531"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.0584,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.9143131,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":"8","issue":"7","first_page":"4787","last_page":"4787"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12738","display_name":"Corporate Identity and Reputation","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/esg-disclosure","display_name":"ESG disclosure","score":0.9210000038146973},{"id":"https://openalex.org/keywords/firm-profitability","display_name":"firm profitability","score":0.9490000009536743},{"id":"https://openalex.org/keywords/tobin-s-q","display_name":"Tobin's Q","score":0.9710000157356262},{"id":"https://openalex.org/keywords/return-on-assets","display_name":"return on assets","score":0.9039999842643738},{"id":"https://openalex.org/keywords/earnings-per-share","display_name":"earnings per share","score":0.9649999737739563},{"id":"https://openalex.org/keywords/debt-ratio","display_name":"debt ratio","score":0.8019999861717224},{"id":"https://openalex.org/keywords/return-on-invested-capital","display_name":"return on invested capital","score":0.9300000071525574},{"id":"https://openalex.org/keywords/esg-ratings","display_name":"ESG ratings","score":0.5789999961853027},{"id":"https://openalex.org/keywords/market-valuation","display_name":"market valuation","score":0.6800000071525574},{"id":"https://openalex.org/keywords/listed-companies","display_name":"listed companies","score":0.8529999852180481},{"id":"https://openalex.org/keywords/stock-exchange-of-thailand","display_name":"Thailand Stock Exchange","score":0.7319999933242798}],"concepts":[{"id":"https://openalex.org/C185669311","wikidata":"https://www.wikidata.org/wiki/Q1163221","display_name":"Return on assets","level":3,"score":0.7985787391662598},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.7501819133758545},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6394097805023193},{"id":"https://openalex.org/C71104824","wikidata":"https://www.wikidata.org/wiki/Q1476639","display_name":"Structural equation modeling","level":2,"score":0.6117342710494995},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5741748809814453},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.5191699266433716},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.48077744245529175},{"id":"https://openalex.org/C206217203","wikidata":"https://www.wikidata.org/wiki/Q1134378","display_name":"Earnings per share","level":3,"score":0.4694216847419739},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.45148545503616333},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4402558505535126},{"id":"https://openalex.org/C8901936","wikidata":"https://www.wikidata.org/wiki/Q1050524","display_name":"Tobin's q","level":2,"score":0.4381169378757477},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.4220132827758789},{"id":"https://openalex.org/C27574286","wikidata":"https://www.wikidata.org/wiki/Q320723","display_name":"Variables","level":2,"score":0.42083457112312317},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.26783472299575806},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.24294/jipd.v8i7.4787","doi":"https://doi.org/10.24294/jipd.v8i7.4787","is_oa":true,"landing_page_url":"https://doi.org/10.24294/jipd.v8i7.4787","pdf_url":null,"source":{"id":"https://openalex.org/S4210183041","display_name":"Journal of Infrastructure Policy and Development","issn_l":"2572-7923","issn":["2572-7923","2572-7931"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-20","russia-white-list-1"],"host_organization":"https://openalex.org/P4361075571","host_organization_name":"EnPress Publisher","host_organization_lineage":["https://openalex.org/P4361075571"],"host_organization_lineage_names":["EnPress Publisher"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Infrastructure Policy and Development","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.24294/jipd.v8i7.4787","doi":"https://doi.org/10.24294/jipd.v8i7.4787","is_oa":true,"landing_page_url":"https://doi.org/10.24294/jipd.v8i7.4787","pdf_url":null,"source":{"id":"https://openalex.org/S4210183041","display_name":"Journal of Infrastructure Policy and Development","issn_l":"2572-7923","issn":["2572-7923","2572-7931"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-20","russia-white-list-1"],"host_organization":"https://openalex.org/P4361075571","host_organization_name":"EnPress Publisher","host_organization_lineage":["https://openalex.org/P4361075571"],"host_organization_lineage_names":["EnPress Publisher"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Infrastructure Policy and Development","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":60,"referenced_works":["https://openalex.org/W1514921101","https://openalex.org/W1971499895","https://openalex.org/W1992329207","https://openalex.org/W2024737984","https://openalex.org/W2047735993","https://openalex.org/W2065771650","https://openalex.org/W2083793764","https://openalex.org/W2089087592","https://openalex.org/W2159452650","https://openalex.org/W2493101627","https://openalex.org/W2524438912","https://openalex.org/W2744395095","https://openalex.org/W2796489872","https://openalex.org/W2889003232","https://openalex.org/W2889323026","https://openalex.org/W2897049397","https://openalex.org/W2914242475","https://openalex.org/W2955285165","https://openalex.org/W3005888105","https://openalex.org/W3010801367","https://openalex.org/W3021568246","https://openalex.org/W3024876126","https://openalex.org/W3033901694","https://openalex.org/W3048537087","https://openalex.org/W3061944482","https://openalex.org/W3112435308","https://openalex.org/W3119763312","https://openalex.org/W3122107863","https://openalex.org/W3183450257","https://openalex.org/W3191124016","https://openalex.org/W3193409885","https://openalex.org/W3193485153","https://openalex.org/W3202852805","https://openalex.org/W3211969333","https://openalex.org/W3216119773","https://openalex.org/W3216306687","https://openalex.org/W4213440938","https://openalex.org/W4239883852","https://openalex.org/W4282831692","https://openalex.org/W4283325456","https://openalex.org/W4284991101","https://openalex.org/W4294704058","https://openalex.org/W4297687886","https://openalex.org/W4297907117","https://openalex.org/W4300249708","https://openalex.org/W4310095956","https://openalex.org/W4315649294","https://openalex.org/W4324358194","https://openalex.org/W4362561257","https://openalex.org/W4362616816","https://openalex.org/W4362720882","https://openalex.org/W4376647068","https://openalex.org/W4380324498","https://openalex.org/W4382796486","https://openalex.org/W4384469295","https://openalex.org/W4385368048","https://openalex.org/W4385949377","https://openalex.org/W4390672379","https://openalex.org/W4392221503","https://openalex.org/W4392371687"],"related_works":["https://openalex.org/W7125586310","https://openalex.org/W4409613786","https://openalex.org/W4407040576","https://openalex.org/W7143881332","https://openalex.org/W7215616702","https://openalex.org/W7215472003","https://openalex.org/W7223395432","https://openalex.org/W7219211656","https://openalex.org/W4392371687","https://openalex.org/W7215250022"],"abstract_inverted_index":{"This":[0,159,215],"study":[1,52,216],"investigates":[2],"the":[3,13,26,38,60,163,199,225],"influence":[4],"of":[5,15,20,47,167,177,201],"Environmental,":[6],"Social,":[7],"and":[8,83,89,102,131,172,189,209],"Governance":[9],"Disclosures":[10],"(ESGD)":[11],"on":[12,25,42,76,91,124,141,212,221,231],"profitability":[14],"firms,":[16],"using":[17],"a":[18,54,97,138,174,185,218],"sample":[19],"385":[21],"publicly":[22],"listed":[23],"companies":[24],"Thai":[27],"Stock":[28],"Exchange.":[29],"Data":[30],"from":[31,37],"2018":[32],"to":[33,58,71,112,181,205],"2022":[34],"is":[35,110],"sourced":[36],"Bloomberg":[39],"database,":[40],"focusing":[41],"ESGD":[43,101,116,133,148,168,202],"scores":[44],"as":[45],"indicators":[46],"companies\u2019":[48],"ESG":[49,182,232],"commitments.":[50],"The":[51,94,126],"utilizes":[53],"structural":[55],"equation":[56],"model":[57],"examine":[59],"relationships":[61],"between":[62,100],"independent":[63],"variables;":[64],"ESGD,":[65],"Earnings":[66],"Per":[67],"Share":[68],"(EPS),":[69],"Debt":[70],"Assets":[72,81,92],"ratio":[73],"(DA),":[74],"Return":[75,90],"Investment":[77],"Capital":[78],"(ROIC),":[79],"Total":[80],"(TA),":[82],"dependent":[84],"variables":[85,208],"Tobin\u2019s":[86],"Q":[87],"(TBQ)":[88],"(ROA).":[93],"analysis":[95],"reveals":[96],"positive":[98],"relationship":[99],"TBQ,":[103],"but":[104],"not":[105],"with":[106,137,151,156],"ROA.":[107],"Further":[108],"exploration":[109],"conducted":[111],"determine":[113],"if":[114],"different":[115],"levels":[117,134,149],"(high,":[118],"medium,":[119],"low)":[120],"yield":[121],"consistent":[122],"effects":[123,211],"TBQ.":[125],"findings":[127],"indicate":[128],"discrepancies:":[129],"high":[130],"medium":[132],"are":[135,193],"associated":[136],"negative":[139],"impact":[140],"TBQ":[142,155],"when":[143],"EPS":[144],"increased,":[145],"whereas":[146],"low":[147],"correlate":[150],"an":[152],"increase":[153],"in":[154,169,203],"rising":[157],"EPS.":[158],"nuanced":[160],"approach":[161],"challenges":[162],"conventional":[164],"uniform":[165],"treatment":[166],"previous":[170],"research":[171],"provides":[173],"deeper":[175],"understanding":[176],"how":[178],"varying":[179],"commitments":[180],"practices":[183],"affect":[184],"firm\u2019s":[186],"market":[187,213],"valuation":[188],"profitability.":[190],"These":[191],"insights":[192],"crucial":[194],"for":[195,227],"firm":[196],"management,":[197],"highlighting":[198],"importance":[200],"relation":[204],"other":[206],"financial":[207],"their":[210],"value.":[214],"offers":[217],"new":[219],"perspective":[220],"ESGD\u2019s":[222],"impact,":[223],"emphasizing":[224],"need":[226],"differentiated":[228],"strategies":[229],"based":[230],"commitment":[233],"levels.":[234]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":8}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2024-08-01T00:00:00"}