Influential Family Equity Characteristics On Returns Of Shareholders Through Sustainability Report

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Tippavan Rattanaprom


Family shareholding and concentrated ownership (CO) might influence returns of profits. This research article aimed to examine sustainability information in annual reports (Form 56-1), financial statements, notes to the financial statements, and sustainability reports in 2018 of 160 Thai-listed companies. Multiple Indicators and Multiple Causes (MIMIC) Model method was employed to test the hypotheses. The results showed that the concentrated ownership (CO) characteristics significantly have a direct influence on a company's sustainability report. A company's environmental performance is found as the most direct influence, followed by social and economic, respectively. The indirect influence has impacts on the return per share in a positive direction. A company’s sustainability reporting has a direct influence on the positive direction of the return per share which social performance has the most influence followed by environment and economic. While the company has a CO, sustainability reporting needs to be well-prepared, and the return per share increases.

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