The Impact of Global Reporting Initiative Quality on the Firm's Value- Evidence from Thailand

Abstract

The subject of corporate sustainability reporting has seen fast development in the recent years as more firms are putting a prominent accentuation on getting sustainable. This research used the Global Reporting Initiative guidelines data as a scoring system to evaluate the quality of sustainability reporting and aims to find the impact of Global Reporting Initiative quality on firm value for Thai firms and see the difference of firm value between Global Reporting Initiative adapted firms and to those who don’t publish sustainability report. In order to analyze the result 127 organization are taken who published sustainability reporting and 87 organizations who didn’t published their sustainability report from a period of 2016 to 2019. Result shown that the firm value of GRI adapted firms is better than those who doesn’t published their sustainability report.