THE RELATIONSHIP BETWEEN SUSTAINABLE ORGANIZATION, CASH FLOW STATEMENT AND LEVERAGE MANAGEMENT ON THE PROFITABILITY OF SET 100 COMPANIES FROM THE STOCK EXCHANGE OF THAILAND

Abstract

The purpose of this study was to investigate the relationship between sustainable organization, cash flow statement and leverage management affecting the profitability of SET 100 companies in the Stock Exchange of Thailand. The samples used in this study 89 companies with a total of 267 companies during 2020-2022 to analyze the preliminary data using descriptive statistics, correlation coefficient analysis, and multiple regression analysis to test the hypothesis.

The study found that 1) ESG has a positive impact on ROA with statistical significance at the .05 level and CGR has a negative impact on ROA with statistical significance at the .01 level. 2) CFO has a positive impact on ROA and CFF has a negative impact on ROA with statistical significance at the .001 level. 3) DA has a negative impact on ROA with statistical significance at the .05 level. 4) ESG has a positive impact on ROE with statistical significance at the .01 level and CGR has a negative impact on ROE with statistical significance at the .05 level. 5) CFO has a positive impact on ROE and CFF has a negative impact on ROE with statistical significance at the .001 level. 6) DA, DE and TIE have no impact on ROE with statistical significance at the .05 level. 7) ESG, DJSI, CGR have no impact on ROE with statistical significance at the .05 level. 8) CFO and CFF have no impact on NPM with statistical significance at the .05 level. 9) DA has a negative impact on NPM with statistical significance at the .05 level and TIE has a positive impact on NPM with statistical significance at the .001 level.