?????????????????????????????????????????????????? ??????????????????? (ESG) ???????????????????????????????????????????????????????????? ?? ??

Abstract

This research aims to study the content and volume of environmental, social and governance (ESG) disclosure and to test the relationship between environmental, social and governance (ESG) disclosure and financial performance from the return on assets of 167 listed companies in the market for al alternative investment (mai). Data were collected from the annual reports of the companies, which must be during 2020-2023, were used descriptive statistics and multiple regression analysis. The results of study found that environmental and governance disclosure have a positive relationship with financial performance. However, the results of the study found that social disclosure has a negative relationship with financial performance.The Study on the relationship between environmental, social and corporate governance disclosure and financial performance The results of the study can test the stakeholder theory that explains that it is important to create sustainable and successful management by considering the needs and interests of all stakeholder groups and can help organizations make better business decisions. In addition, ESG disclosure can use the results of the study as a guideline for information disclosure to meet the needs of investors and stakeholders. It can be considered for investment decision-making and to build confidence for investors who are making investment decisions by considering the impacts on the community, society and the environment.

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