By Monthira Kitsamphanwong
Year 2020
Abstract
This study aims to investigate corporate social responsibility disclosure and shared value affecting firm performance of listed companies in the Stock Exchange of Thailand. The data were obtained from financial reports of 354 companies in 2018. The study was conducted by using the content analysis and the checklist form of corporate social responsibility disclosure in accordance with corporate social responsibility guidelines developed by the Stock Exchange of Thailand and Thaipat Institute. The statistics used for the analysis were descriptive statistics and multiple regression analysis.
The study results showed that the hypothetical model was consistent with the empirical data. Corporate social responsibility disclosure had a positive direct influence on firm performance measured by the return on assets and return on equity. Moreover, corporate social responsibility disclosure had a positive direct influence on the shared value. In addition, the shared value also had a positive direct influence on firm performance measured by the return on assets and the return on equity. Therefore, it could be concluded that shared value was a full mediation in the relationship between corporate social responsibility disclosure and firm performance measured by the return on assets and the return on equity.
Corporate social responsibility disclosure on the part of community and social engagement had a positive direct influence on firm performance measured by the return on assets and the return on equity. This indicated that the firms with corporate social responsibility disclosure on the part of community and social engagement would result in better firm performance.