Impact of Difference Dimensions of Corporate Social Responsibility Actives on Company Financial Performance in The Stock Exchange of Thailand
Article Sidebar
Main Article Content
Abstract
The objective of this research was to examine how each dimension of corporate social responsibility (CSR) including environment, employment and community would affect financial performance measured with return on asset and company stock price of firms listed in the stock exchange of Thailand (SET). Using a sample of 61 firms varies among 8 industrial categories classified by the SET, CSR score was obtained using content analysis from the annual reports and firm financial performance was gathered from managerial reports in website of the SET during the period of 2014-2016. A multiple regression model was established to determine the relationship of. The results indicated that only CSR community dimension had statistically negative effect on return on asset while all CSR dimensions had no effect on company stock price.
Article Details
Article Accepting Policy
The editorial board of Thai-Nichi Institute of Technology is pleased to receive articles from lecturers and experts in the fields of business administration, languages, engineering and technology written in Thai or English. The academic work submitted for publication must not be published in any other publication before and must not be under consideration of other journal submissions. Therefore, those interested in participating in the dissemination of work and knowledge can submit their article to the editorial board for further submission to the screening committee to consider publishing in the journal. The articles that can be published include solely research articles. Interested persons can prepare their articles by reviewing recommendations for article authors.
Copyright infringement is solely the responsibility of the author(s) of the article. Articles that have been published must be screened and reviewed for quality from qualified experts approved by the editorial board.
The text that appears within each article published in this research journal is a personal opinion of each author, nothing related to Thai-Nichi Institute of Technology, and other faculty members in the institution in any way. Responsibilities and accuracy for the content of each article are owned by each author. If there is any mistake, each author will be responsible for his/her own article(s).
The editorial board reserves the right not to bring any content, views or comments of articles in the Journal of Thai-Nichi Institute of Technology to publish before receiving permission from the authorized author(s) in writing. The published work is the copyright of the Journal of Thai-Nichi Institute of Technology.
References
Afiff, S. & Anantadjaya, S.PD. (2013). CSR & Performance: Any Evidence from Indonesian LQ45. Review of Integrative Buiness & Economics Research, 2(1), 85-101.
Anderson, R. D., Sweeney, J. D. and Williams, A. T. (2002).Statistics for Business and Economics (8th ed.), United States of America: South-Western, a division of Thomson Learning.
Andy, F. (2000). Discovering Statistics: using SPSS for Windows. London: Sage Publication. Brammer, S., Brooks, C. & Pavelin, S. (2006). Corporate social performance and stock returns: UK evidence from disaggregate measure. Financial Management, 35(3), 97-116.
Bird, R. A., Hall, F. M., & Reggiani, F. (2007). What Corporate Responsibility Activities are Value by the Market? Journal of Business Ethics, 76(2), 189-206.
Carroll, A. B. (1999). Corporate social responsibility evaluation of A definition construct. Business & Society, 38(3), 268-295.
Clarkson, M. B. E. (1995). A Stakeholder framework for analysis And evaluating corporate social performance. A Cademy of Management Review, 20(1), 92-117.
Cochran, W. (1977). Sampling Techniques. Singapore: John Willey& Sons, Inc.
Fiori, G., F. Donato & Izzo, M. F. (2007). Corporate Social Responsibility and Firms Performance. An Analysis on Italian Listed Companies. LUISS Guido Carli University, Rome: Italy. Retrieve from https://ssrn.com/abstract=1032851
Inoue, Y. & Lee, S. (2011). Effects of different dimensions of corporate social responsibility on corporate financial performance in tourism-related industries. Tourism Management, 32, 790-804.
Mwangi, C. I. & Jerotich, O. J. (2013). The Relationship between Corporate Social Responsibility Practices and Financial Performance of Firms in the Manufacturing, Construction and Allied Sector of the Nairobi Securities Exchange. International Journal of Business, Humanities and Technology, 3(2), 81-90.
Sariannidis, N. & Garfalakis, A. (2011). The Content of Corporarate Social Responsibility Information: The Case of Greek Telecommunication Sector. International Business Research, 4(3), 33-38.
Uadiale, O. M. & Fagbemi, T. O. (2012). Corporate Social Responsibility and Financial Performance in Developing Economies: The Nigerian Experience. Journal of Economics and Sustainable Development), 3(4), 44-54.
Waddock, S. A. & Graves, S. B. (1997). The corporate social performance: financial performance link. Strategic Management Journal, 18(4), 303–319.
Wuncharoen, C. (2013). The Relationship between Corporate Social Responsibility and Firm Performance from the Hotel Industry of Kho Samui Island, Thailand. Proceedings of 3rd Global Accounting, Finance and Economics Conference, 5-7 May, Rydges Melbourne, Australia.
Yang, F. J., Lin, C. W., & Cheng, Y. N. (2010). The linkage between corporate social performance and corporate financial performance. African Journal of Business Management, 4(4), 406-413.