Financial Innovation and Social Responsibility Disclosure Effecting Performance of Listed Companies in The Stock Exchange of Thailand

Abstract

This research is a document-based study with the objectives to analyze: 1) the relationship between financial innovation and its impact on business performance, and 2) the relationship between the disclosure of corporate social responsibility information and its effect on the performance of companies listed on the Stock Exchange of Thailand. The sample used in this research consists of 229 companies listed on the Stock Exchange of Thailand (SET), selected through stratified random sampling. The research instrument used was a questionnaire for data collection. The statistical methods used for data analysis include descriptive statistics and inferential statistics, with a significance level set at 0.01. The findings. The financial innovation in terms of the intensity of human capital investment (HCI) and the intensity of research and development (RAD) significantly affects performance (PER) in a statistically significant way. The regression equations are: PER = 0.62 + 0.11 (HCI) + 0.14 (RAD) or PER = 0.20 (HCI) + 0.36 (RAD) and found Disclosure of corporate social responsibility in the areas of economics (ECO), environment (ENV), and society (SOC) significantly affects performance (PER) in a statistically significant way. The regression equation is: PER = 0.62 + 0.12 (ECO) + 0.16 (ENV) + 0.33 (SOC) or PER = 0.23 (ECO) + 0.05 (ENV) + 0.36 (SOC)