The Companies Characteristics that affect the Reporting of Corporate Social Responsibility and Firm Value of Companies Listed on the Stock Exchange of Thailand
Keywords:
Reporting, Corporate, Social, Responsibility, Firm, ValueAbstract
Research Study Influence of Companies Characteristics that affect the Reporting of
Corporate Social Responsibility and Firm Value of Companies Listed on the Stock
Exchange of Thailand. The aspect of quantitative research result was done using statistical
analysis on structural equation model with Multiple Indicators and Multiple Causes (MIMIC)
model. From the study, it was found that the model was appropriate in 2013-2015. The
results of this study showed as follows. It was found that in 2013, firm characteristic,
shareholder structure (SHDS), proportion of independent directors (POID) and age (AGEC)
had negative influence on firm value (FMVL). While proportion of shareholding (SHHD)
and size (SIZE) had positive influence on firm value(FMVL). In terms of CSR reporting,
it was found that proportion of independent directors (POID), disclosure on fair business
operation (CSR2) had negative influence on firm value(FMVL). Proportion of shareholding
(SHHD) and disclosure on fair labor practice (CSR5) had positive influence on firm value
(FMVL). In 2014, it was found that firm characteristic, shareholder structure (SHDS) and
proportion of independent directors (POID) had negative influence on firm value (FMVL).
Proportion of shareholding (SHHD) and size(SIZE) had positive influence on firm value
(FMVL). While age (AGEC) found no influence. In terms of CSR reporting, disclosure on
participatory community and social development (CSR7) had negative influence on firm
value (FMVL). Disclosure on innovation and spread (CSR9) had positive influence on firm
value (FMVL). In 2015, it was found that firm characteristics, shareholder structure (SHDS),
proportion of independent directors (POID), age (AGEC) and size (SIZE) had negative
influence on firm value (FMVL). Proportion of shareholding (SHHD) had positive influence
on firm value (FMVL). In terms of CSR reporting, proportion of shareholding (SHHD) and
disclose on fair labor practice had positive influence on firm value (FMVL).
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