The Relationship among Profitability,Corporate Governance, and Corporate Social Responsibility of Companies Listed on the Stock Exchange of Thailand

Abstract

This study aimed to examine The Relationship among Profitability, Corporate Governance, and Corporate Social Responsibility of Companies listed on the Stock Exchange of Thailand (SET). Data were gathered from the total of 2,308 datasets of annual reports and form 56-1, which were prepared by 483 companies at the end of accounting period during B.E. 2557-B.E.2561 as presented in the SET website. In this study, in order to examine the relationship between Profitability of Corporate, Levels of Corporate Governance and Corporate Social Responsibility of companies listed on SET, the following variables were selectively determined : Profitability of Corporate (ROA) was the independent variable; The Corporate Social Responsibility performance (CSR) was the dependent variable; and the Levels of Corporate Governance (CG) was the moderating variable.

In order to describe the preliminary statistics of the total 2,308 datasets as the research samples, the descriptive statistics was applied. The findings presented that 4% of the return on assets companies listed on the SET; 14.7% of these companies were ranked in the excellent, 29.6% were ranked  in very good, and 26.9% were ranked in good levels of corporate governance; and these companies averagely earned the corporate social responsibility score at 0.56 out of 1.  According to the multiple regression analysis on the relationship among profitability of corporate and the moderating effect, the results were presented as follows. 1) Profitability of Corporate positively relation to the corporate social responsibility. 2) There was a positive relationship between levels of corporate governance and the corporate social responsibility at statistical significance. 3) Levels of Corporate Governance negatively relation to the relationships between profitability of corporate and the corporate social responsibility.