IMPACT ON RETURN ON EQUITY OF CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND SHARE VALUE: EVIDENCE FROM THE STOCK EXCHANGE OF THAILAND
Keywords:
Corporate social responsibility disclosure, shared value, Return on equityAbstract
This research examined the effects of corporate social responsibility disclosure and shared value on return on equity by using the data from the annual report of 354 listed companies on the Stock Exchange of Thailand in 2018 as the secondary data. Content analysis and checklist form were used to collect the information of companies on corporate social responsibility disclosure according to the guidelines of the Stock Exchange of Thailand and Thaipat Institute. Descriptive statistics and multiple regression were used for data analysis. The results showed that the corporate social responsibility disclosure for community and social development had a positive and significant impact on the return on equity. The shared value had a positive and significant impact on the return on equity. Thus, the corporate social responsibility disclosure and shared value provide the useful information to investors and stakeholders. This suggested that companies with social responsibility and shared values from engaging with communities and society will result in better performance.References
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