The impact of corporate governance on the correlation between the social information disclosure and the performance of listed company on the stock exchange of thailand, SET100 Group

Abstract

The research objectives were to study the correlation between the social information disclosure and the performance and the impact of corporate governance on the correlation between the social information disclosure and the performance of companies listed on The Stock Exchange of Thailand, SET100 group. The information was collected from the notes to the financial statements, annual registration statements (Form 56-1), and annual reports from 2016 to 2020 of 68 companies. Data were analyzed by using descriptive statistics such as mean, standard deviation, percentage and inferences statistics include Multiple Regression Analysis. The study results found that the social information disclosure on consumer responsibility is in line with Return on Equity (ROE). The disclosure on innovation and innovation dissemination from social responsibility practices correlates in the negative direction to Return on Equity (ROE). In addition, the disclosure on anti-corruption was inversely related to Return on Assets (ROA). On the impact of corporate governance on the size of the Board of Directors and the shareholding proportion of the major shareholders, there is a negative correlation between social information disclosure on anti-corruption and Rate of Return on Assets (ROA). There is a negative correlation between the proportion of independent directors and social information disclosure on innovation and innovation dissemination from social responsibility practices and Return on Assets (ROA). There is a positive correlation between the percentage of shares held by management and directors and social information disclosure on coporate governance and environmental management and Return on Assets (ROA). There is a negative correlation between the percentage of shares held by management and directors & the position merging of Managing Director and Chairman of the Board and social information disclosure on human right records and Return on Assets (ROA). There is a positive correlation between the merging of the Managing Director & Chairman of the Board and social information disclosure on consumer responsibility and Return on Assets (ROA). There is a positive correlation between size of the board of directors & the shareholding proportion of the major shareholders and social information disclosure on human right records and Rate of Return on Equity (ROE). There is a positive correlation between size of the board of directors, the proportion of independent directors, shareholding percentage of major shareholders, and the position merging of Managing Director and Chairman of the Board and social information disclosure on consumer responsibility and Rate of Return on Equity (ROE). There is a negative correlation between size of the board of directors, the proportion of independent directors, and the shareholding proportion of the major shareholders and social information disclosure on innovation and innovation dissemination from social responsibility practices and Rate of Return on Equity (ROE). There is a negative correlation between shareholding proportion of executives & directors and social information disclosure on human right records and innovation and innovation dissemination from social responsibility practices and Rate of Return on Equity (ROE). There is a positive correlation between and the merging of the Managing Director & Chairman of the Board and social information disclosure of fair treatment of workers and Return on Equity (ROE). The correlations are statistically significant at 0.01 and 0.05 levels.