THE INFLUENCE OF GOOD CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY AFFECTING FIRM’S PERFORMANCE OF ENERGY AND UTILITIES GROUP OF THE LISTED COMPANIES ON THE STOCK EXCHANGE OF THAILAND

Abstract

This study presents empirical evidence on the influence of good corporate governance and social responsibility affecting the firm's performance of the energy and utilities group of the listed companies on the stock exchange of Thailand with the return on assets ratio, the return on equity ratio and the market to book ratio. The research methodology is Quantitative Research.  Secondary data was collected from the SET-SMART stock exchange of Thailand from 2017 to 2019 by analysing 46 companies. Therefore, it consists of 138 samples and includes data from the Thai Institute of Directors, Thai Investors Association, Thaipat Institute and annual reports (56-1). Data analysis uses Descriptive statistics and Inferential Statistics consist of maximum minimum mean standard deviation and multiple regression analysis. The results of this study found that 1) good corporate governance. There is a positive correlation between the return on assets and the return on equity with statistical significance with variables of corporate governance assessment scores and Board of directors, but CEO Duality has a negative. The coefficients of determination are 0.16 and 0.08. 2) Corporate social responsibility is positively related to the market to book ratio with the variables of Thailand's sustainability investment lists and the 100 ESG ratings, but a negative relationship with the set of sustainability awards and the collective action coalition against corruption. The coefficient of determination is 0.20.