THE INFLUENCES OF CORPORATES SOCIAL RESPONSIBILITY ON FIRM FINANCIAL PERFORMANCE OF LISTED COMPANIES IN THE STOCK EXCHANGE OF THAILAND
Keywords:
Corporate Social Responsibility, Firm Financial Performance, SET 100Abstract
Objectives of this research article were: 1. To study the influence of corporate social responsibility on financial performance in terms of return on assets. 2. To study the influence of corporate social responsibility on financial performance, finance in terms of return on equity ratio of companies listed in the Stock Exchange of Thailand, conducted by the quantitative research that collected data from companies with top 100 operating results between 2019-2021 Findings were found that there were 79 companies with complete data necessary for analysis, a total of 237 data. Corporate social responsibility (CSR) was a variable predicting financial performance. This research determined that the control variables were Size of the business. Ratio of tangible assets to total assets. Debt to total assets ratio. Depreciation to total assets ratio and dividends paid. Data were analyzed using multiple regression.
The research results were found that Corporate social responsibility had no influence on financial performance in terms of return on assets (ROA) and return on equity (ROE). This research can create new knowledge for the business units for policy implementation to stimulate awareness of social responsibility of the business sector in Thailand.
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