The Effect of Scope of Business Operations as Conglomerate on the Relationship between Corporate Governance Characteristics and Voluntary Disclosures in the Annual Reports about Social Responsibility of Listed Companies in the Stock Exchange of Thailand

Abstract

The objective of this study to examined the effect of scope of business operations as conglomerate on the relationship between corporate governance characteristics and voluntary disclosures about social responsibility.The research results found that there was a positive relationship between board’s size, board’s independent non-executive directors ratio, and internal audit department is in company existence and voluntary disclosures about social responsibility. In contrast, there was a negative relationship between board’s family members ratio and audit committee’s independent non-executive directors ratio and voluntary disclosures about social responsibility. Furthermore, interaction term of scope of business operations as conglomerate characteristic with audit committee’s size and internal audit department is in company existence can aid in enhancing firm’s voluntary disclosures about social responsibility.