Corporate Sustainability Practice in Thailand: An Empirical Study of Listed Companies on the Market for Alternative Investment
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Abstract
Currently, sustainability is a top organizational priority, especially for businesses participating in driving sustainability. This research aimed to: 1) study the level of corporate sustainability practices in Thailand and; 2) analyze factors influencing corporate sustainability practices. Quantitative research was done with data collected by questionnaire. Samples were managers or staff of listed companies on the Market for Alternative Investment (mai), a total of 118 organizations. Descriptive statistics, including frequency, percentage, means, and standard deviation, were used to test hypotheses, with correlation and multiple regression analysis (enter method). The results were that overall, organizations demonstrated high levels of corporate sustainability practice in all aspects. The three highest levels of corporate sustainability implementation were: 1) environmental management in organizational operations; 2) operations following good governance/corporate governance; and 3) participating in community/society problem-solving or development. The environmental sustainability dimension will be most focused on Thai businesses in a future. Business organizations and other sectors may apply these research results to policy formulation and organizational sustainability operations.
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