The Relationship between Corporate Governance (CG) and Corporate Social Responsibility CSR), and its impact on Shared Value of Firm: the Case of Thailand

Abstract

This research studies the relationship between corporate governance and corporate social responsibility and as well explores its impact on ‘Shared Value’ of firm. This study finds that both corporate governance and corporate social responsibility significantly support each other while each variable has significant impact on shared value. In addition, this study also finds that the interaction of these two variables (Sustainability Index) creates synergy leading to significant impact upon shared value for all stakeholders (owner, creditor, employee, customer, suppliers, society and environment) as well as sustainability of business.