Government Ownership, Firm Performance and Corporate Philanthropy in Thai Listed Firms

Usarat Thirathon () and Suneerat Wuttichindanon ()
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Usarat Thirathon: Kasetsart University
Suneerat Wuttichindanon: Kasetsart University

No 7310271, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Studies in corporate social responsibility (CSR) have been tremendously conducted in both terms of CSR determinants and consequences. The results, however, are inconclusive yet. Rather using an aggregated score, this study focuses on one CSR strategy at a time. Philanthropy is focused because it is extensively chosen. Thailand is a Buddhist-based country and documented that philanthropy outstandingly appears. The disclosures on philanthropy activities are observed. Using a path analysis, this research found that philanthropy makes firm financial performance increased. Firm size and industry are important factors of philanthropy. Large firms and firms in high impact industry (i.e. oil and gas, and chemical) have a higher number of philanthropy activities. Government ownership, however, has no impact on philanthropy. The empirical findings support the corporate visibility as a determinant of CSR.

Keywords: CSR in Thailand; philanthropy; CSR-CFP link (search for similar items in EconPapers)
JEL-codes: M49 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2018-11
New Economics Papers: this item is included in nep-bec, nep-cse, nep-sbm and nep-sea
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Published in Proceedings of the Proceedings of the 43rd International Academic Conference, Lisbon, Nov 2018, pages 263-273

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:7310271

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