Factors Influencing Corporate Social Responsibility Disclosure in Thailand

Abstract

    This paper examined factors influencing the corporate social responsibility (CSR) disclosure of firms in the SET 100 Index group. It was expected that the ownership structure might have a relationship with the types of ownership structure as follows: ownership concentration; government ownership, and foreign ownership. To assess the extent of CSR disclosure, a checklist was constructed, based on seven themes of ISO 26000 and content analysis was used to codify the text of CSR disclosure from the firms’ annual reports, registration statements (Form 56-1), and sustainability reports for the year ended 2011. The hypothesis results based on the Pearson’s product moment correlation coefficient indicated that government ownership was the only variable that was correlated with the level of CSR disclosure and the results based on stepwise multiple regression analysis showed that after controlling the effects of firm size (a control variable), government ownership was the most significant factor influencing the level of CSR disclosure in Thailand.